- Flexible loan terms and grace periods, with the option to disburse in three different currencies;
- Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.
Category: Green loan – Eco tourism
A green loan product designed to help clients in the tourism sector improve their travel and tourism offerings and operate sustainable, environmentally friendly business practices.
Categories
Terms and conditions
| Green Loan |
MNT |
USD |
EUR |
| Maximum Loan Amount |
The maximum loan amount will be determined based on the business scope, assets, and financial capacity. |
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| Interest Rate (monthly) |
1.4%- 2.0% |
1.1% – 1.5% |
1.1% – 1.5% |
| Interest Rate (annual) |
16.8%-24.0% |
13.2%- 18.0% |
13.2%- 18.0% |
| Loan Term |
Up to 120 months |
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| Loan Disbursement Fee |
1% of the disbursed loan amount, with a maximum of MNT 1,500,000 |
0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR |
|
| Additional Interest |
Additional interest is equal to 20% of the base interest rate |
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| Fee for Changes to Initial Loan Terms |
0% |
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| Grace Period for Principal Repayment |
Up to 24 months |
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| Credit reference fee |
For each inquiry during loan application (Citizen, Organization) – 1,000 MNT |
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Actual cost: 17.3%-24.5%
Categories
Requirements
- Experience in continuous business activity for the last 12 months, for a newly started business, continuous activity for the last 6 months;
- Obtaining a special license to operate from the relevant authority;
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Financial statements must be certified by the Tax Office;
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No poor quality loan balances;
- Have collateral that meets the Bank’s requirements;
- Loan application letter;
- Loan application form /bank template/
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Presentation of business activities;
- A copy of the registration certificate issued by the State Registration Authorities;
- Financial statements certified by audit and tax authorities /last 1-3 years/;
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Special licenses, business plans and other documents related to business activities
- Other Required documents