- Flexible and favorable term
Categories
Category: Investment Loan
Business entities and customers are offered to obtain investment loans on favorable terms for the purchase of fixed assets, construction and expansion of facilities, and the purchase of technology and equipment in order to expand their business activities.
Categories
Terms and conditions
| Investment loan | MNT | USD | EUR | RMB |
JPY |
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Maximum amount |
The borrower must finance at least 30% of the total investment. 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% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
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Interest rate/annually/ |
24.0%-19.20% | 18.00%-13.20% | 14.40%-10.20% | 14.40%-10.20% |
14.40%-10.20% |
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Term |
Up to 60 months |
Up to 36 months |
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Service fee |
1% of the loan amount /maximum MNT 1,500,000/ |
Олгосон зээлийн дүнгийн 0.5% буюу дээд хэмжээ нь 1,500 ам.доллар болон түүнтэй тэнцэх евро, юань, иен |
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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 Corporate – MNT 1,000 |
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* Effective percentage rate /annual/: MNT 19.69%-24.51%
Categories
Requirements
- Experience in continuous business for the last 12 months;
- Have a good credit history and good creditworthiness;
- Must meet the requirements of collateral (real estate and real property);
- Must meet other requirements set by the bank.
Categories
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