|
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 |
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