Overdraft
Overdraft limit is designed to cover the unexpected sudden shortage of working capital and short term financial needs of businesses
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Water infrastructure loan Loan amount Up to 200.0 million MNT /to based on account income/ Interest rate /month/ 1.7%-1.9% Annual percentage rate /yearly/ 22.42%-25.34% Loan term 6 months Repayment period 30 days /after the date of used/ Commission fee 0.5% Payment for amending the loan agreement 0.3% Application fee 10,000 MNT Insurance - Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
- Holds a current account at Golomt bank
- Records of last years business transactions from any commercial banks
- Records of last 1 year business transaction from Golomt bank
- Shall not have any history of loans from banks and NBFIs classified as non-performing
- Other
- Loan form
- Specimen signature of persons authorized to operate overdraft account /if same person as authorized to operate other account, only need formal requis of company/
- Records of last 3 years account statements from any commercial bank
- Bank may require additional document accorrding to the meeting
- Other
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