Loan secured with POS machine transaction income

Loan secured with POS machine transaction income

This loan is for businesses that make transactions and earn income through POS machines of all banks.
Duration
Up to 30 months
Max Limit
Million 50 MNT
  • Conditions Ulaanbaatar Local
    Loan Amount Up to 50 million MNT Up to 30 million MNT
    Interest rate /yearly/ 14.40% – 16.80%
    Annual percentage rate 15.25% – 17.66%
    Term Up to 30 months
    Collateral
    • If you take a loan for a period of 1-18 months, the POS income will be used as collateral.
    • Movable and immovable property is pledged as collateral for 19-30 months.
    Commission charge 1.00% of the loan
    • All bank POS devices must be used for at least 6 months
    • Experience in their field of operations of 1 year or longer
    • By expiration of loan term borrower able to pay back the loan by Income from POS machine transactions
    • No bad debt or bad debt history to other banks, financial institutions and individuals or entitie
    • Loan request
    • ID Passport
    • The organization’s request
    • Enterprise charter certificate
    • Account statement
    • Licensing
    • Lease contract

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