Categories
Trade credit line and before, after shipment

Notes

Before and after the shipment:

  • The cost of resources includes the tax costs associated with the attraction of external resources, interest and non-interest costs, and the cost of mandatory reserves.
Categories
Trade credit line and before, after shipment

Terms and conditions

Trade credit line

MNT USD EUR CNY JPY
Loan amount

Determined depending on business scale, capital, financial ability and trade turnover.

Trade credit line opening service fee

Line 1% of amount or up to 1,500,000 MNT Line 1% of amount or up to 1,000 USD Line 1% of amount or up to 1,000 EUR Line 1% of amount or up to 5,000 CNY Line 1% of amount or up to 5,000 JPY
Commitment interest (annual)

0%-2.0%

Loan term

up to 60 months
Fee of change to Credit Line Agreements

0%

Application fee

30,00 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Categories
Trade credit line and before, after shipment

Before and after shipment loan conditions

Conditions

MNT USD EUR CNY JPY
Loan amount

Within the scope of the trade credit line, it does not exceed the amount of trade contracts and agreements

Loan interest /annual/

Source cost + 2.0%-4.0%
Loan term

Up to 60 months

Service fee

0%
Application fee

30,000 MNT

Fully and partly Payment Fees
The terms of the foreign bank
Credit database reference fee

For each / citizen, organization / – 1,000 MNT

Categories
Trade credit line and before, after shipment

Requirements

  • Experience in continuous business over the past 12 months;
  •  Qualify for collateral (immovable and movable assets);
  • Other requirements of the bank.
Categories
Trade credit line and before, after shipment

Eligibility or required documents

  • Loan application letter;
  • Loan application /from Bank/;
  • A copy of the certificate and charter must be certified by a notary;
  • Financial report certified by audit and tax office /last 1-3 years/;
  • Collateral information, related documents;
  • Other documents;