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Trade credit line |
MNT | USD | EUR | RMB |
JPY |
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Credit maximum |
Depends on the size of the business, capital, financial capacity, and trade turnover. |
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Commercial credit line opening service fee / no service fee is charged for opening a line backed by term deposit as collateral / |
1% of the line amount up to a maximum of 1,500,000 MNT | 1% of the line amount up to a maximum of 1,000 USD | 1% of the line amount up to a maximum of 1,000 EUR | 1% of the line amount up to a maximum of 5,000 RMB |
1% of the line amount up to a maximum of 5,000 JPY |
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Commitment fee/ annually/ |
0%-2.0% |
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Term of trade credit line |
Up to 60 months |
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Fee for changing the original loan terms |
0% |
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Application fee |
30,000 MNT | 10 USD | 10 EUR | 100 RMB |
1,000 JPY |
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Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate- 1,000 MNT |
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| Note:
– If the interest rate of the external source line is 0%, the customer’s commercial loan interest rate may be 0%. |
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Pre-shipment loan terms:
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Pre-shipment loan terms |
MNT | USD | EUR | RMB |
JPY |
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Maximum amount |
Within the credit lines, the amount of trade agreements and transactions shall not be exceeded |
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Interest rate /annually/ |
Source cost + 2.0% -4.0% |
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Loan term (depending on product turnover) |
Up to 60 months |
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Service fee |
0% |
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Application fee |
30,000 MNT |
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Full and partial prepayment fee |
According to the terms of the foreign bank interest rate |
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Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT Corporate- 1,000 MNT |
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| Note:
The cost of resources includes tax costs associated with attracting external resources, interest and non-interest costs, and required reserve costs. |
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