Loan product through the "Gold" program
Product designed to ensure the short and medium-term sustainable development of Mongolia's gold sector, introduce advanced techniques, technologies and management in gold mining and exploration, protect the environment, improve the efficiency of rehabilitation, increase the return of gold production to the economy.
| TERMS | MNT |
|---|---|
| Maximum amount | The amount of the loan shall not exceed 18% of the Bank's shareholders' equity and the financing shall not exceed 30% of the amount of gold reserves in MNTs in the licensed area owned by the gold mining company. |
| Interest rate /monthly/ | 1.00% |
| Interest rate /annual/ | 12.00% (Policy Interest rate + 3.00%) |
| Period | Up to 24 months |
| Service fee | 1% on loan amount or a maximum MNT 1.5 million |
| Increased interest | Equivalent to 20% of interest rate |
| Amendment fee | 0% |
| Grace period | The Credit Committee shall decide period which specified by the Bank of Mongolia |
| Application fee | 10,000 MNT |
| Reference fee /Loan database/* | Private - 1,000 MNT Corporate - 1,000 MNT |
*Effective from January 01, 2022.
Loan product through the "Gold" program
Product designed to ensure the short and medium-term sustainable development of Mongolia's gold sector, introduce advanced techniques, technologies and management in gold mining and exploration, protect the environment, improve the efficiency of rehabilitation, increase the return of gold production to the economy.
| TERMS | MNT |
|---|---|
| Maximum amount | The amount of the loan shall not exceed 18% of the Bank's shareholders' equity and the obligations to be financed shall not exceed 30 percent of the amount in MNT. |
| Interest rate /monthly/ | 0.25% (If fails to comply with contractual obligations 1.46%) |
| Interest rate /annual/ | 3.00% (If fails to comply with contractual obligations 17.50%) |
| Period | Up to 6 months |
| Service fee | 1% on loan amount or a maximum MNT 1.5 million |
| Increased interest | Equivalent to 20% of interest rate |
| Amendment fee | 0% |
| Grace period | 5Up to 5 months |
| Application fee | 10,000 MNT |
| Reference fee /Loan database/* | Private - 1,000 MNT Corporate - 1,000 MNT |
*Effective from January 01, 2022.
