The business credit line is designed to financially support business entities with their working capital need.
Terms and conditions
MAXIMUM LOAN AMOUNT
CURRENCY
TENOR
INTEREST*
FEE
COMMITMENT FEE
APPLICATION FEE
MONTHLY
ANNUAL
Depends on business scope
MNT
UP TO 24 MONTHS
1.5%-2.0%
18.0%-24.0%
0.4%-1.0%
3%-6%
MNT 15,000-50,000
USD
1.0%-1.6%
12.0%-19.2%
0.5% OF LOAN AMOUNT
Requirements
No overdue loans at any other commercial bank or financial institution, no history of non-performing loans for the last 3 years;
Continuous business operation for the last 2 years;
Normal flow of business operation;
Collateral as immovable properties;
Special operating license granted from government agency for operating business and valid until the end of loan maturity date. A special license shall be extendable;
Required documents
Official note for requesting a loan;
Company and business presentation;
State registration certificate of incorporation, company charter, Founding agreement;
Financial statements (last 3 years of data, quarterly statements);
Operating license of business, patent;
Contract and agreement for operation to be financed with loan;
Collateral documentations;
Business analysis and research undertaken for business features and characteristics;
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