Investment loan
These loans finance investments, fixed asset purchases, and equipment upgrades for the purpose of supporting business expansion, technological upgrades, profitability and product quality improvements.
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Amount Up to 20 percent of the Bank’s capital shall be calculated in MNT or its equivalent in foreign currency Interest rate* (yearly) MNT 16.80% – 20.40% USD 8.40% – 15.60% Annual percentage rate (yearly) MNT 17.26% – 20.88% USD 8.83% – 16.06% Term Up to 60 months Loan application fee MNT 10,000 Service fee 0.50% – 1.00% / Take once from the approved loan amount/ - If the term is up to 12 months, it is equal to 0.5 percent of the approved loan amount
- If the term is more than 12 months, it is equal to 1.00 percent of the approved loan amount
- 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
For citizens:
- A copy of the notarized citizen identification card (applies to a person whom the loan is jointly received)
- Loan request
- Loan application (From the banking sector)
For entities:
- Loan Application
- State registration certification of business entity and company charter
- Special operations license
- Resolution from Board of Directors, and minutes of Shareholders’ meeting evidencing the authorization of loan application
- Original or notarized copy of ID card of the authorized personnel and 1 passport-sized photo taken within the last 6 months
- Documents of the property to be pledged as collateral
- Audited financial statements, financial statements confirmed by the taxation office, and other documentation for proof of income and expense
- Documents evidencing the intended use of the loan, related agreements
- Proof of loan history, loan agreements and payment records of the past 3 years
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