|TERMS /MNT/||CORPORATE CURRENT ACCOUNT||SEPCIAL CURRENT ACCOUNT|
|Minimum balance||0 MNT|
|Interest rate /yearly/||3.6% (according to the general terms & condition)||According to the contract terms & condition|
|Maximum limit||up to 500 million MNT /20% of the average revenue of the last 12 months/|
|Overdraft interest rate /yearly/||21.6%|
|Increased rate of overdraft /yearly/||24.0%|
|Period||up to 12 months|
|Repayment schedule||30 days /to be effective from a date of overdraft/|
|Fee||1% of the overdraft amount /maximum 1,000,000 MNT/|
|Amendment fee||1% of the overdraft amount /maximum 1,000,000 MNT/|
|Application fee||10,000 MNT|
|Reference letter fee of loan database*||Private - 1,000 MNT
Corporate - 1,000 MNT
*Effective from January 01, 2021.
- The loan will be available from February 01, 2020.
- Please download the loan applicant form with the documents required.