Categories
Small and Medium Business loan-Repo

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

In case of a new loan, it shall not exceed 1 percent of the loan amount or MNT 1,500,000

Penalty interest rate

Penalty interest rate is equivalent to 20 percent of the base interest rate

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 procedure/

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.

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