Credit line
Credit line provides flexible funds from a credit line with a preapproved limit. Clients may tap into their line whenever the necessity arises.
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Loan term 12 months Commitment fee 0.50% Interest rate /annual,MNT/ 16.80% – 20.40% Interest rate /annual,USD/ 8.40% – 12.00% Annual percentage rate/MNT/ 17.52% – 21.14% Annual percentage rate/USD/ 10.30% – 13.91% Application fee 10,000 MNT/More than 300 million MNT-No fee/ - Experience in their field of operations of 1 year or longer
- Records of business transactions from any commercial bank or financial institution
- Records of previous loan from any commercial bank or financial institution /minimum 1/
- No overdue loans at any commercial bank or financial institution
- Sufficient collateral in the form of immovables
- 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
- Other documents
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