Category: Organization

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

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 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
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;

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