CU-Receivable secured loan
Citizens and enterprises with a valid contract to supply goods, perform work, and provide services to chain stores that have a cooperation agreement with Golomt Bank for short-term
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CU-RECEIVABLE SECURED LOAN 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/ 19.2% Loan disbursement currency MNT Loan term 90 days (until the invoice due date) Collateral Guaranteed receivables expected from the contracting organization Commission fee 0.50% (based on the approved loan amount once) Application fee 10,000 MNT Movable property pledge registration inquiry 20,000 MNT CREDIT LINE 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/ 19.2% Loan disbursement currency MNT Loan term Up to 12 months Collateral Have collateral that meets the bank’s requirements Commission fee 0.50% (Loan term up to 12 months) Terms and conditions confirmation fee 0.30% (Monthly based on unused credit limit) Fee for changing the terms and conditions 0.30% (calculated from the loan balance and for each change) Application fee 10,000 MNT Movable property pledge registration inquiry 20,000 MNT - Mongolian-regirtered legal entity or Mongolian citizen
- Supplier ofa retail chain that has an existing cooperation agreement with Golomt bank
- At least 12 months of transaction history with the respective retail chain under aSale and Purchase Agreement
- The Sale and Purchase Agreement must remain valid beyond the loan maturity date
- Consent to receive payments from verified receivables through the designated account with “Golomt bank”
- No outstanding overdue or non-performing loans
- No record of non-performing loans within the preceding two years
- No outstanding payment obligations arising from or enforceable under a court judgement
- Official request letter from the organization
- Resolution of shareholders metiing
- Company charter and Certificate of Incorporation
- Copy of shareholders’ Identification Documents
- Certificate of Residence
- Valid “Sales and Purchase Agreement” concluded with the chain store, and “Invoices”
- Corporate tax Clearance Certificate
- Certificate of Court Records cencerning the Company and Shareholders
- Other supporting Documents
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