- Flexible and favorable conditions
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Category: Credit line
We offer our customers credit line products with favorable interest rates and long-term loans that can be borrowed in accordance with their business activities.
Categories
Terms and conditions
|
Credit line |
MNT | USD | EUR | CNY | JPY |
| Maximum loan amount |
The maximum loan amount will be determined depending business, capital and financial ability |
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|
Loan interest /month/ |
2.0%-1.60% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
| Loan interest /annual/ | 24.0%-19.20% | 18.0%-13.20% | 14.4%-10.20% | 14.4%-10.20% |
10.8%-10.20% |
|
Commitment interest /annual/
|
2.80%-4.2% | 2.0%-3.60% | 1.50%-3.0% | ||
| Term of loan | Up to 60 months |
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 interest |
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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| 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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Categories
Requirements
- Last 12 months continuous business experience;
- Good credit history;
- Qualify for collateral
- Other requirements set by the bank
Categories
Eligibility or required documents
- Loan application letter. /Required loan amount, interest rate, term, collateral/
- Loan application /Bank form/
- 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 the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
- Special licenses, business plans and other documents related to business activities
- Details of financial statement figures as at the end of the last year. It includes: List of accounts receivable, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost of products, balance sheet of the last 1 year,
- Certificate of real estate to be mortgaged, /if the mortgaged property is in the name of another organization, a copy of the company’s certificate and charter, decision or resolution allowing the mortgage/
- List of vehicles and equipment to be pledged, certificates
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Other necessary additional materials