Loans to support woman entrepreneurs
This loan is designed to finance working capital requirements of small and medium businesses for purchasing inventory, increasing business income, and improving the quality of product and services.
X
Working capital loan Credit line Investment loan Loan amount Up to 500,0 million MNT Up to 1 billion MNT Interest rate /yearly/ 14.40% – 16.80% Annual percentage rate /yearly/ 14.63% – 17.03% Loan term 36 months 60 months Collateral Up to 100.0 million can be provided with secondary collateral Must provide collateral according to the bank’s requirements commission fee 0.50% (Will be deducted once from the approved loan amount) Payment for amending the loan agreement 0.30% (Will be deducted once from the loan balance) Application fee 10,000 MNT Insurance Insurance will depend on the type of collateral Grace period 1/3 of the loan period or up to 12 months - Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
- Been stably running the business in the last 12 months and continue to pursue it
- Satisfy the financial ratios at an appropriate level as it is the bank criteria
- Collaterals shall meet the bank’s collateral requirements
- Shall not have any outstanding past due loans
- Shall not have any history of loans from banks and NBFIs classified as non-performing
- Others
Additional criteria:
- Be a self-employed woman
- Copy of ID card
- Loan application
- Account statement /last 12 months/
- Lease agreement (additional if necessary)
- Inventory information
- If you have an additional loan, a copy of the loan agreement
- Other
Цалингын зээл зөвлөмж
This website uses google analytics
This website uses information gathering tool which is Google analytic in order to determine the effectiveness of our online campaign in terms of sales and user activity on our sites.