Category: Organization

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;

Working capital loan	MNT	USD	EUR	CNY	JPY
Maximum loan amount	The maximum loan amount will be determined depending on the business scope, assets, and financial capacity
Loan interest /month/	2.0%-1.6%	1.5%-1.1%	1.2%-0.85%	1.2%-0.85%	1.2%-0.85%
Loan interest /annual/	24.0%-19.2%	18.0%-13.2%	14.4%-10.2%	14.4%-10.2%	14.4%-10.2%
Term of loan	Up to 36 months
Service fee	1% of the loan amount or the maximum amount is 1,500,000 MNT	0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Fee for changes to the original loan terms	0%
Grace period for principal repayment	Up to 12 months
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.6%-24.4%

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;

Terms and conditions
Account currency	XAU – Gold
Annual interest rate	0.0%
Minimum balance requirement	–

Customer application form; /download here/
Official letter /Request to open an account/
A copy of the registration certificate issued by the State Registration authorities;
Company charter;
Authorized signature, stamp /must be authorized by notary/ /download here/
Authorized person’s documents such as identification card;

Available in ten (10) major currencies, including MNT, USD, EUR, CNY, JPY, RUB, KRW, GBP, SGD, HKD;
Instantly carry out various types of cash and non-cash transactions;
Foreign exchange services;
Order domestic or international debit cards linked to your account;

Terms	MNT	USD	EUR	CNY	JPY	RUB	KRW	GBP	SGD	HKD
Annual interest rate	3.0%*	1.2%*	1.2%*	1.2%*	1.2%*	–	–	–	–	–
Conditions for payment of interest	Monthly
Minimum balance requirement	5,000	5	5	35	500	100	5,000	5	1	3
Account closure fee	5,000	Foreign currency equivalent to 5,000 MNT
* is the maximum rate of the interest rate on the product