Categories
Tourism development support loan

Terms and conditions

ConditionMNT
Maximum loan amountThe maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity.
Term of loanUp to 72 months
Loan interest /annual/6%
Service fee1% of the loan amount or the maximum amount is 3,000,000 MNT
Penalty interest20% higher than the regular interest rate
CollateralRegulated in accordance with the bank’s internal policies and procedures.
Fee for changes to the original loan terms0%
Application Fee30,000 MNT
Grace period for principal repaymentUp to 12 months
OtherMovable and immovable assets acquired through loan financing shall be insured.
Description: An investment loan designed to support enterprises in developing year-round tourism and expanding tourism infrastructure.

Actual cost /annual/: 7.9%

Categories
Tourism development support loan

Requirements

  • The applicant must be a business entity operating within Mongolia under the relevant project scope;
  • Must meet the bank’s required financial ratio standards;
  • Must have collateral that meets the bank’s requirements;
  • Must have no history of non-performing loans with banks or non-bank financial institutions, and no outstanding overdue loan balances;
  • Others;
Categories
Tourism development support loan

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