Sustainable & Green business loans

Sustainable & Green business loans

A green loan is a form of financing that enables borrowers to use the proceeds to exclusively fund projects that make a substantial contribution to an environmental objective.
  • Investment loan Working capital loan
    Loan amount 10 Billion MNT 5 Billion MNT
    Intrerest rate *(yearly) 14.40% – 16.80% 14.40% – 16.80%
    Annual percentage rate (yearly) 14.74% – 17.15% 15.10% – 17.51%
    loan currency MNT MNT
    Loan term (monthly) Up to 84 months Up to 30 months
    Collateral  Have collateral that meets the banks requirements
    Service fee 0.50%  (of the approved loan amount) 0.10%  (of the approved loan amount)
    Payment for amending the loan agreement 0.30%  (one time from the loan balance)
    Application fee 10,000 MNT
    *Free of charge for loans ever 100,0 miilion MNT (0.00%)
    insurance Depending on the type of collateral, you are covered by insurance
    Grace Period Up to 1/3 of the total loan term or up to 24 months Up to 1/3 of the total loan term 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:

    • The main business activity must be included in the Green Taxonomy of the Bank of Mongolia;
    • The main business activity and purpose of the loan must be “low risk” according to the environmental, social and environmental risk assessment of the Bank.
    • The Green requirements of the Bank’s internal procedure for environmental, social and environmental risk assessment have been met depending on the level of risk.
    • Lending activities are not included in the “List of Prohibited and Warning Activities” specified in the Bank’s environmental and social risk assessment procedure.
    • 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
    • Others

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