Category: Property secured loan

Property secured loan

Terms and conditions

Conditions	MNT	USD	EUR	CNY	JPY
Terms	Up to 120 months
Loan amount	Up to 75% of the total payment of the contract or up to a maximum of 20% of the equity, or an equivalent currency
Loan interest /month/	2.0%-1.6%	1.35%-1.0%	1.35%-1.0%	1.35%-1.0%	1.35%-1.0%
Loan interest /annual/	24.0%-19.2%	16.2%-12.0%	16.2%-12.0%	16.2%-12.0%	16.2%-12.0%
Application fee	30,000 MNT
Service fee	0.5% of the loan amount or a maximum of 1,500,000 MNT and equivalent currency
Other	Assets purchased on credit will be fully insured. Customer is responsible for insurance premiums.
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Property secured loan

Requirements

A financial lease includes physical property that does not lose its basic properties during use, such as facilities, equipment, and vehicles, and that belongs to a fixed asset;

Property secured loan

Eligibility or required documents

Post author By admin
Post date May 14, 2022
No Comments on Eligibility or required documents

Loan application letter;
Loan application /from Bank/;
Resolution of the Board of Directors/Shareholders’ Meeting/ on taking a loan. /The decision specifying the requested loan amount, interest rate, term, and collateral and appointing the person authorized to sign/;
A copy of the certificate and charter must be certified by a notary;
Copy of identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
Special licenses, business plans and other documents related to business activities;
References /in the name of Organization and major shareholders/;
Other Required documents;