| Financial institute loan | MNT | USD | EUR | CNY | JPY |
| Loan amount |
The maximum loan amount is determined depending on the size of the business, assets and financial ability. The amount of financing from the bank shall not exceed 80% of the total working capital
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| Loan interest /month/ |
2.0%-1.6% |
1.35%-1.0% | 1.35%-1.0% | 1.35%-1.0% |
1.35%-1.0% |
| Loan interest /annual/ | 24.0%-19.2% | 16.2%-12.0% | 16.2%-12.0% | 16.2%-12.0% | 16.2%-12.0% |
| Term of loan |
Up to 36 months |
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| Service fee | 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 US dollars and the equivalent in EUR, CNY and JPY | |||
| Increased interes |
The increased interest rate is equal to 20% of the principal interest rate |
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| Benefits of Changes to the Original Loan Term |
0% |
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Period of exemption from principal
|
Up to 12 months |
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| Application Fee |
30,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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Actual cost /annual/: 19.9%-24.7%
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Conditions |
MNT |
| Maximum loan amount |
The amount of the loan does not exceed 18 percent of the Bank’s equity, and the financing does not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining enterprise. |
|
Loan interest /annual/ |
(Policy Interest+3%) |
| Term of loan |
Up to 24 months |
|
Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT |
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
|
Benefits of Changes to the Original Loan Term |
0% |
| Period of exemption from principal |
The Credit Committee will decide and may stay for a period determined by the Bank of Mongolia |
|
Application Fee |
30,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
|
Gold collateralizet loan |
Loan secured by certified gold bullion
|
Loan secured by uncertified gold bars
|
Gold loan without sample determination
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Term |
Up to 12 months
|
Up to 6 months
|
Up to 3 months
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Loan amount
|
Net weight* of gold Specimen*Gold Bank of Mongolia rate* (100%- Tax)*90% or 20% of equity up to | Net weight* of gold Specimen*Gold Bank of Mongolia rate* (100%- Tax)*80% or 20% of equity up to |
Gross weight* of gold from specimen /gold mining Stock samples before concluded bottom of specimen by amount/*(100%- Tax)*60% or 20% of equity up to
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MNT interest rate
|
month |
1.8%-1.6% |
1.9%-1.6% |
2.0%-1.6% |
| annual |
21.6%-19.2% |
22.8%-19.2% |
24.0%-19.2% |
|
|
US dollar interest rate
|
month |
1.25%-1.0% |
1.35%-1.0% |
1.35%-1.0% |
| annual |
15.0%-12.0% |
16.2%-12.0% |
16.2%-12.0% |
|
| EUR interest rate | month |
1.25%-1.0% |
1.35%-1.0% |
1.35%-1.0% |
| annual |
15.0%-12.0% |
16.2%-12.0% |
16.2%-12.0% |
|
| CNY interest rate | month |
1.25%-1.0% |
1.35%-1.0% |
1.35%-1.0% |
| annual |
15.0%-12.0% |
16.2%-12.0% |
16.2%-12.0% |
|
| JPY interest rate | month |
1.25%-1.0% |
1.35%-1.0% |
1.35%-1.0% |
| annual |
15.0%-12.0% |
16.2%-12.0% |
16.2%-12.0% |
|
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Service Fee
|
Free |
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Application Fee
|
30,000 MNT |
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Collateral |
Gold |
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Requirements for Collateralized Gold Bullion
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Gold bullion with proof of gold and silver specimens tested by an accredited precious metals assay laboratory
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Gold bullion with certificate of melting of precious metal ordered to be tested by an accredited laboratory of precious metals
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A gold deposit report should be issued, and the report should have a sample report indicating the amount of gold content | |