Gold Collateralized loan

Product terms:

Terms Gold standard rate gold bar collateralized loan Gold standard unrated gold bar collateralized loan Without gold standard rated gold bar collateralized loan
Period Up to 12 months Up to 6 months Up to 3 months
Loan amount Net weight*gold standard*gold rate by Mongolbank /100%-tax/*90% or up to 20% of total equity Net weight*gold standard *gold rate by Mongolbank*/100%-tax/*80% or up to 20% of total equity weight*gold standard /sampling prior to extraction of gold and by the amount of the sample taken from the resource estimation/*/100%-tax/*60% or up to 20% of total equity
MNT interest rate /monthly/ 1.6%-1.2% 1.7%-1.2% 1.8%-1.2%
MNT interest rate /yearly/ 19.2%-14.4% 20.4%-14.4% 21.6%-14.4%
USD interest rate /monthly/ 1.5%-0.85% 1.6%-0.85% 1.6%-0.85%
USD interest rate /yearly/ 18.0%-10.2% 19.2%-10.2% 19.2%-10.2%
EUR interest rate /monthly/ 1.5%-1.0% 1.6%-1.0% 1.6%-1.0%
EUR interest rate /yearly/ 18.0%-12.0% 19.2%-12.0% 19.2%-12.0%
CNY interest rate /monthly/ 1.5%-1.0% 1.6%-1.0% 1.6%-1.0%
CNY interest rate /yearly/ 18.0%-12.0% 19.2%-12.0% 19.2%-12.0%
JPY interest rate /monthly/ 1.0%-0.6% 1.1%-0.6% 1.2%-0.6%
JPY interest rate /yearly/ 12.0%-7.2% 13.2%-7.2% 14.4%-7.2%
Service fee No fee
Collateral Gold
Requirement for gold bar The test of the accredited laboratory test of precious metal specimens with gold standard with the specifics of gold and silver specimens Committed to specimens for specimens of certified laboratory for precious metals specimens, precious metal molten actors, unprofitable gold standard Have the deposit report of the gold deposit

Requirement to loan applicant:

  • Letter of application;
  • Authorization to authorize to get gold collateralized loan;
  • Notarized copy of company's certificate and charter;
  • Approval of the borrower;
  • CVs of business entities, directors and finance staff.