Product terms:

Terms Gold standard rate gold bar collateralized loan Gold standard unrated gold bar collateralized loan Without gold standard rated gold bar collateralized loan 

Period

Up to 12 months

Up to 6 months

Up to 3 months

Loan amount

Net weight*gold standard*gold rate by Mongolbank /100%-tax/*90% or  up to 20% of total equity 

Net weight*gold standard *gold rate by Mongolbank*/100%-tax/*80% or up to 20% of total equity 

weight*gold standard /sampling prior to extraction of gold and by the amount of the sample taken from the resource estimation/*/100%-tax/*60% or up to 20% of total equity 

MNT interest rate /monthly/

1.6%-1.2%

1.7%-1.2%

1.8%-1.2%

MNT interest rate /yearly/

19.2%-14.4%

20.4%-14.4%

21.6%-14.4%

USD interest rate /monthly/

1.5%-1.0%

1.6%-1.0%

1.6%-1.0%

USD interest rate /yearly/

18.0%-12.0%

19.2%-12.0%

19.2%-12.0%

EUR interest rate /monthly/

1.5%-1.0%

1.6%-1.0%

1.6%-1.0%

EUR interest rate /yearly/

18.0%-12.0%

19.2%-12.0%

19.2%-12.0%

CNY interest rate /monthly/

1.5%-1.0%

1.6%-1.0%

1.6%-1.0%

CNY interest rate /yearly/

18.0%-12.0%

19.2%-12.0%

19.2%-12.0%

JPY interest rate /monthly/

1.0%-0.6%

1.1%-0.6%

1.2%-0.6%

JPY interest rate /yearly/

12.0%-7.2%

13.2%-7.2%

14.4%-7.2%

Service fee

No fee

Collateral

Gold

Requirement for gold bar 

The test of the accredited laboratory test of precious metal specimens with gold standard with the specifics of gold and silver specimens

Committed to specimens for specimens of certified laboratory for precious metals specimens, precious metal molten actors, unprofitable gold standard

Have the deposit report of the gold deposit

Requirement to loan applicant:

  • Letter of application;
  • Authorization to authorize to get gold collateralized loan;
  • Notarized copy of company's certificate and charter;
  • Approval of the borrower;
  • CVs of business entities, directors and finance staff.