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Requirements for Collateralized Gold Bullion

Gold bars with proof of gold or silver specimens tested by an Accredited Precious Metals Specimens Laboratory (ACM)
A gold deposit report should be issued, and the report should have a sample report indicating the amount of gold content.
Unassigned gold bullion with certificate of melting of precious metal ordered to be assayed by an accredited precious metal assay laboratory.

Loan application letter
Authorization to pledge gold by an authorized official of the company
A copy of the certificate and charter must be certified by a notary
Borrower’s approval
Resume of an enterprise, director, and financial officer
Power of attorney given to the bank employee that the test results can be received

Investment loan	MNT	USD	EUR	CNY	JPY
Maximum loan amount	The maximum loan amount will be determined depending on the size of the business, capital and financial ability. At least 30% of the total investment amount shall be financed by the borrower himself.
Loan interest /month/	2.0%-1.6%	1.5%-1.1%	1.2%-0.85%	1.2%-0.85%	1.2%-0.85%
Loan interest /annual/	24.0%-19.2%	18.0%-13.2%	14.4%-10.2%	14.4%-10.2%	14.4%-10.2%
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%
Period of exemption from principal	Up to 12 months
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Loan application letter;
Loan application /from Bank/;
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 identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
Special licenses, business plans and other documents related to business activities;
References /in the name of Organization and major shareholders/;
Other Required documents;

Current asset loan	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%-1.6%	1.5%-1.1%	1.2%-0.85%	1.2%-0.85%	1.2%-0.85%
Loan interest /annual/	24.0%-19.2%	18.0%-13.2%	14.4%-10.2%	14.4%-10.2%	14.4%-10.2%
Term of loan	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%
Period of exemption from principal	Up to 12 months
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Loan application letter;
Loan application /from Bank/;
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 identity card of the person authorized to sign the loan agreement / founders, general director, executive director, etc., borrower’s resume;
Special licenses, business plans and other documents related to business activities;
;References /in the name of Organization and major shareholders/
Other Required documents;

Competitive interest rates;
No restrictions for deposit transactions;
Use as collateral for deposit-backed loans with a low interest rate;
Earn your interest income quarterly for term deposits with 12 to 24 month maturities;
Access and manage your account by using our online banking service