Category: Working capital loan

We offer working capital loans to fully meet the financial needs on flexible and favorable terms to individuals, business entities, and customers who would like to increase their operating income and profitability, improve the quality of their products and services, and expand their businesses.

Working capital loan

Terms and conditions

Working capital loan	MNT	USD	EUR	CNY	JPY
Loan size	Flexible depending on business scope and financial solvency.
Monthly loan interest	2.00%-1.60%	1.50%-1.10%	1.20%-0.85%	1.20%-0.85%	1.20%-0.85%
Annual loan interest	24.00%-19.20%	18.00%-13.20%	14.40%-10.20%	14.40%-10.20%	14.40%-10.20%
Loan period	36 months
Loan origination fees	Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000	0.5% of the disbursed loan amount, or a maximum of USD 1500, or the equivalent amount in EUR, CNY, or JPY
Penalty interest for rate	Equivalent to 20 percent of the base interest rate
Loan forbearance fee	0%
Grace period	12 months
Loan Application fee	MNT 30,000
Credit recording enquiry fee /during loan analysis procedure/	Individual – MNT 1,000 Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.95%-24.77%

Working capital loan

Requirements

Experience in continuous business for the last 12 months;
Must meet the requirements of collateral (real estate and real property);
Other bank requirements.

Working capital loan

Required documents

Official letter requesting a loan. / Describes the amount of loan, interest, term and collateral/
Loan application / by the form /
Resolution of the Board of Directors (Shareholders’ Meeting) on obtaining a loan. /Decision on the amount, interest, term, collateral of the requested loan and appointment of the person authorized to sign /
Copy of company certificate, copy of company charter /stamped by State Registration Office/
Copy of ID card of the person authorized to sign the loan agreement (Founder, Director, CEO, etc.), borrower’s application form (legal entity)
Special licenses, business plan and other documents
Information about the purpose of loan, contracts and agreements, projects, etc.
Information about the market and competitors
Tax authority reference
Reference from General Authority of Enforcement of Judicial Decisions /on the name of the organization and shareholders /
Reference from State Registration Office /on behalf of enterprises and major shareholders/
Financial statements of the company certified by the Audit and Tax Administration – / As of last 4 quarters, as of end of the last year /
Details of the financial statements as of the end of the year. Includes: List of receivables, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost, balance sheet for the last 1 year,
Account statement / As of the last 12 months /
Pledge certificate of real estate (if the pledge is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution to allow pledge)
Mortgage reference / historical, detailed /
Pledge certificate, contract and cadastral map
List and certificate of pledged machinery and equipment
Proof of tax payment in case of real estate purchase
Loan agreement and loan account statement if you have loan balances with other banks and NBFIs.
Other necessary additional materials