Categories
Investment Loan

Terms and conditions

Investment loan MNT USD EUR CNY JPY
Maximum loan amount The maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity. At least 30% of the total investment amount shall be financed by the borrower with own funds.
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%
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
Penalty interest

20% higher than the regular interest rate
Fee for changes to the original loan terms

0%
Grace period for principal repayment
  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

Actual cost /annual/: 19.7%-24.5%

Categories
Investment Loan

Requirements

  • Last 12 months continuous business experience;
  • Qualify for collateral;
  • Other requirements from the bank;
  • Have collateral that meets the Bank’s requirements;
Categories
Investment Loan

Eligibility or required documents

  • 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;

Categories
Working capital loan

Terms and conditions

Working capital loan MNT USD EUR CNY JPY
Maximum loan amount The maximum loan amount will be determined depending on the business scope, assets, and financial capacity
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
Fee for changes to the original loan terms

0%
Grace period for principal repayment
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

Actual cost /annual/: 19.6%-24.4%

Categories
Working capital loan

Requirements

  • Last 12 months continuous business experience;
  • Qualify for collateral
  • Other requirements from the bank.
  • Have collateral that meets the Bank’s requirements
Categories
Working capital loan

Eligibility or required documents

  • 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;
Categories
Regular term deposit

Benefits

  • 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
Categories
Regular term deposit

Terms and conditions

Terms

MNT

USD

EUR

CNY

JPY

Duration

Annual interest rate

1 month

 up to 10.50%

2.20%

1.20%

1.20%

1.20%

2 months

up to 10.50%

2.50%

1.20%

1.20%

1.20%

3 – 6 months

11.00%

4.00%

3.60%

4.50%

3.30%

7 – 9 months

11.50%

4.00%

3.60%

4.50%

3.30%

10 – 11 months

12.00%

4.00%

3.60%

4.50%

3.30%

12 months

Nominal interest rate

14.00%

4.00%

3.60%

4.50%

3.30%

Effective interest rate

14.75%

4.06%

3.65%

4.58%

3.34%

13 – 18 months

Nominal interest rate

14.00%

5.00%

3.60%

4.50%

3.30%

Effective interest rate

14.75%

5.09%

3.65%

4.58%

3.34%

19 – 24 months

Nominal interest rate

14.00%

5.50%

–

–

–

Effective interest rate

14.75%

5.61%

–

–

–

Early termination interest rate

2.4%-4.8%

1.2%

0.6%

0.6%

0.6%

Minimum balance requirement

10,000 MNT

10 USD

10 EUR

100 CNY

1,000 JPY

Interest payment conditions

  • Savings with a maturity of 1 to 11 months;

  • 12-24 month deposits will be given quarterly interest;

Withdrawal conditions

  • At the end of every 3 months for 12-month deposits;

  • For deposits with a term of 13 to 24 months, you are allowed to make one withdrawal during a 7-day calendar period at the end of every 6 months.
  • 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.
  • For clients with a stable financial relationship or of strategic importance, the interest rate and other terms of the deposit may be adjusted with the approval of the CEO
Categories
Regular term deposit

Eligibility or required documents

  • 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;
Categories
Current account for Gold

Benefits

  • Placing your physical gold termless;
  • Secure and safe custodian service;
  • No charge fees for withdrawal and transaction;