Categories
UnionPay Gold Debit Card

We offer a Gold UnionPay card, which is secured using the latest EMV chip technology, and provides an opportunity to make payments both domestically and internationally.

Categories
UnionPay Gold Debit Card

Terms and conditions

UnionPay Gold debit card
Currency MNT, USD, EUR, CNY
Admission fee 50,000 MNT
Validity 3 year
Card order fee (urgently) 5,000 MNT
Cash withdrawal at TransBank branch  200 MNT or currency equivalent to 200 MNT
Cash withdrawal from other banks’ АТМ 500 MNT or currency equivalent to 500 MNT
Cash withdrawal from foreign banks’ АТМ 2% (min 3 USD)
Balance inquiry at TransBank branch 100 MNT or currency equivalent to MNT
Balance inquiry at other domestic banks’ ATM
Balance inquiry at other domestic bank branch
To check account balance from foreign banks /AТМ/ 0.5 USD
Change PIN code at TransBank branch 1,000 MNT or currency equivalent to 1,000 MNT
Requesting new PIN code at TransBank branch
Request or change e-PIN code /Branch/ No fee
Reissuance fee 30,000 MNT
Daily cash withdrawal limit 25,000,000 MNT
Daily POS purchase limit 100,000,000 MNT
Minimum required balance 5,000 MNT / 10 USD / 10 EUR / 50 CNY
Categories
UnionPay Gold Debit Card

Required documents

Please visit the nearest branch of TransBank to order. 

Individual: 

  • ID card 

For foreigners:

  • Passport
  • Alien Registration Card
Categories
Visa Platinum Debit Card

We offer a Visa Platinum Debit card which will give you globally accepted payment, as well as the benefits, discounts, special services and flexibility that fully meet the needs.

Categories
Visa Platinum Debit Card

Terms and conditions

Terms and conditions Visa Platinum debit card
Currency MNT, USD, EUR, CNY
Admission fee 500,000 MNT
Validity 3 year
Card order fee (urgently) 5,000 MNT
Cash withdrawal at TransBank branch  200 MNT or currency equivalent to 200 MNT
Cash withdrawal from other banks’ АТМ 500 MNT or currency equivalent to 500 MNT
Cash withdrawal from foreign banks’ АТМ 2% (min 3 USD)
Balance inquiry at TransBank branch 100 MNT or currency equivalent to MNT
Balance inquiry at other domestic banks’ ATM
Balance inquiry at other domestic bank branch
To check account balance from foreign banks /AТМ/ 0.5 USD
Change PIN code at TransBank branch 1,000 MNT or currency equivalent to 1,000 MNT
Requesting new PIN code at TransBank branch
Request or change e-PIN code /Branch/ No fee
Reissuance fee 250,000 MNT
Daily cash withdrawal limit 50,000,000 MNT
Daily POS purchase limit 300,000,000 MNT
Minimum required balance 5,000 MNT / 10 USD / 10 EUR / 50 CNY
Categories
Visa Platinum Debit Card

Required documents

Please visit the nearest branch of TransBank to order. 

Individual: 

  • ID card 

For foreigners:

  • Passport
  • Alien Registration Card
Categories
Credit line for preparation suppliers

Benefits

Flexible and Favorable Conditions

Categories
Credit line for preparation suppliers

Requirements

  • Evidence of running the business in the last 12 months and continuing to pursue it as a going concern
  • Good credit history and score
  • Collateral to satisfy the bank’s requirements (e.g. property deeds, other fixed or moveable assets, etc.)
  • Other requirements from bank on a case by case basis
Categories
Credit line for preparation suppliers

Required documents

  • Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
  • Loan application / by the form /
  • Resolution of the Board of Directors (Shareholders’ Meeting) on ​​obtaining a loan. /Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
  • Copy of company certificate, copy of company charter /stamped by State Registration Office/
  • Copy of ID card of the person authorized to sign the loan agreement (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
  • Special licenses, business plan and other documents
  • Information about the purpose of loan, contracts and agreements, projects, etc.
  • Information about the market and competitors
  • Tax authority reference
  • Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
  • Reference from State Registration Office /on behalf of enterprises and major shareholders/
  • Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
  • Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
  • Account statement / As of the last 12 months /
  • Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
  • Mortgage reference / historical, detailed /
  • Pledge certificate, contract and cadastral map
  • List and certificate of pledged machinery and equipment
  • Proof of tax payment in case of real estate purchase
  • Loan agreement and loan account statement if you have loan balances with other banks and NBFIs.
  • Other necessary additional materials
Categories
Credit line for preparation suppliers Credit line for preparation suppliers

Terms and conditions

Credit line MNT USD
Maximum amount
Up to 3.5 billion MNT and equivalent currency
Interest rate /Monthly/ 2.0%-1.6% 1.5%-1.0%
Interest rate /annually/ 24.0%-19.2% 18.0%-12.0%
Commitment rate /annually/ 4.2%-2.8% 3.6%-2.0%
Term Up to 12 months
Service fee 1% of the loan amount /maximum MNT 1,500,000/
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 term 0%
Application fee MNT 30,000
Credit recording enquiry fee /during loan analysis procedure/ Individual – MNT 1,000    Corporate – MNT 1,000
Explanation:
A loan product that allows you to mortgage the original customs documents for cars and heavy-duty machinery that do not have a federal number.

* Effective percentage rate /annual/: MNT 19.69%-24.51%

Categories
Green loan project

Benefits

The duration of the loan and the release of the principal loan are long and available in three types of currency

You, the client, can change your basic business model within the scope of the project loan and move to a more resource-efficient, environmentally friendly and green business model

.

Categories
Green loan project

Conditions

Green Project Loans MNT USD EUR
Maximum loan amount The maximum loan amount will be determined depending on the size of the business, capital and financial ability.
Loan interest /monthly/ 2.0%- 1.6% 1.5% – 1.1% 1.5%-1.1%
Loan interest /annual/ 24.0%-19.2% 18.0%- 13.2% 18.0%-13.2%
Term
Up to 60 months
Up to 36 months
Lending fees 1% of the loan amount or the maximum amount is 1,500,000 MNT 0.5% of the loan amount or the maximum amount is 1,500 USD or its equivalent in Euro
Added interest The added interest is equal to 20% of the basic interest
Fee for modification of the original loan conditions 0%
Period of exemption from principal From 12 to 24 months
Application Fee 30,000 MNT
Loan database reference fees /When loaned/ For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

* Effective percentage rate /annual/: MNT 19.68%-24.50%

Categories
Green loan project

Requirements

  • Projects and programs included in the category of’Mongolian Green Taxonomy” will be financed./ Click HERE /
  • As a result of the project’s investment, the borrower’s business operating energy consumption would have been at least 20% saved, or the expectation had been reduced by more than 20%;
  • For water-saving projects, a minimum of 20% savings will be available;
Categories
Commercial mortgage

Terms and conditions

Property

MNT

USD EUR RMB

JPY

Term

Up to 120 months

Amount

Up to 75 percent of the total contract pricing or equivalent in foreign currency up to 20 percent of the maximum equity

Interest rate /monthly/ 2.00%-1.60% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00%
Interest rate /annually/ 24.00%-19.20% 16.20%-12.00% 16.20%-12.00% 16.20%-12.00% 16.20%-12.00%
Downpayment

Minimum 25%

Grace period

Depending on the loan purpose

Other terms

Currency conversion is possible every 6 months or 1 year

/USD/

Application fee

30,000 MNT

Service fee

0.5% of the loan amount /maximum MNT 1,500,000/ or equivalent currency

Insurance

Purchased asset on credit must covered by comprehensive insurance. The client is responsible for the insurance premium.

Credit recording enquiry fee /during loan analysis procedure/

Individual – 1,000 MNT

Corporate – 1,000 MNT

* Effective percentage rate /annual/: MNT 20.11%-24.95%

Categories
Commercial mortgage

Requirements

  1. Running the business in the last 12 months and continuing it as a going concern
  2. Good credit history and score and other evidence of ability to repay the loan
  3. Collateral to satisfy the bank’s requirements
  4. Other requirements from the bank on a case by case basis