Categories
Gold collateralizet loan

Terms and conditions

Gold collateralizet loan

Loan secured by certified gold bullion
Loan secured by uncertified gold bars
Gold loan without sample determination

Term

Up to 12 months
Up to 6 months
Up to 3 months
Loan amount
Net weight* of gold Specimen*Gold Bank of Mongolia rate* (100%- Tax)*90% or 20% of equity up to Net weight* of gold Specimen*Gold Bank of Mongolia rate* (100%- Tax)*80% or 20% of equity up to
Gross weight* of gold from specimen /gold mining Stock samples before concluded bottom of specimen by amount/*(100%- Tax)*60% or 20% of equity up to
MNT interest rate
month

1.8%-1.6%

1.9%-1.6%

2.0%-1.6%

annual

21.6%-19.2%

22.8%-19.2%

24.0%-19.2%

US dollar interest rate
month

1.25%-1.0%

1.35%-1.0%

1.35%-1.0%

annual

15.0%-12.0%

16.2%-12.0%

16.2%-12.0%

EUR interest rate month

1.25%-1.0%

1.35%-1.0%

1.35%-1.0%

annual

15.0%-12.0%

16.2%-12.0%

16.2%-12.0%

CNY interest rate month

1.25%-1.0%

1.35%-1.0%

1.35%-1.0%

annual

15.0%-12.0%

16.2%-12.0%

16.2%-12.0%

JPY interest rate month

1.25%-1.0%

1.35%-1.0%

1.35%-1.0%

annual

15.0%-12.0%

16.2%-12.0%

16.2%-12.0%

Service Fee

Free

Application Fee

30,000 MNT

Collateral

Gold

Requirements for Collateralized Gold Bullion
Gold bullion with proof of gold and silver specimens tested by an accredited precious metals assay laboratory
Gold bullion with certificate of melting of precious metal ordered to be tested by an accredited laboratory of precious metals
A gold deposit report should be issued, and the report should have a sample report indicating the amount of gold content
Categories
Gold collateralizet loan

Requirements for Collateralized Gold Bullion

  • Gold bars with proof of gold or silver specimens tested by an Accredited Precious Metals Specimens Laboratory (ACM)
  • A gold deposit report should be issued, and the report should have a sample report indicating the amount of gold content.
  • Unassigned gold bullion with certificate of melting of precious metal ordered to be assayed by an accredited precious metal assay laboratory.
Categories
Gold collateralizet loan

Eligibility or required documents

  • Loan application letter
  • Authorization to pledge gold by an authorized official of the company
  • A copy of the certificate and charter must be certified by a notary
  • Borrower’s approval
  • Resume of an enterprise, director, and financial officer
  • Power of attorney given to the bank employee that the test results can be received