• Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
• For individuals: Must be under 35 years of age
• For legal entities: Shareholders holding 50% or more of the shares must be under 35 years of age, or the Executive Management must be under 35 years of age
• 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 history of loans from banks and NBFIs classified as non-performing in the past 2 years
• Shall not have any outstanding past due loans
• Shall not have any history of loans from banks and NBFIs classified as non-performing
• Others

For citizens:

• A copy of the notarized citizen identification card (applies to a person whom the loan is jointly received)
• Loan request
• Loan application (From the banking sector)

For entities:

• 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