The product is to retail, SME business owners to purchase equipment or upgrades for business expansion and new business line.
Features
The more POS sales you make, the greater your loan opportunities!
Higher POS revenue means greater cashback support!
Terms and conditions
Loan amount
Up to 60,000,000 MNT
Loan term
Up to 24 months
Interest rate
Month: 1.90% - 2.0%
Annual: 22.80% - 24.0%
loan survey fee /non-recurrent/
0.4-1.0%
Application fee
10,000 MNT
Requirements
Loan applicant must be over the age of 21
Continuous business operation for the last 1 year
If the business premises are leased, the lease agreement must be made in the name of the POS owner
Received regular income over the past 3 months through Bogd bank POS
No attention and bad credit history
Required documents
Official note for requesting a loan
State certificate of registration
Company rules
Lease agreement
POS account statements for the last 3 months
If there is any credit with outstanding balance in any bank or financial institution, credit agreement and credit account statements are required the additional documents requested by bank
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