Small business loan

Loan purpose:

    This loan finances working capital requirements of businesses seeking to boost their profitability, improve product quality and purchase raw material.

Loan conditions:                                                                                
 

Fees and commissions:
Loan application fee:             5,000 MNT          5 USD            

Requirements:

• Permanent resident of the area.
• Engaged in production or service business and possess at least one year experience in the field
• Sufficient market demand for the product/service and an ability to service the loan principal and interest expenses.
• Collateral that meets the bank’s requirements.
• Others

Required documentation:

• Personal ID.
• Passport photo 1 copy.
• Proof of residency.
• Special operating license.
• State registration certificate of business entity.
• Consent from co-owner ( if any ) authorizing the pledge of property.
• Supporting documentation of income.
• Collateral documentation.
• Reference of outstanding debt from other banks or non banking organizations.
   
• Reference letter from State Real Estate Registration Office confirming absence of lien or encumbrance against the collateral property.
• Others
   

Micro express loan

Loan purpose:
    This loan finances working capital requirements of businesses seeking to boost their profitability, improve product quality and purchase raw material.

 Loan conditions:

Fees and commissions:
Loan application fee:         5,000 MNT      5 USD

Requirements:

• Permanent resident of the area.
• Engaged in production or service business and possess at least one year experience in the field
• Sufficient market demand for the product/service and an ability to service the loan principal and interest expenses.
• Collateral that meets the bank’s requirements.
• Others

Required documentation:

• Personal ID.
• Passport photo 1 copy.
• Proof of residency from local government.
• Documentation of collateral.
• Special operating license. 
• Consent from co-owner ( if any ) authorizing the pledge of property.
• Supporting documentation of income.
• Documents confirming credit history, loan agreements and repayment records.
• Documents confirming the purpose of the loan.
   
• Reference on outstanding debt from other banks or non banking organizations.
• Others