Terms and Conditions | Loan for Women-owned Micro Businesses |
Loan amount | MNT 30 million /maximum loan amount to 60% of average sales revenue for 6 months/ |
Loan term | Up to 12 months |
Interest rate /monthly/ | 1.60%-1.80% |
Interest rate /annual/ | 19.20%-21.60% |
Loan application fee | MNT 0 |
Commitment fee /annual/ | 2.8% |
* Effective percentage rate /annual/: 19.81%-21.61%