|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.|
|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|
|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.