Category: Organization

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
Prepayment fee (full or partial)	According to the terms and conditions of the foreign bank
Credit database reference fee	For each / citizen, organization / – 1,000 MNT

Credit line	MNT	USD	EUR	CNY	JPY
Maximum loan amount	The maximum loan amount will be determined depending on the size of the business, capital 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%
Commitment interest /annual/	2.80%-4.2%	2.0%-3.60%			1.50%-3.0%
Term of loan	Up to 60 months	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
Penalty interest	20% of the base interest rate
Fee for making changes to the original loan terms	0%
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.7%-24.5%

Loan application letter. /Required loan amount, interest rate, term, collateral/
Loan application /Bank form/
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 the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
Special licenses, business plans and other documents related to business activities
Details of financial statement figures as at the end of the last year. It includes: List of accounts receivable, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost of products, balance sheet of the last 1 year,
Certificate of real estate to be mortgaged, /if the mortgaged property is in the name of another organization, a copy of the company’s certificate and charter, decision or resolution allowing the mortgage/
List of vehicles and equipment to be pledged, certificates
Other necessary additional materials

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. At least 30% of the total investment amount shall be financed by the borrower with own funds.
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
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
Penalty interest	20% higher than the regular 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/: 19.7%-24.5%