Manufacturing loan
This loan is long term loan for manufacturer in the specified sectors.
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Loan amount Up to 20 percent of the Bank’s capital Annual interest rate 16.80% – 20.40% Annual percentage rate 17.26% – 20.40% Loan term Up to 60 months Application fee 10,000 MNT Collateral Required Commission fee 0.5% – 1.0% - Operates in the manufacturing industry
- Experience of 4 years or longer in their field of operations
- No overdue loan record at any commercial bank or financial institution;
- Sufficient collateral in the form of immovable asset
- Formal letter requesting loan, application form
- Company certificate, notarized copy
- Company charter, notarized copy
- Audited financial statements
- Business proposal
- Related contracts, agreements /notarized/
- Reference letter from correspondent bank, tax office
- Company introduction
- Licenses to conduct operations, offer services
- Collateral, guarantee
- Property license
- Reference from State Immovable Property Registration Office
- Managements ID, passport, notarized copies, filled out bank registration form
- Documents referencing previous loan history
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