Categories
Investment Loan

Terms and conditions

Investment loan MNT USD EUR CNY JPY
Maximum loan amount The maximum loan amount will be determined depending on the size of the business, its assets, and financial capacity. At least 30% of the total investment amount shall be financed by the borrower with own funds
Loan interest /month/ 2.0%-1.6% 1.5%-1.1% 1.2%-0.85% 1.2%-0.85% 1.2%-0.85%
Loan interest /annual/ 24.0%-19.2% 18.0%-13.2% 14.4%-10.2% 14.4%-10.2% 14.4%-10.2%
Term of loan Up to 60 months Up to 36 months
Service fee 1% of the loan amount or the maximum amount is 1,500,000 MNT 0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY
Increased interest The increased interest rate is equal to 20% of the principal interest rate
Fee for changes to the original loan terms 0%
Grace period for principal repayment Up to 12 months
Application fee 30,000 MNT
Credit database reference fee For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.45%-24.3%