Categories
Small and Medium Business loan-Repo /Export/

Terms and conditions

Terms

Product terms

Product

Small and medium business loans – Repo

Loan amount / securitization /

Up to 3,000,000,000 / Three / billion MNT

Loan interest rate /annual/

10.50% / Repo trading interest rate + not more than 4 percentage points /

Loan interest rate /monthly/

Up to 2 years

Service fee

10.50% / Repo trading interest rate + not more than 4 percentage points /

Increased interest

Equivalent to 20 percent of the principal

Application fee

30,000 MNT

Grace period

At least 6 months

Other

Other requirements and conditions of the Bank of Mongolia

Credit recording enquiry fee /during loan analysis process/

Individual – 1,000 MNT

Corporate – 1,000  MNT  

* -Product conditions will change from time to time according to the order and decision of the Bank of Mongolia.

Leave a Reply