Loan for the construction of a petroleum products storage facility
Investment loan for construction a petroleum prodacts storage facility and increasing petroleum products storage capacity
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Loan amount The aggregate loan exposure to a borrower and its related parties shall be determined in line with the bank’s internal regulations. Interest rate /yearly/ Total interest rate: 16.8%-21.6% Government subsidy: 9.0% Loan disbursement currency MNT Loan term Up to December 31, 2030 Commission fee 0.50% (applicable to loans with a maturity of up to 12 months) 1.00% (applicable to loans with a maturity of 12 months or more) Payment for amending the loan agreement 0.30% (Will be deducted once from the loan balance) Application fee 10,000 MNT Grace period Aligning with the borrower’s cash flow - Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
- Must be a business entity holding a special license for the import and wholesale of all types of fuel
- To be included in the list of the Ministry of Industry and Mineral Resources
- Other
- Loan form
- Certificate of state registration of the organization, Articles of Association, and introduction
- Operation license
- Board of directors’ approval of the loan, minutes of the shareholders’ meeting
- Original ID card of the authorized official, or if it is not possible to bring the original, a notarized copy, and a photo of the last 6 months
- Collateral documents
- Audit and tax reports and other income and expense documents
- Documents confirming the purpose of the loan and related agreements
- Other
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