|
Investment loan |
MNT | USD | EUR | RMB |
JPY |
|
Maximum amount |
The borrower must finance at least 30% of the total investment. The maximum loan amount depends on the size of the business, capital and financial capacity. |
||||
|
Interest rate/monthly/ |
2.00%-1.60% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
|
Interest rate/annually/ |
24.00%-19.20% | 18.00%-13.20% | 14.40%-10.20% | 14.40%-10.20% |
14.40%-10.20% |
|
Term |
Up to 60 months |
Up to 36 months |
|||
|
Service fee |
1% of the loan amount /maximum MNT 1,500,000/ |
0.5% of the loan amount /maximum USD 1,500 or amount equivalent to EUR, CNY, JPY |
|||
|
Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
||||
|
Fee for changing the original loan terms |
0% |
||||
|
Grace period |
Up to 12 months |
||||
|
Loan application fee |
30,000 MNT |
||||
|
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – MNT 1,000 Corporate – MNT 1,000 |
||||
* Effective percentage rate /annual/: MNT 19.69%-24.51%