• 1 passport-sized photo
• Account statement /last 6 months/;
• Inventory information;
• If you have a loan balance with other banks and NBFIs, loan agreement and loan account statement;
• Other required documents, if necessary.
Categories
Benefits
- Does not require collateral (no immovable property nor automobile is required)
- Prompt solution in short period of time.
- No loan application fee.
| Terms and Conditions | Loan for Women-owned Micro Businesses |
| Loan amount | MNT 30 million
/6 months when setting the maximum loan amount 60% of average sales revenue/
|
| Loan term | Up to 12 months |
| Interest rate /monthly/ | 1.60%-1.80% |
| Interest rate /annual/ | 19.20%-21.60% |
| Loan application fee | MNT 0 |
| Commitment fee /annual/ | 2.8% |
* Effective percentage rate /annual/: MNT 19.81%-21.61%
Individuals shall be a female entrepreneur;
The legal entity shall meet one of the following requirements:
• More than 51% of the company’s shares are owned by female shareholders;
• To have a female CEO or General Director;
• At least 50% of all employees are women /Legal entity shall be led by a female entrepreneur/
Evidence of running the business in the last 12 months and continuing to pursue it as a going concern and TransBank POS device shall be used for at least 6 months.
• 1 passport-sized photo
• Account statement /last 6 months/;
• Inventory information;
• If you have a loan balance with other banks and NBFIs, loan agreement and loan account statement;
• Other required documents, if necessary.
Categories
Sustainable Finance Policy
Transport and Development Bank JSC implements Environmental and Social (E&S) policy in its internal operations, and provides evaluations regarding the environmental and social impacts of its borrowers’ businesses. The Bank further supports its customers’ business activities in improving their environmental and social practices, beyond mitigating the environmental and social impacts of borrowers, by providing financial resources to support sustainable business operations and financial stability.
The Bank operates within the framework of the 8 principles of the Mongolian Sustainable Finance Program (ToC), implements integrated approaches to relevant activities, implementing them in stages and facilitating the implementation of related programs in accordance with the guidelines outlined in the policy. These principles serve as a control mechanism in the Bank’s business and internal operations.
The Bank conducts the environmental and social impact assessments of the borrowers and incorporates these considerations into its loan approval decision-making process. Loan applications are evaluated based on their environmental and social risk factors. The Bank does not provide financing for activities that are in the “Excluded Activities” and “Precautionary Activities“ as outlined in the Sustainable Finance Program of Mongolia.
The Bank operates in accordance with laws, regulations, and other relevant legal provisions concerning environmental protection and public policy in Mongolia. In addition to complying with domestic laws, the Bank also adheres to international agreements and protocols through bilateral and multilateral agreements. It implements its own policies and guidelines to ensure compliance with the environmental and social standards in its operations and financial activities. These policies and guidelines include:
- IFC 8 Performance Standards;
- 8 principles of the Mongolian Sustainable Finance Program (ToC);
- Green Investment Principles for the Belt and Road Initiative.
Click here to get further information about Environmental and Social policy of the Bank.
This loan is for TransBank’s POS merchant individuals and business entities with no requirements of fixed collateral.
Categories
2023 оны 7-р сар
Нидерланд улсад төвтэй Нүүрстөрөгчийн Нягтлан Бодох Бүртгэлийн Санхүүгийн Түншлэлд (PCAF)-д гишүүнээр нэгдлээ.
Categories
Advantages
- The organization opens an account for the employee, earns regular income, and the employee has the right to dispose of it with the permission of the organization;
- It is possible to determine the amount of income at the request of employees and organizations;
- If the employee cancels the deposit before the end of the term, with the permission of the organization, the accrued interest can be paid in full, excluding the interest for late payment.
- No account closing fees.
Categories
Terms and conditions
|
Employer’s Incentive Savings |
Conditions |
|||
|
Account currency |
MNT, USD |
|||
|
Terms |
12 months |
24 months |
36 months |
|
|
Annual interest rate |
MNT |
13.50% |
14.00% |
14.00% |
|
14.37% |
14.93% |
14.93% |
||
|
USD |
4.00% |
5.00% |
5.50% |
|
|
4.07% |
5.12% |
5.64% |
||
|
Effective rate |
MNT |
14.40% |
14.90% |
14.90% |
|
USD |
4.07% |
5.10% |
5.60% |
|
|
Interest rate upon early termination of contract |
– |
|||
|
A fixed monthly income for the employer |
1% of basic salary – …% /Decided within the framework of the organization’s policy./ |
|||
|
A fixed monthly income for the employee |
1% of basic salary – …% /Decided within the framework of the organization’s policy./ |
|||
|
The percentage of earnings returned to the employee from the savings contributed by the employer at the time of termination of the savings |
Decided within the framework of the organization’s policy. |
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|
Deposit condition |
Possible |
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|
Withdrawal condition |
End of the term |
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|
Interest capitalization |
Monthly |
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Customers are advised to pay attention to the following points in order to prevent possible risks of electronic fraud, not to lose their personal information to others, to protect the funds in their accounts, and to ensure their safety.
Do not share your personal information:
- Do not give your personal information such as registration number, surname, phone number, e-mail address, etc. by trusting fake social accounts;
- Do not share your financial information, such as account numbers, Internet banking logins, or passwords.
Preventing e-fraud:
- Do not give your personal information such as registration number, surname, phone number, e-mail address, etc. by trusting fake social accounts;
- Do not share your financial information, such as account numbers, Internet banking logins, or passwords.
Preventing e-fraud:
- Do not respond to posts and comments related to loans and lotteries and grants, and do not transfer money via chat messengers;
- Beware of network scams that promise high profits and incentives, and do not transfer money that is claimed in the name of fees, payments, or proofs;
- Posting your personal and financial information such as account number, phone number, e-mail address, etc. in the Internet environment, there is a high risk of fraudulent transactions and fraud crimes using your information;
- Refuse under any circumstances to ask for your Internet banking login name, password, account number, etc., because of the high risk of fraudulent transactions and fraud;
- Do not share fake posts and news with the intention of deceiving others on the Internet;
- Social accounts should be thoroughly checked for fakes, and reports should be made in case of fakes.
- Get information related to loans and other banking services only from the bank’s official pages, websites, branches, and clearing centers;
- The Bank never asks for or updates customer information by e-mail, telephone, or online;
If you are at risk:
- If you have lost or suffered damage due to online fraud, immediately contact the police station and the 77169999 reference center, or report it in person to the nearest branch;
- In case of losing your payment card, report it to the inquiry center at 77169999 or report it in person at the nearest branch.
Dear customer, please protect your personal information in the online environment and prevent yourself and others from being exposed to cybercrime.
- Offers loans up to 85% of your convertible term deposit, which is the highest percent of potential loan amount;
- No service fee.
| Conditions | Floating interest savings collateralized loan | |
| Loan amount | The total amount of loan and interest does not exceed 90% of the term deposit | |
| Loan interest rate /annual/ | Loan at branches: | |
| More than MNT 1 billion
/term deposit amount/ |
Annual interest rate of term deposit +4% | |
| MNT 500,000,001 – MNT 1 billion
/term deposit amount/ |
Annual interest rate of term deposit +5% | |
| Up to MNT 500,000,000
/term deposit amount/ |
Annual interest rate of term deposit +6% | |
| Currency of loan | MNT | |
| Term | Determined by maturity date of term deposit | |
| When there is a change in the deposit interest rate | Loan interest rates are subject to change | |
| Service fee | – | |
| Fee for changing the original loan terms | – | |
| Loan application fee | – | |
The TranspBank has been recognized as one of the TOP-100 Enterprises, which is awarded to the best enterprises that contribute to the social and economic development of the country in cooperation with the Government of Mongolia and the Ministry of Education and Culture.
The “TOP-100 Enterprises” were selected based on the basic parameters of the enterprise, such as annual income, taxes contributed to the state budget, number of employees who paid social insurance, profit, and assets.
One of Mongolia’s oldest commercial banks, the TransBank was founded in 1997, and now in its 26th year, it has been providing financial services in a professional, reliable and fast manner.
In addition to always being an innovator in our industry and being a reliable financial partner bank that values shared value, we also value customer-centered services that meet every need of our customers through international standards Private banking services, international banking and financial leading experience, and modern advanced technology. We focus on clear and stable operations.
The bank’s financial performance is growing rapidly year by year, and its position in the banking system is expanding.
In anticipation of the International Children’s Rights Day, our dear customer has launched an incentive program for the “Altan Zoos” children’s savings account, which will lead your beloved children to a bright future, until 05.15-06.09, 2023.
During the incentive program, “Golden coin” will give a bonus of 10,000 MNT to each customer who increases their income by more than 50,000 MNT in their child’s savings account and opens a new savings account.
General product conditions
| TERMS | ANNUAL INTEREST RATES | INTEREST RATE UPON EARLY TERMINATION OF CONTRACT /ANNUAL/ | MINIMUM DEPOSIT | |
| MNT | Golden coin | 13.50% | 4.80% | 10,000 |
CLICK HERE for product details.
Please visit our branch units near you and participate in the promotion.