Product terms:

Terms MNT USD EUR CNY JPY
Maximum amount  The maximum amount of the loan shall be determined by the business size, capital and financial capability. The borrower shall finance at least 30% of the total investment amount.
Interest /monthly/ 1.8%-1.2% 1.5%-1.0% 1.5%-1.0% 1.5%-1.0% 1.0%-0.6%
Interest /yearly/ 21.6%-14.4% 18.0%-12.0% 18.0%-12.0% 18.0%-12.0% 12.0%-7.2%
Period Up to 60 months Up to 36 months
Service fee  1% on loan amount /Up to 1,500,000 MNT/ 0.5% on loan amount /Up to 1500 USD or equivalent other currencies/
Increased interest Equivalent to 20% of interest rate 
Amendment fee  0%
Exemption from the main loan Up to 12 months
Application fee   10,000 MNT

Requirement to loan applicant:

  • Must be operating in the current field of business for no less than 12 months;
  • Must have no loan default at other banks or financial institutions.