Business loan

Purpose of the loan is to allow business owners to expand business operation, increase working capital, equipment purchase, and improve the quality of products and services in short and medium term.

Product conditions

Loan AmountLoan interest /monthly/Loan durationService feeCollateral Asset
20.0-500.0 million MNT3.5%-2.8%Up to 36 months0.5% - 0.3%Apartments, houses, industrial and service facilities and passenger cars

Application requirements

  • Must be running the current business for at least 6 months or longer
  • Business should be operated in the area where the branch is located
  • Must not have any overdue debts
  • Must pledge own real estate /It should not be transferred by any Gift Contract/
  • If collateral asset is a car, it must be within 4 years of entering Mongolia and 14 years of production

Application documents

Corporation

  • Official loan request
  • Company certification and by law
  • Business Licenses
  • Loan disbursement calculation
  • Proof of income
  • License of collaterial asset /original copy/, Detailed reference of colleterial asset /Kiosk/

Retail

  • Electronic ID
  • Loan disbursement calculation
  • Proof of income
  • License of collaterial asset /original copy/, Detailed reference of colleterial asset /Kiosk/
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