Investment loans

The purpose of the loans:
These loans finance investments, fixed asset purchases, and equipment upgrades by business entities for the purpose of supporting business expansion, technological upgrades,  profitability and product quality improvements.

Loan conditions:

Fees and commissions:
Loan application fee:    MNT 15,000       USD 15 
Acceptance fee:             MNT 1 %             USD 0.5%

Requirements:

• Permanent residence in the local area.
• Engaged in production and trade business and possesses at least 1 year experiences in the particular business field
• Market demand for the product/service and principal and interest debt service capacity.
• In possession of assets that meet the bank’s requirements.
• Existing accounts with Khan Bank for income and expense transactions.  
• If applicant is engaged in foreign trade, foreign settlement must be conducted by Khan Bank.
• Other financial services obtained from Khan Bank.

Required documentation:

• Personal ID.
• Passport photo 1 copy.
• Proof of residency.
• Special operating license. 
• State registration certification of business entity and company charter.  
• Proof for income.
• Consent of co-owner, if any. 
• Documentation related to the property to be pledged as collateral. 
• Reference letter from State Real Estate Registration Office confirming absence of lien or encumbrance against the collateral property.
• Credit checks verifying the existence of loans at other banks.
• Financial statements audited by an audit company and the taxation office.
• Documents evidencing the intended use of the loan.  
• Resolution from Board of Directors and minutes of Shareholders’ meeting evidencing the authorization of loan application.
• Proof of loan history, loan agreements and payment records.