| Gold collateral loan | Collateral loan with purity certified gold bullion | Collateral loan with purity uncertified gold bullion |
Collateral gold loan without sample purity testing |
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Term |
Up to 12 months | Up to 6 months |
Up to 3 months |
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Loan amount |
Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 90% or up to 20% of equity | Net weight * Gold sample * Bank of Mongolia exchange rate for gold * (100% -Tax) * 80% or up to 20% of equity |
Gross weight * Gold sample / minimum amount of sample taken before gold extraction / * (100% -Tax) * 60% or up to 20% of equity |
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MNT loan interest |
Monthly |
1.8% -1.6% | 1.9% -1.6% |
2.0% -1.6% |
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Annual |
21.6%-19.2% | 22.8%-19.2% |
24.0%-19.2% |
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USD loan interest rate |
Monthly |
1.25%-1.0% | 1.35%-1.0% |
1.35%-1.0% |
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Annual |
15.0%-12.0% | 16.2%-12.0% |
16.2%-12.0% |
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EUR loan interest |
Monthly |
1.25%-1.0% | 1.35%-1.0% |
1.35%-1.0% |
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Annual |
15.0%-12.0% | 16.2%-12.0% |
16.2%-12.0% |
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CNY loan interest |
Monthly |
1.25%-1.0% | 1.35%-1.0% |
1.35%-1.0% |
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Annual |
15.0%-12.0% | 16.2%-12.0% |
16.2%-12.0% |
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JPY loan interest |
Monthly |
1.25%-1.0% | 1.35%-1.0% |
1.35%-1.0% |
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Annual |
15.0%-12.0% | 16.2%-12.0% |
16.2%-12.0% |
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Service fee |
No fee |
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Application fee |
30,000 MNT |
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Collateral |
Gold |
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Requirements for gold bullion as collateral |
Gold bullion with proven identification of gold and silver samples by accredited laboratory tests of precious metal samples | Gold bullion with a certificate of smelting of precious metals and no test results, ordered to be tested in an accredited laboratory for precious metal samples. |
Have a gold deposit reserve report prepared and a sample report indicating the gold content in the report. |
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