- Experience in continuous business over the past 12 months;
- Qualify for collateral (immovable and movable assets);
- Other requirements of the bank.
Categories
- Loan application letter;
- Loan application /from Bank/;
- A copy of the certificate and charter must be certified by a notary;
- Financial report certified by audit and tax office /last 1-3 years/;
-
Collateral information, related documents;
- Other documents;
| Conditions | MNT |
|
Maximum loan amount
|
The amount of the loan does not exceed 18 percent of the Bank’s equity, and the financing does not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining enterprise. |
|
Loan interest /month/
|
1% |
|
Loan interest /annual/
|
12% (+3%) |
|
Term of loan
|
Up to 24 months
|
| Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT
|
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
| Benefits of Changes to the Original Loan Term |
0% |
|
Period of exemption from principal
|
The Credit Committee will decide and may stay for a period determined by the Bank of Mongolia
|
| Application Fee |
30,000 MNT |
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
- Requirements for gold-long-term financing loan applicants: Funding should not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining company’s licensed area;
-
The participating gold mining enterprise will use the loan for investment purposes; Participating gold mining enterprise must fully accept the terms of purchasing mined gold from the Bank of Mongolia during the financing period, and will pay in MNT according to the loan repayment schedule;
-
The debt of the reclassified loan in the name of the ownership of the company is unpaid;
-
The borrower must have enough cash flow to pay the loan and interest obligations and have qualified collateral.
Categories
Benefits
- Flexible and favorable conditions
Categories
Terms and conditions
|
Credit line |
MNT | USD | EUR | CNY | JPY |
| Maximum loan amount |
The maximum loan amount will be determined depending business, capital and financial ability |
||||
|
Loan interest /month/ |
2.0%-1.60% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
| Loan interest /annual/ | 24.0%-19.20% | 18.0%-13.20% | 14.4%-10.20% | 14.4%-10.20% |
10.8%-10.20% |
|
Commitment interest /annual/
|
2.80%-4.2% | 2.0%-3.60% | 1.50%-3.0% | ||
| Term of loan | Up to 60 months |
Up to 36 months |
|||
|
Service fee |
1% of the loan amount or the maximum amount is 1,500,000 MNT | 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY | |||
| Increased interest |
The increased interest rate is equal to 20% of the principal interest rate |
||||
|
Benefits of Changes to the Original Loan Term |
0% |
||||
| Application Fee |
30,000 MNT |
||||
| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
||||
Categories
Requirements
- Last 12 months continuous business experience;
- Good credit history;
- Qualify for collateral
- Other requirements set by the bank
Categories
Eligibility or required documents
- Loan application letter. /Required loan amount, interest rate, term, collateral/
- Loan application /Bank form/
- 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 the identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc.,
- Special licenses, business plans and other documents related to business activities
- Details of financial statement figures as at the end of the last year. It includes: List of accounts receivable, List of current assets, Detailed list of fixed assets, Detailed list of payables and liabilities, Sales breakdown, unit cost of products, balance sheet of the last 1 year,
- Certificate of real estate to be mortgaged, /if the mortgaged property is in the name of another organization, a copy of the company’s certificate and charter, decision or resolution allowing the mortgage/
- List of vehicles and equipment to be pledged, certificates
-
Other necessary additional materials
Categories
B.Erdenebayar
B. Erdenebayar has been appointed as the Executive Director of the Transport Development Bank since August 26, 2024. He has 17 years of experience working in the banking and financial sector. He started his career at Khas Bank as a financial analyst in 2008. In 2012, he became the Director of the Financial Management Department of Khas Bank. Executive Director of Transport Development Bank from December 2020, October 2023 He was promoted and appointed to the position of Chairman of the Board of Directors of the Transport Development Bank. In 2008, he graduated with a Bachelor of Business Administration degree in Financial Management from the School of Economics of MU, and in 2017, he graduated with a Master’s degree in Banking and Finance from the University of Luxembourg. While working at the Schroders investment fund in the Kingdom of Luxembourg, he participated in the Management Program of New York University and passed the two exams of the International Certified Financial Analyst (CFA) program and the first level of the Certified Risk Manager (FRM), respectively, in that field. professional development.
Categories
A.Sandagsuren
A. Sandagsuren has been appointed as the Deputy Executive Director of the Transport Development Bank since August 23, 2021. He is an experienced banker who has been working in the banking industry since 2005. He is a credit economist, risk economist, head of the clearinghouse at Zoos Bank, director of the branch at State Bank, director of the corporate relations department, director of the business development department at Chinggis Khan Bank, and the First Vice President at Credit Bank in 2019-2021. worked as director, acting CEO, and deputy CEO. In 1995-2001, he received his general education at the 11th secondary school with in-depth study of Physics and Mathematics in Ulaanbaatar. In 2008, he successfully defended his master’s degree in international business management from the University of Central Queensland, Australia. He has a total of 17 years of experience in banking, risk management, and investment.