In support of sustainable development and with the aim of mitigating the effects of climate change in Mongolia while protecting and increasing forest and water resources, TransBank has joined the national movement “One Billion Trees” for the fifth consecutive year as part of the annual spring tree planting campaign.
Within the framework of this initiative, which plays a crucial role in addressing climate change and its impacts, TransBank carried out maintenance and watering of trees previously planted in the International Eco Park located in Uliastai. In addition, over 20 new trees were planted during this year’s campaign.
During the event, TransBank was recognized for its consistent and active participation in the “One Billion Trees” national movement, its promotion of tree-planting culture, and its contribution to the expansion of green spaces. In acknowledgment of these efforts, the International Eco Park presented the bank with a certificate of appreciation.
We call on the public to unite in this vital cause of planting trees an invaluable investment in the planet and to ensure their proper care and cultivation, thereby contributing to the preservation of ecological balance.
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2024
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Terms and conditions
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Conditions |
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| Maximum loan amount |
Up to 2,000,000,000 MNT |
| Down Payment |
The down payment shall be 20% or more |
| Loan interest |
19.2% – 24.0% |
| Term of loan |
up to 120 months |
| Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT |
| Increased interest |
Equal to 20% of the loan interest |
| Fee for changes to the original loan terms |
Up to 1% of the loan balance / Maximum amount 1,000,000 MNT |
| Application Fee |
10,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
Actual cost: 19.48%-24.31%
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Requirements
- Worked in the organization for at least 1 year, in the case of self-employed, at least 1 year;
- No overdue or non-performing loans in other banks and financial institutions.
- Loan application form /bank template/
- Identity card
- Household reference issued by the local administration
- Receipt of down payment
- Other required documents
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Benefits
- 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.
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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. |
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| 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 |
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| 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 |
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| Additional Interest |
Additional interest is equal to 20% of the base interest rate |
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| Fee for Changes to Initial Loan Terms |
0% |
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| Grace Period for Principal Repayment |
Up to 24 months |
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| Credit reference fee |
For each inquiry during loan application (Citizen, Organization) – 1,000 MNT |
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Actual cost: 17.07%-24.31%
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Requirements
- Last 12 months continuous business experience.
- Must have collateral that meets the bank’s requirements.
- Other requirements from the bank.
- Loan application letter;
- Loan application /from Bank/;
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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/;
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A copy of the certificate and charter must be certified by a notary;
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Copy of identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
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Special licenses, business plans and other documents related to business activities;
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References for the organization and its major shareholders;
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Other Required documents;