|
Working capital loan |
MNT | USD | EUR | CNY |
JPY |
|
Loan size |
Flexible depending on business scope and financial solvency. |
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Monthly loan interest |
2.00%-1.60% | 1.50%-1.10% | 1.20%-0.85% | 1.20%-0.85% |
1.20%-0.85% |
|
Annual loan interest |
24.00%-19.20% | 18.00%-13.20% | 14.40%-10.20% | 14.40%-10.20% |
14.40%-10.20% |
|
Loan period |
36 months |
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Loan origination fees |
Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000 |
0.5% of the disbursed loan amount, or a maximum of USD 1500, or the equivalent amount in EUR, CNY, or JPY |
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|
Penalty interest for rate |
Equivalent to 20 percent of the base interest rate |
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|
Loan forbearance fee |
0% |
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|
Grace period |
12 months |
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Loan Application fee |
MNT 30,000 |
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|
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – MNT 1,000 Corporate – MNT 1,000 |
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* Effective percentage rate /annual/: MNT 19.95%-24.77%