- Flexible and favorable conditions
Categories
Category: Investment Loan
We offer investment loans on favorable terms to entrepreneurs, businesses, and clients aiming to expand their business operations. These loans can be used for purchasing fixed assets, constructing or expanding buildings, and acquiring technology and equipment.
Categories
Terms and conditions
| Investment loan | MNT | USD | EUR | CNY | JPY |
| Maximum loan amount | The maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity. | ||||
| Loan interest /month/ |
1.6%-2.0% |
1.1%-1.5% | 0.85%-1.2% | 0.85%-1.2% |
0.85%-1.2% |
| Loan interest /annual/ |
19.2%-24.0% |
13.2%-18.0% | 10.2%-14.4% | 10.2%-14.4% |
10.2%-14.4% |
| Term of loan |
Up to 60 months |
Up to 36 months |
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| Service fee | 1% of the loan amount or the maximum amount is 3,000,000 MNT | 0.5% of the loan amount or the maximum amount is 3,000,000 MNT, equivalent in USD, EUR, CNY and JPY | |||
| Penalty interest |
20% higher than the regular interest rate |
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| Fee for changes to the original loan terms |
0% |
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Grace period for principal repayment
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Up to 12 months
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| Application Fee |
30,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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Actual cost /annual/: 19.7%-24.5%
Categories
Requirements
- Last 12 months continuous business experience;
- Qualify for collateral;
- Other requirements from the bank;
- Have collateral that meets the Bank’s requirements;
Categories
Eligibility or required documents
- Loan application form
- Business-related documents (licenses, certificates, company charter, etc.)
- Financial statements and related financial documents
- Loan agreements and statements from other banks or financial institutions (if applicable)
- Documents related to the activities to be financed by the loan
- Collateral-related documents
- Others