transbank – Page 11 – Just another WordPress site

Terms and conditions

Green Loan	MNT	USD	EUR
Maximum Loan Amount	The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly)	1.4%- 2.0%	1.1% – 1.5%	1.1% – 1.5%
Interest Rate (annual)	16.8%-24.0%	13.2%- 18.0%	13.2%- 18.0%
Loan Term	Up to 120 months
Loan Disbursement Fee	1% of the disbursed loan amount, with a maximum of MNT 1,500,000	0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR
Additional Interest	Additional interest is equal to 20% of the base interest rate
Fee for Changes to Initial Loan Terms	0%
Grace Period for Principal Repayment	Up to 24 months
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost: 17.3%-24.5%

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 for the organization and its major shareholders;
Other Required documents;

Flexible loan terms and grace periods, with the option to disburse in three different currencies;
Customers can modify their business model under the loan, allowing them to shift to a more resource-efficient, environmentally sustainable, and green business approach.

Green Loan	MNT	USD	EUR
Maximum Loan Amount	The maximum loan amount will be determined based on the business scope, assets, and financial capacity.
Interest Rate (monthly)	1.4%- 2.0%	1.1% – 1.5%	1.1% – 1.5%
Interest Rate (annual)	16.8%-24.0%	13.2%- 18.0%	13.2%- 18.0%
Loan Term	Up to 120 months
Loan Disbursement Fee	1% of the disbursed loan amount, with a maximum of MNT 1,500,000	0.5% of the disbursed loan amount, with a maximum of 1,500 USD or the equivalent in EUR
Additional Interest	Additional interest is equal to 20% of the base interest rate
Fee for Changes to Initial Loan Terms	0%
Grace Period for Principal Repayment	Up to 24 months
Credit reference fee	For each inquiry during loan application (Citizen, Organization) – 1,000 MNT

Actual cost: 17.3%-24.5%

Experience in continuous business activity for the last 12 months, for a newly started business, continuous activity for the last 6 months;
Obtaining a special license to operate from the relevant authority;
Financial statements must be certified by the Tax Office;
No poor quality loan balances;
Have collateral that meets the Bank’s requirements;

Loan application letter;
Loan application form /bank template/
Presentation of business activities;
A copy of the registration certificate issued by the State Registration Authorities;
Financial statements certified by audit and tax authorities /last 1-3 years/;
Special licenses, business plans and other documents related to business activities
Other Required documents

Conditions
Maximum Loan Amount	The combined amount of the loan and interest will not exceed the balance of the savings
Loan interest /annual/	Annual deposit interest rate + 6%
Loan currency	MNT
Loan Term	The loan term is equal to the maturity date of the deposit
Loan disbursement fee	0%
Fee for changes to original loan conditions	0%
Application Fee	0 MNT

Actual cost: Annual interest of deposit +6%

Loan application form (bank template);
Identity card;
If the loan is applied for under a power of attorney, the document must explicitly state the authority to obtain the loan;