Categories
Line of credit (LOC)

Terms and conditions

Credit line MNT  USD EUR RMB

JPY

Maximum amount

The maximum loan amount depends on the size of the business, capital and financial capacity.

Interest rate/monthly/

2.00%-1.60% 1.50%-1.10% 1.20%-0.85% 1.20%-0.85%

1.20%-0.85%

Interest rate/annually/

24.00%-19.20% 18.00%-13.20% 14.40%-10.20% 14.40%-10.20%

14.40%-10.20%

Commitment fee /annually/

2.8%-4.2% 2.0%-3.6%

1.5%-3.0%

Term

Up to 60 months

Up to 36 months

Service fee

1% of the loan amount /maximum MNT 1,500,000/

0.5% of the loan amount /maximum USD 1,500 or amount equivalent in EUR, CNY, JPY

Penalty interest rate

Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate

Fee for changing the original loan terms

0%

Loan application fee 

30,000 MNT

Credit recording enquiry fee /during loan analysis procedure/

Individual – MNT 1,000

Corporate – MNT 1,000

* Effective percentage rate /annual/: MNT 19.69%-24.51%

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