Categories
Credit line for preparation suppliers Credit line for preparation suppliers

Terms and conditions

Credit line MNT USD
Maximum amount
Up to 3.5 billion MNT and equivalent currency
Interest rate /Monthly/ 2.0%-1.6% 1.5%-1.0%
Interest rate /annually/ 24.0%-19.2% 18.0%-12.0%
Commitment rate /annually/ 4.2%-2.8% 3.6%-2.0%
Term Up to 12 months
Service fee 1% of the loan amount /maximum MNT 1,500,000/
Penalty interest rate Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate
Fee for changing the original loan term 0%
Application fee MNT 30,000
Credit recording enquiry fee /during loan analysis procedure/ Individual – MNT 1,000    Corporate – MNT 1,000
Explanation:
A loan product that allows you to mortgage the original customs documents for cars and heavy-duty machinery that do not have a federal number.

* Effective percentage rate /annual/: MNT 19.69%-24.51%