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Requirements

An enterprise operating in the territory of Mongolia;
The period of business activity is more than 1 year;
The collateral must meet the bank’s requirements;
As a legal entity, the shareholder has not changed since the issuance of the Government Resolution, February 17, 2021;
Must be registered as a registered taxpayer or exempt from value-added tax;
In the case of a loan secured by with insufficient mortgages, meet the requirements specified in sections 4.1.1 and 7.1 of the Law on the Support of Small and Medium Enterprises and Services;
Other requirements
Other requirements set by the bank in accordance with the implementation of this agreement within the framework of credit operation procedures and instructions.

Business profile / company introduction;
Special license to operate;
The original copy of the identity card, if it is not possible to bring the original, a notarized copy and a photocopy of the last 6 months;
Proof of income and expenses;
Documents certifying the purpose of the loan and agreements concluded in connection therewith;
Documents confirming the credit history of the last 3 years, loan agreement and payment documents.
Additional materials required by the bank

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Set by the Bank of Mongolia, which provides repo financing sources;
As provided in Articles 4 and 5 of the Law on the Support of Small and Medium Enterprises and Services, citizens and industrial units with up to 200 employees and up to 2.5 billion annual sales revenues are eligible;
Non-mining exports, manufacturing, services*, wholesale or retail trade with 200 or more employees;

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Before and after the shipment:

The cost of resources includes the tax costs associated with the attraction of external resources, interest and non-interest costs, and the cost of mandatory reserves.

Trade credit line	MNT	USD	EUR	CNY	JPY
Loan amount	Determined depending on business scale, capital, financial ability and trade turnover.
Trade credit line opening service fee	1% of the credit line amount, up to 1,500,000 MNT	1% of the credit line amount, up to 1,000 USD	1% of the credit line amount, up to 1,000 EUR	1% of the credit line amount, up to 5,000 CNY	1% of the credit line amount, up to 5,000 JPY
Commitment interest (annual)	0%-2.0%
Loan term	up to 60 months
Fee of change to Credit Line Agreements	0%
Application fee	30,000 MNT	10 USD	10 EUR	100 CNY	1,000 JPY
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Conditions	MNT	USD	EUR	CNY	JPY
Loan amount	Within the scope of the trade credit line, it does not exceed the amount of trade contracts and agreements
Loan interest /annual/	Source cost + 2.0%-4.0%
Loan term	Up to 60 months
Service fee	0%
Application fee	30,000 MNT
Prepayment fee (full or partial)	According to the terms and conditions of the foreign bank
Credit database reference fee	For each / citizen, organization / – 1,000 MNT

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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 /annual/	(Policy Interest+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