Micro business loan
This loan is for wholesale and retail traders, individuals and business entities with no requirements of fixed collateral.
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Type Retail traders Wholesale traders Amount Up to MNT 50 million Up to MNT 200 million Interest rate (yearly) 16.80% -21.60% Annual percentage rate (yearly) 18.16% – 23.87% Term Up to 36 months Collateral Product materials, movable property Service fee 1.00% Retail traders Wholesale traders - Maintained sustainable operation for the past 1 year
- Maintained sustainable operation for the past two year
- Be the principal landlord or owner of major marketplaces
For citizens:
- Loan application (From the banking sector)
- A copy of the notarized citizen identification card (applies to a person whom the loan is jointly received).
- Leasing contract, account statement, inventory balance
- Other required documents (permission to run operations, licenses etc).
For entities:
- Loan application (From the banking sector)
- State certificate of registration
- Company rules;
- Leasing contract, account statement, inventory balance
- Other required documents (permission to run operations, licenses etc)
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