Credit line

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%-0.85% 1.5%-1.0% 1.5%-1.0% 1.0%-0.6%
Interest /yearly/ 21.6%-14.4% 18.0%-10.2% 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
Reference fee /Loan database/* Private - 1,000 MNT
Corporate - 1,000 MNT

*Effective from January 01, 2021.

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.