Loan secured with POS machine transaction income
Entrepreneurs under the age of 35 are given the opportunity to finance short-term working capital and operations on more favorable and flexible terms.
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Maximum loan amount 100 million Interest /yearly/ 18.0%-21.6% Currency MNT Collateral No collateral required Loan origination fee 0.50% (of the loan amount) Loan disbursement frequency Available up to 3 times per month Loan repayment Equal monthly payments - The primary loan applicant must be a citizen of Mongolia or a entity of Mongolia
- The business has been operating stably for at least the last 3 months and will continue to operate
- The following types of POS devices must have been used regularly for the past 3 months or more
- Golomt Bank POS service or
- EasyPay POS device or “Easy Pay” LLC POS
- Monthly transaction amount must be over 3 million ₮
- Be an active merchant under the age of 35
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