Product terms:

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.