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 Bank's financing will not exceed 80% of total working capital.

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%

Commitment rate 

2.8%-4.2% /annual/ 2.0%-3.6% /annual/ 1.5%-3.0% /annual/

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%

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;
  • The maximum size of the business credit line should not exceed 80% of the working capital of the loan.