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
Green Loan – ECO tourism

Benefits

  • 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.
Categories
Green Loan – ECO tourism

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.
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
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
Fee for Changes to Initial Loan Terms

0%
Grace Period for Principal Repayment

Up to 24 months
Credit reference fee

For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

 Actual cost: 17.07%-24.31%

Categories
Green Loan – ECO tourism

Requirements

  • Last 12 months continuous business experience.
  • Must have collateral that meets the bank’s requirements.
  • Other requirements from the bank.
Categories
Green Loan – ECO tourism

Eligibility or required documents

  • Loan application letter;
  • Loan application /from Bank/;
  • Resolution of the Board of Directors/Shareholders’ Meeting/ on taking a loan. /The decision specifying the requested loan amount, interest rate, term, and collateral and appointing the person authorized to sign/;
  • A copy of the certificate and charter must be certified by a notary;
  • Copy of identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
  • Special licenses, business plans and other documents related to business activities;
  • References for the organization and its major shareholders;
  • Other Required documents;