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Credit line

Terms and conditions

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

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

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

Fee for making changes to the original loan terms

0%

Application Fee

30,000 MNT

Credit database reference fee

For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.68%-24.50%

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Requirements

  • Last 12 months continuous business experience;
  • Good credit history;
  • Qualify for collateral
  •  Other requirements set by the bank

 

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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
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Executive management team

Erdenebayar Batchuluun

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 2011, 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.

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Executive management team

Erkhembayar Baltsukh

B. Erkhembayar has been appointed as the Deputy Executive Director of the Transport Development Bank since April 2021. He has 24 years of experience in the banking and finance industry. He started his career as an economist at the People’s Bank in 1994, then became an Accountant and Fund Manager at Kuranda Assistant in Sweden. In 2020, he worked as the director of the Department of Communications, and in 2020, he worked as a foreign relations advisor to the Chairman of the Board of Directors. B. Erhembayar graduated from the School of Economics of MUSU in 1994 with a Bachelor’s degree in Banking and Finance, and in 2002 from Stockholm University, Sweden, with a Master’s degree in Economics.

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Executive management team

Munkhjargal Enkhbat

Munkhjargal Enkhbat serves as a VP & Chief Private Banking officer at the TransBank since July 2021.

With over 10 years of experience risk management, governance, funding in the banking and financial sector, her career path has started as market risk analyst at “Chingis Khan” bank since 2009, Director of Risk management division since 2013 and Chief risk officer at “Capitron” Bank since 2017.

Munkhjargal graduated from the School of Mathematics and Computer Science, the National University of Mongolia with a Bachelor’s degree in mathematical modeling of economics and holds a master of mathematical modeling of economics from School of Applied science and engineering, the National University of Mongolia, an MSc in Banking and Finance from the University of Luxembourg. During her tenure at the depositary control department at UBS Bank, Luxembourg, she successfully completed Executive Program at New York University, USA.

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Executive management team

Tuvshinjargal Norolkhoo

Tuvshinjargal has been appointed as the Chief Operations Officer at Transport and Development Bank since August 30, 2024.

He graduated from the National University of Mongolia in 2000 with a degree in Finance and Economics, and in 2003, he obtained a Master’s degree in Business Administration.

Tuvshinjargal has over 20 years of experience in the banking and finance sectors, having worked in various roles, including as an Internal Auditor, Senior Internal Auditor, Senior Specialist at the Branch Management Department, Relationship Manager at the Corporate Banking Department, Business Consultant at the Business Incubator Center, Branch Director, Director of the Risk Management Department, Head of the Credit Policy and Regulation Department, Deputy Director in charge of Risk, Director of Operations, Director of Property Relations, Director of the Retail Bank in the area of Ulaanbaatar, Director of Small and Medium Business Banking, and since 2022, as the CEO and Project Consultant at NTEM Holding LLC.

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Executive management team

Byambadelger Sandag-Ochir

S. Byambadelger has been appointed as the Business Development Director of the Transport Development Bank since September 19, 2024. S. Byambadelger started his career at King Bank in 2010 and worked as an Investment Banking Specialist, Risk Specialist, and Senior Risk Specialist at the bank, and at Schroders Investment Fund of the Kingdom of Luxembourg. In 2018, he was appointed as the Director of the Market Risk Department and the Director of the Risk Management Department at the Transport Development Bank. S. Byambadelger graduated from the University of Mongolia in 2006-2010 with a bachelor’s degree in Business Administration in Economics and Statistics, and received a Master’s degree in Banking and Finance from the University of Luxembourg in 2014-2016. He is a professional official who has been working in the field of banking, risk management and investment for the 12th year.

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Executive management team

Tuulmaa Vanchindorj

V. Tuulmaa has been working as the Director of Risk Management of the Transport Development Bank since August 2021. An experienced banker who has been working in the banking and financial sector since 1996, and during his tenure under the Ministry of Finance, he worked as an accountant, loan officer, supervisor, employee, and acting head of department at the Bank’s Debt Settlement Office, as a credit control specialist and senior officer at Zoos Bank, and at the Small and Medium Business Credit Department. Director, Director of the Corporate Banking Department, Senior Officer of the Risk Management Department of the State Bank, Senior Project Officer at the Corporate Banking Department, In National Investment Bank, he was appointed as Director of Credit Department, Director of Risk Management Department, Director of Business Management Department, Director of Electronic Banking Center, Director of Risk Management Department, Director of Credit Department, and Director of Corporate Banking Department in Credit Bank in 2016-2021. In 1995, he received a bachelor’s degree in banking and credit economics and finance from the Institute of Finance and Economics, in 2004 he received a bachelor’s degree in law from the Institute of Law of the University of Mongolia, and in 2009 he received a master’s degree in business management from the Academy of Management.

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Executive management team

Enkhbat Ganbat

Enkhbat has been appointed as the Chief Information Technology Officer at Transport and Development Bank since September 2023.
He graduated with a Bachelor’s degree in Software Engineering from the School of Mathematics and Computer Science at the National University of Mongolia in 2005.
With 18 years of experience in the information technology sector of the banking and finance industry, he began his career in 2005 at Trade and Development Bank as a System Administrator. He later held the positions of Senior specialist in 2011, Director of the Core Systems Department in 2012, and Director of the Information Technology Department in 2021.