- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
- And other required documents
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Categories
Benefits
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The highest interest rate;
-
You can make deposits and withdrawals;
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Receive interest on a monthly basis;
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You can manage your account by the Transbank application;
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Terms and conditions
| Flexible term deposit |
Conditions |
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| Currency |
MNT |
USD | JPY | |
| Terms |
3 months |
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| Nominal interest rate | 0 – 99,999,999 MNT and equivalent currency |
8.0% |
2.0% |
1.5% |
| 100,000,000 – 499,999,999 MNT and equivalent currency |
9.0% |
2.25% |
1.75% |
|
| More than 500,000,000 MNT or equivalent currency |
10.0% |
2.5% |
2.0% |
|
| Effective interest rate | 0 – 99,999,999 MNT and equivalent currency |
8.30% |
2.02% |
1.51% |
| 100,000,000 – 499,999,999 MNT and equivalent currency |
9.38% |
2.27% |
1.76% |
|
| More than 500,000,000 MNT or equivalent currency |
10.47% |
2.53% |
2.02% |
|
| Minimum balance |
10,000 MNT |
10 USD |
1,000 JPY |
|
| Interest payment |
Monthly |
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| Withdrawal |
Allowed |
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| Deposit |
Allowed |
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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.
- 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;
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Advantages
- Professional investment analyst and experienced team
- Long-term secure partnerships
- Up-to-date market news
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Services
Initial public offering:
- Stocks
- Bonds
Private placement /Over-the-counter market/:
- Stocks
- Bonds
Issuing additional shares
Issuing asset-backed securities
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Track record
- In May 2020, we served as a co-underwriter for the initial public offering (IPO) of Bodi Insurance JSC.
- In December 2022, we served as a co-underwriter for the over-the-counter issuance of bonds by Tavan Bogd Finance NBFI.
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Loan amount |
Up to 30 million/The maximum loan amount should not exceed 60% of the average of the last 6 months sales/ |
|
Loan interest /monthly/
|
1.60%-1.80% |
|
Loan interest /annual/ |
19.20%-21.60% |
| Loan term |
Up to 12 months |
|
Loan service fee |
0% |
|
Commitment interest
|
2.8% |
| Credit reference fee |
For each inquiry during loan application (Citizen, Organization) – 1,000 MNT |
Actual cost /annual/:19.3%-21.7%
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Requirements
- Be a self-employed woman entrepreneur;
- Be the owner of the Gerege POS device and Transbank POS device, and the contract for using the device during the loan period is valid;
- Experience of continuous business for the last 6 months, business income received at least in the last 6 months through current account in TransBank;
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Having no overdue or non-performing loan balances in other banks and NBFI;
- The loan applicant’s debt to total income ratio should be 60%
- Loan application;
- A copy of the registration certificate issued by the State Registration authorities and Company charter;
- Identity card;
- Other banks and financial institutions loan contract, loan accounts statement;
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Collateral documents and guarantee agreements (if applicable);
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Special licenses, business plans and other documents related to business activities;