Category: Home

What information is required to initiate a CIPS transaction (such as bank codes, SWIFT/BIC, etc.)?

Full name, address, and account number (IBAN if applicable) of the recipient;
Name and SWIFT/CIPS code of the recipient’s bank;
If available, intermediary bank name and SWIFT/CIPS code;
Clear description/purpose of payment (e.g., tuition fee, invoice number, goods/services).

If the recipient bank is not a Direct Participant, the transfer is routed through a Direct Participant bank with which the recipient has a correspondent relationship.

All types of international yuan transfers are accepted without restrictions, except those constrained by international sanctions or regulatory measures.

Yes. Depending on the recipient bank’s time zone, the transaction settlement may be delayed and may be received the next business day.

Home

Conditions /MNT/	Overdraft Loans for Corporate
Current account minimum balance	0 MNT
Current account interest /annual/	According to “General Terms and Conditions of the Bank’s Service Fees and Charges”
Maximum Loan Amount	Up to MNT 500 million or up to 20 percent of the average current account balance of the last 12 months
Basic interest rate /annual/	21.6%
Basic interest rates Increased Interest /annual/	24.0%
Period of use	up to 12 months
Repayment period	30 days /counting from the day use/
Contribution	1% of the amount or the maximum amount is 1,000,000 MNT
Benefits of Changes to the Original Loan Term	1% of the amount or the maximum amount is 1,000,000 MNT
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Home

Зээл хүссэн албан тоот, зээлийн өргөдөл;
Хуулийн этгээдийн гэрчилгээ, дүрэм, үүсгэн байгуулсан гэрээ, зээл авах тухай тогтоол;
Бизнесийн үйл ажиллагааны зөвшөөрөл, лиценз, патент;
Зээлийн зориулалтын талаарх мэдээлэл, гэрээ, төсөл, тооцоо гэх мэт;
Барьцаа хөрөнгийн мэдээлэл, бичиг баримт, лавлагаа;
Шаардлагатай бусад бичиг баримтууд;

Home

Loan amount	Up to 30 million/The maximum loan amount should not exceed 60% of the average of the last 6 months sales/
Loan interest /monthly/	1.60%-1.80%
Loan interest /annual/	19.20%-21.60%
Loan term	Up to 12 months
Loan service fee	0%
Commitment interest	2.8%
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost /annual/:19.3%-21.7%

Home

Be a self-employed woman entrepreneur;
Be the owner of the Gerege POS device and Transbank POS device, and the contract for using the device during the loan period is valid;
Experience of continuous business for the last 6 months, business income received at least in the last 6 months through current account in TransBank;
Having no overdue or non-performing loan balances in other banks and NBFI;
The loan applicant’s debt to total income ratio should be 60%

Home

Loan application;
A copy of the registration certificate issued by the State Registration authorities and Company charter;
Identity card;
Other banks and financial institutions loan contract, loan accounts statement;
Collateral documents and guarantee agreements (if applicable);
Special licenses, business plans and other documents related to business activities;

Home

Transfer and receive money through more than 350,000 service points in more than 200 countries around the world;
Lowest fees compare to similar services;
Transactions sent from Mongolia to other countries and from other countries to Mongolia are processed very quickly, in just 10 minutes;
You do not need to have a bank account to use MoneyGram.