Categories
Monthly Interest Deposit

Terms and conditions

Account currency

MNT

USD

Term of deposit

Nominal interest rate

Effective interest rate

Nominal interest rate

Effective interest rate

3 – 6 months

11.3%

11.9%

3.8%

3.87%

7 – 12 months

12.5%

13.24%

3.8%

3.87%

Interest payment on early termination

2.4%

0.6%

Minimum balance

1,000,000 MNT

1,000 USD

Interest payment conditions

Every month

Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.

Categories
Monthly Interest Deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy of the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Incentive 6 months deposit

Benefits

  • Highest interest rates;
  • Deposit account that allows monthly withdrawals;
  • Additional deposits allowed anytime;
Categories
Incentive 6 months deposit

Terms and conditions

Terms

6 months

Currency

MNT

Annual Interest

14%

Interest payment on early termination

2.4%

Minimum balance

10,000 MNT

Interest payment conditions

End of the period

Additional deposits

Allowed

Withdrawal condition

Monthly
Categories
Incentive 6 months deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Currency-Hedged Deposit

Benefits

  • High interest return in a shorter period of time;
  • Currency exchange rate risk can be hedged as the deposit is converted;
  • Take low-interest deposit collateralized loan;
Categories
Currency-Hedged Deposit

Terms and conditions

Hedged

Conditions

Account currency

MNT

Term of deposit

6 months

12 months

Annual Interest

6.0%

7.0%

Early termination interest rate

2.0% /annual interest/

Minimum balance

1,000,000,000 MNT

Interest payment conditions

At the end of the period
Continue reading “Terms and conditions”
Categories
Green Project Loan SME business loan

The product offers the following advantages

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

Terms and conditions

Green Project 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) 2.0%- 1.6% 1.5% – 1.1% 1.5%-1.1%
Interest Rate (annual) 24.0%-19.2% 18.0%- 13.2% 18.0%-13.2%
Loan Term Up to 60 months Up to 36 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 12-24 months

Actual cost /annual/: 19.7%-24.5%

Categories
Green Project Loan SME business loan

Requirements

  • The loan applicant must have provided up to 30% of the required total investment with his own funds;
  • 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;