|
Conditions |
MNT |
|
Maximum loan amount |
The loan amount shall not exceed 18 percent of the Bank’s equity and the financing shall not exceed 30 percent of the amount of gold reserves in togrogs in the license area owned by the gold mining company. |
|
Loan interest rate /monthly/ |
1% |
|
Loan interest rate /anual/ |
12% (Policy interest rate + 3%) |
|
Loan term |
Up to 24 months |
|
Service fee |
1% of the loan amount or up to a maximum of MNT 1,500,000 |
|
Penalty interest rate |
Penalty interest rate is equal to 20% of the base interest rate |
|
Fee for changing the original loan terms |
0% |
|
Grace period |
The Loan Committee shall decide and may be for a period determined by the Bank of Mongolia |
|
Application fee |
30,000 MNT |
|
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate – 1,000 MNT |
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