Category: Home

Home

Terms and conditions

Conditions	SME business loan – REPO /export/
Loan amount	Up to 3,000,000,000/Three billion/ MNT
Loan interest /annual/	10.50% / Repo trading interest rate + 4 percentage points does not exceed/
Loan interest /month/	Up to 2 years
Service fee	In the case of a new loan, it will not exceed 1% of the amount of the loan granted, or 1,500,000 MNT
Increased interest	Equal to 20% of the loan interest
Application fee	30,000 MNT
Period of Exemption from Basic Payments	At least 6 months
Other	Other requirements and conditions of the Bank of Mongolia
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT
*-According to the orders and decisions of the Bank of Mongolia, the terms of the products are subject to change from time to time.

Home

Set by the Bank of Mongolia, which provides repo financing sources;
As provided in Articles 4 and 5 of the Law on the Support of Small and Medium Enterprises and Services, citizens and industrial units with up to 200 employees and up to 2.5 billion annual sales revenues are eligible;
Non-mining exports, manufacturing, services*, wholesale or retail trade with 200 or more employees;

Home

Home

Home

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
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
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
Benefits of Changes to the Original Loan Term	0%
Period of exemption from principal	Up to 12 months
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.9%-24.7%

Home

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 /in the name of Organization and major shareholders/;
Other Required documents;

Home

Set by the Bank of Mongolia, which provides repo financing sources;
As provided in Articles 4 and 5 of the Law on the Support of Small and Medium Enterprises and Services, citizens and industrial units with up to 200 employees and up to 2.5 billion annual sales revenues are eligible;
Non-mining exports, manufacturing, services*, wholesale or retail trade with 200 or more employees;

Home

Home

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

Home

Requirements for gold-long-term financing loan applicants: Funding should not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining company’s licensed area;
The participating gold mining enterprise will use the loan for investment purposes; Participating gold mining enterprise must fully accept the terms of purchasing mined gold from the Bank of Mongolia during the financing period, and will pay in MNT according to the loan repayment schedule;
The debt of the reclassified loan in the name of the ownership of the company is unpaid;
The borrower must have enough cash flow to pay the loan and interest obligations and have qualified collateral.