Business Loan for Entrepreneurs with Disabilities

Business Loan for Entrepreneurs with Disabilities

A business loan product designed to support the growth and expansion of businesses owned and operated by persons with disabilities through preferential financing terms for working capital and investment needs.
Duration
Up to 60 months
  • Working capital loan Investment loan
    Maximum loan amount  100 million MNT  200 million MNT
    Loan term Up to 36 months Up to 60 months
    Interest rate /yearly/ 15.6% – 18.0%
    Annual percentage /yearly/ 16.8% -19.6%
    Loan origination fee 0.50%
    Application fee 10,000 MNT
    Payment for amending the loan agreement 0.3% (one time from the loan balance)
    • Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
    • For individuals: Must hold a valid Disability Registration Card
    • For legal entities: Shareholders holding 50% or more of the shares or the Executive Management must hold a valid Disability Registration Card
    • 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 outstanding past due loans
    • Shall not have any history of loans from banks and NBFIs classified as non-performing
    • Others
    • 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

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Please note that the above exchange rates are for informational purposes only and will be used for currency exchange transactions at current exchange rates in branches, settlement centers and internet banking.

Please contact the following address for more information regarding exchange rate and foreign exchange transactions.
Telephone: 75553434/
E-mail: dealers@golomtbank.com

Regarding gold exchange rate and gold trading Please contact the following address for more information.
Phone: 75701000/
E-mail: goldtraders@golomtbank.com

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