Before and after the shipment:
|
Trade credit line |
MNT | USD | EUR | CNY | JPY |
| Loan amount |
Determined depending on business scale, capital, financial ability and trade turnover. |
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|
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% |
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|
Loan term |
up to 60 months | ||||
| Fee of change to Credit Line Agreements |
0% |
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|
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 |
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|
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 |
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|
Loan interest /annual/ |
Source cost + 2.0%-4.0% | ||||
| Loan term |
Up to 60 months |
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|
Service fee |
0% | ||||
| Application fee |
30,000 MNT |
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|
Prepayment fee (full or partial)
|
According to the terms and conditions of the foreign bank
|
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|
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 |
|
Credit line |
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 capacity |
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|
Loan interest /month/ |
1.6%-2.0% | 1.1%-1.5% | 0.85%-1.2% | 0.85%-1.2% |
0.85%-1.2% |
| Loan interest /annual/ | 19.2%-24.0% | 13.2%-18.0% | 10.2%-14.4% | 10.2%-14.4% |
10.2%-14.4% |
|
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 |
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|
Service fee |
1% of the loan amount or the maximum amount is 3,000,000 MNT | 0.5% of the loan amount or the maximum amount is 3,000,000 MNT equivalent in USD, EUR, CNY and JPY | |||
| Penalty interest |
20% of the base interest rate |
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|
Fee for making changes to the original loan terms |
0% |
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| Application Fee |
30,000 MNT |
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| Credit database reference fee |
For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT |
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Actual cost /annual/: 19.7%-24.5%