Commercial space loan
Loan products to finance investments and working capital to protect water resources, use water efficiently, reduce water losses, and increase wastewater reuse
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Commercial space loan Loan amount Interest rate /yearly/ 16.80% – 21.60% Annual percentage rate /yearly/ 18.16% – 23.87% Loan term 120 months Collateral Primary Collateral: The real estate property being purchased with the loan
Additional Collateral: Any real estate property owned by the borrowerCommission fee 0.50%-1.00% (For loan terms up to 12 months: A fee of 0.50% of the approved loan amount)
(For loan terms exceeding 12 months: A fee of 1.00% of the approved loan amount)Payment for amending the loan agreement 0.30%-0.50% Application fee 20,000 MNT Insurance Insurance will depend on the type of collateral Grace period 12 months - Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
- Been stably running the business in the last 24 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
Additional criteria:
- The real estate asset must be classified and approved for use in commercial or service‑sector activities
- The property must be connected to the central utility infrastructure
- In cases where the borrower is purchasing an entire commercial or service‑designated building, the property must be pledged together with the land to which the borrower holds ownership or possession rights
- Loan form
- Certificate of state registration of the organization, Articles of Association, and introduction
- Operation license
- Board of directors’ approval of the loan, minutes of the shareholders’ meeting
- Original ID card of the authorized official, or if it is not possible to bring the original, a notarized copy, and a photo of the last 6 months
- Collateral documents
- Audit and tax reports and other income and expense documents
- Documents confirming the purpose of the loan and related agreements
- Other
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