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Home PersonalLoan products for individualsBusiness loan |
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| Business loan | | Micro express loan | |
| 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:
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MNT |
USD |
| Loan amount |
determined in consideration of the business size, assets and financial capacity |
| Interest rate |
2.2%-1.5% (26.4%-18% per annum/) |
1.8-1.2%(21.6%-14.4% per annum) |
| Loan term |
up to months 24 |
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:
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MNT |
USD |
| Loan amount |
100,000 to 5,000,000 MNT |
100 to 5,000 MNT |
| Interest rate |
2.2%-1.6%(26.4%-19.2% per annum) |
1.8%-1.4% (21.6%-16.8% per annum) |
| Loan term |
up to months 18 |
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
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