Agricultural loan

The purpose of the loan:
This loan finances working capital needs of business entities engaged in agricultural and farming operations.

Loan conditions:

Fees and commissions:
Loan application fee:  5,000 MNT
Acceptance fee:           1% of advanced amount

 Requirements:

• Permanent residence in the local area. 
• Existing business in the operating area of local Khan Bank branch/sub-branch. 
• Experience in the relevant field.
• History of cash-based sales or future prospects of cash sales sufficient for loan principal and interest payment. 
• Possession of assets that meet the bank’s collateral requirements. 

Required documentation:

• Certificate of business entity.
• Passport photo  1 copy.
• Proof of residency.
• State registration certificate for legal entities, notarized copy of company charter.
• Operating license.
• Document evidencing source of  income.
• Supporting evidence and documentation of intended loan use. 
• Documents and list of assets to be pledged as collateral.
• Credit history at other banks, loan agreements, principal and interest payment records.