Corporate overdraft loan

Product terms:

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 - 5,000 MNT
Reference of collateral asset - 10,000 MNT

*Effective from April 01, 2020.

  • The loan will be available from February 01, 2020.
  • Please download the loan applicant form with the documents required.