Micro loan conditions
Financing short-term working capital and operating expenses
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Maximum loan amount 80 million MNT Interest /monthly/ 1.7%-1.8% Currency MNT Term Up to 24 months Collateral Account income Loan origination fee 0.50% (Of the loan amount) Repayment period 1-2 times a month - The primary loan applicant must be a citizen of Mongolia or a entity of Mongolia
- Shall not have history of non-performing loans in the last 2 years
- Currently have no overdue or non-performing loan balances
- Not be registered in the negative information database
- Shall not have outstanding receivables with Golomt Bank
- Have been operating for the last 6 months and intend to continue operating
- Have been processing all income through any bank POS terminals for 6 months
- Own the property or have a lease agreement
- Install the Golomt bank’s POS terminal
- Have the capacity to repay the loan
Required documents
- Official Request/Handwritten Application
- Form (basic, joint/management)
- Shareholders or executive’s ID
- Organization rules, certificate, special permit
- Business/Company’s Profile
- Lease Agreement
- If income goes through other banks, the account statement for the last 6 months
Required documents
- Official Request/Handwritten Application
- Loan form
- Ident
- Business photo
- Rental Agreement
- If income goes through other banks, the account statement for the last 6 months
- Breakdown of goods and materials /if necessary/
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