Categories
Loan for NBFIs

Benefits

  1. Flexible and favorable
Categories
Loan for NBFIs

Terms and conditions

Loan for NFBI

MNT USD EUR RMB

JPY

Amount

The amount of bank financing shall not exceed 80% of the total working capital. The maximum loan amount depends on the size of the business, capital and financial capacity.

Interest rate / monthly/

2.00%-1.60% 1.35%-1.00% 1.35%-1.00% 1.35%-1.00%

1.35%-1.00%

Interest rate / annually/

24.00%-19.20% 16.20%-12.00%  16.20%-12.00%  16.20%-12.00%

 16.20%-12.00%

Term

Up to 36 months

Service fee 

1% of the loan amount /maximum MNT 1,500,000/ or equivalent currency

0.5% of the loan amount /maximum USD 1,500 or amount equivalent to EUR, CNY, JPY

Penalty interest rate

Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate

Fee for changing the original loan terms

0%

Grace period

Up to 12 months

Loan application fee 

30,000 MNT

Credit recording enquiry fee /during loan analysis procedure/

Individual – MNT 1,000

Categories
Loan for NBFIs

Required documents

  • Official request/amount, interest, term and collateral pledged should be stated/
  • Loan Application / Bank’s application / 
  • Resolution of the Board of Directors 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 (founders, CEO, CFO, etc.), borrower’s application form (if legal entity)
  • Business licenses, plans and other documents
  • The purpose of the loan, contract, project, etc.
  • The market and competitor’s analysis
  • Tax reference
  • GCCA reference / in the name of the organization and shareholders /
  • Reference from GASR / on behalf of enterprises and major shareholders /
  • Financial statements of the company certified by the Audit and Tax Administration – / for the last 4 quarters, at the end of the last year/
  • Financial statements at the end of the year. These include: list of receivables, current assets, fixed assets, payables and liabilities and sales, unit cost, balance sheet for the last 1 year
  • Account statement / last 12 months /
  • Pledge of immovable property (if the pledged property is in the name of another organization, a copy of the company’s certificate, charter, decision and resolution authorizing to pledge)
  • Collateral historical and detailed reference
  • Pledge land’s 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 outstanding loans with other banks and NBFIs.
  • Other required additional materials