Category: Organization

Benefits

To maintain the borrower’s employment, to provide the working capital necessary for the stability of the business, and to refinance loans from banks for the same purpose.

Conditions	Job support loans
Amount of loan	Up to 500,000,000 MNT
Loan interest /annual/	3%
Loan term /month/	Up to 36 months
Service fee	In the case of a new loan, it will not exceed 1 percent of the amount of the loan amount or 1,500,000 MNT
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Application Fee	30,000 MNT
Other	Other requirements and conditions of the Bank of Mongolia
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

An enterprise operating in the territory of Mongolia;
The period of business activity is more than 1 year;
The property from the bank must have met the requirements of the property;
As a legal entity, the shareholder has not changed since the issuance of the Government Resolution, February 17, 2021;
Must be registered as a registered taxpayer or exempt from increased cost tax;
In the case of a loan secured by with insufficient mortgages, meet the requirements specified in sections 4.1.1 and 7.1 of the Law on the Support of Small and Medium Enterprises and Services;
Other requirements
Other requirements set by the bank in accordance with the implementation of this agreement within the framework of credit operation procedures and instructions.

Business introduction;
Special license to operate;
The original copy of the identity card, if it is not possible to bring the original, a notarized copy and a photocopy of the last 6 months;
Proof of income and expenses;
Documents certifying the purpose of the loan and agreements concluded in connection therewith;
Documents confirming the credit history of the last 3 years, loan agreement and payment documents.
Additional materials required by the bank

Conditions	SME business loan – REPO /export/
Loan amount	Up to 3,000,000,000/Three billion/ MNT
Loan interest /annual/	10.50% / Repo trading interest rate + 4 percentage points does not exceed/
Loan interest /month/	Up to 2 years
Service fee	In the case of a new loan, it will not exceed 1% of the amount of the loan granted, or 1,500,000 MNT
Increased interest	Equal to 20% of the loan interest
Application fee	30,000 MNT
Period of Exemption from Basic Payments	At least 6 months
Other	Other requirements and conditions of the Bank of Mongolia
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT
*-According to the orders and decisions of the Bank of Mongolia, the terms of the products are subject to change from time to time.

Set by the Bank of Mongolia, which provides repo financing sources;
As provided in Articles 4 and 5 of the Law on the Support of Small and Medium Enterprises and Services, citizens and industrial units with up to 200 employees and up to 2.5 billion annual sales revenues are eligible;
Non-mining exports, manufacturing, services*, wholesale or retail trade with 200 or more employees;

Flexible and favorable 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

Loan after shipment	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