- Flexible and favorable
Categories
Category: Loan for NBFIs
It will finance the working capital needed to increase the profitability of the NBFI\’s business activities and increase its products and services.
Categories
Terms and conditions
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Loan for NFBI |
MNT | USD | EUR | RMB |
JPY |
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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. |
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Interest rate / monthly/ |
2.00%-1.60% | 1.35%-1.00% | 1.35%-1.00% | 1.35%-1.00% |
1.35%-1.00% |
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Interest rate / annually/ |
24.00%-19.20% | 16.20%-12.00% | 16.20%-12.00% | 16.20%-12.00% |
16.20%-12.00% |
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Term |
Up to 36 months |
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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 |
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Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
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Fee for changing the original loan terms |
0% |
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Grace period |
Up to 12 months |
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Loan application fee |
30,000 MNT |
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Credit recording enquiry fee /during loan analysis procedure/ |
Individual – MNT 1,000 |
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Categories
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