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Micro business loans

Loan to finance working capital

Investment loan

Project loan with Asian development bank fund and Credit guarantee fund guarantee

JOB SUPPORT LOAN

This loan is for wholesale and retail traders, TDBank’s POS, TDB pay merchant individuals and business entities with no requirements of fixed collateral.

By having this loan, you can increase working capital by extending your business operations.

Loan terms

Type	Trade, development bank POS, TDB Pay merchant	Wholesale and retail traders
Amount	Up to MNT 30 million	Up to MNT 15 million
Interest rate* (MNT)	Annual 18.0% - 20.4% Monthly 1.5% - 1.7%	Annual 19.2% - 22.8% Monthly 1.6% - 1.9%
Term	Up to 36 months
Collateral	Product materials, account surplus, guarantee, movable property
Service fee	0.5 % (min 50 000 MNT)

Requirements

Type

Trade, development bank POS, TDB Pay merchant

Wholesale and retail traders

Requirements

Maintained sustainable operation for the past one year

Received regular income over the past 6 months through Trade, development bank POS, and TDB Pay merchant

Maintained sustainable operation for the past one year

Be the principal landlord or owner of major marketplaces

Required documents

For citizens:		For entities:
1. Loan application (From the banking sector or click HERE to download.) 2. A copy of the notarized citizen identification card (applies to a person whom the loan is jointly received). 3. Leasing contract, account statement, inventory balance 4. Marriage certificate (marital status if not married) 5. Other required documents (permission to run operations, licenses etc).		1. Loan application (From the banking sector or click HERE to download.) 2. State certificate of registration 3. Company rules; 4. Leasing contract, account statement, inventory balance 5. Other required documents (permission to run operations, licenses etc).

TDB’s working capital loans are suitable for financing all kinds of working capital needs and short-term business expenses.

Amount		Up to MNT 350 million
Interest rate MNT		annual 19.2% - 22.8% monthly 1.60% - 1.90%
Term		36 months
Service fee		0.3% (min 50 000 MNT)

* Effective percentage rate /annual/:14.51%-18.11%

Requirements

Stable business activity
No outstanding loan obligations
Having sufficient collateral to meet the bank’s requirements

Document

For legal entities:

State registration document

Company charter
Shareholder approval for the loan application
Financial statement for the last 2-3 quarters
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Other documents required from the applicant during the loan analysis process

For individuals::

Notarized copy of personal ID (relevant for co-borrower as well)
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Marriage certificate
Other documents required from the applicant during the loan analysis process

Individuals, enterprises and organizations invested businesses, operations, and scope of services for the expansion of credit.

Amount	Up to MNT 350.0 million	Above MNT 350.0 million
Interest rate MNT	annual 19.5% - 23.1% monthly 1.63% - 1.93%	Flexible depending on borrower’s risk rating
Term	60 months
Service fee	0.3% (min 50 000 MNT)
Other terms	20-30 percent of the total budget must be financed or can be finance from its own resources.

* Effective percentage rate /annual/:14.47%-18.07%

Requirements

Stable business activity
No outstanding loan obligations
Having sufficient collateral to meet the bank’s requirements

Documents

For legal entities:

State registration document

Company charter
Shareholder approval for the loan application
Financial statement for the last 2-3 quarters
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Other documents required from the applicant during the loan analysis process

For individuals::

Notarized copy of personal ID (relevant for co-borrower as well)
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Marriage certificate
Other documents required from the applicant during the loan analysis process

WHAT CAN YOU DO WITH THIS LOAN?

This loan is for small and medium-sized enterprises (SME) with lack of collateral to expand their businesses and start new projects. Moreover, you can buy assets, equipment, and finance current assets.

WHAT ARE THE ADVANTAGES AND THE OPPORTUNITIES YOU CAN GET WITH LOAN?

You can get a loan at lower interest rate than regular loan for business that guaranteed by Credit Guarantee Fund from all our branches.

THE LOAN TERMS AND CONDITIONS

Borrower	Small and medium-sized enterprises (SME)
Loan amount	Until MNT 1 billion
Interest rate	12%-15% per annum
Tenor	Up to 10 years
Grace period	Up to 2 years
Service fee	0.3% (min 50 000 MNT)
Amount of guarantee	30%-60% of total loan amount
Guarantee commission of Credit guarantee fund	50,000 MNT
Guarantee fee of Credit guarantee fund	1% of total guaranteed amount every year

DOCUMENTS

For legal entities:

Loan application (Please click here or visit branch to find the form);
Certificate or Reference of Small-medium sized enterprise;
Company charter and regulations;
Sharerholder approval to get the this loan;
Copy of personal ID of exceutve managers;
Introduction of company;
Project introduction (Please find the form from our branch);
Financial statements for the last 1-2 years;
Contracts associated with business operation;
Operational licenses if there is special license requirement;
Collateral and land documents (original);
Income, expense, payable, receivable, and essential documents to prove funding;
Detailed reference to real estate owned by loan applicant;
Other documents required from the applicant during the loan analysis process.

For individuals:

Loan application (Please click here or visit branch to find the form);
Certificate or Reference of Small-medium sized enterprise;
Copy of personal ID (relevant for co-borrower as well);
Operational licenses if there is special license requirement;
Project introduction (Please find the form from our branch);
Collateral and land documents (original);
Financial statements for the last 1-2 years, if do not report financial statements, balance statements and bookkeeping note are required;
Contracts associated with business operation;
Income, expense, payable, receivable, and essential documents to prove funding;
Detailed reference to real estate owned by partner of loan applicant;
Other documents required from the applicant during the loan analysis process.

PROHIBITED INVESTMENT ACTIVITIES LIST

production or activities involving harmful or exploitative forms of forced labor1 or child labor;2
production of or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements or subject to international phase-outs or bans, such as (a) pharmaceuticals,3 pesticides, and herbicides,4 (b) ozone-depleting substances,5 (c) polychlorinated biphenyls6 and other hazardous chemicals,7 (d) wildlife or wildlife products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora,8 and (e) transboundary trade in waste or waste products;9
production of or trade in weapons and munitions, including paramilitary materials;
production of or trade in alcoholic beverages, excluding beer and wine;10
production of or trade in tobacco;10
gambling, casinos, and equivalent enterprises; 10
production of or trade in radioactive materials,11 including nuclear reactors and components thereof;
production of, trade in, or use of unbonded asbestos fibers;12
commercial logging operations or the purchase of logging equipment for use in primary tropical moist forests or old-growth forests;
marine and coastal fishing practices, such as large-scale pelagic drift net fishing and fine mesh net fishing, harmful to vulnerable and protected species in large numbers and damaging to marine biodiversity and habitats;
real estate investment, if non-owner occupied, or property acquisition;
commercial real estate construction unless SME owner-occupied
heavy construction material-related sectors;
multi-family housing construction;
all mining, mineral processing and extraction activities;
businesses involved with oil or energy import;
businesses involved primarily with the import of luxury items;
SMEs that are subsidiaries of or controlled by large enterprises;
wastewater treatment activities; and water supply activities.

The purpose of this loan is to support jobs, create and expand operations of self-employed, micro-business owners.

Terms and conditions

Amount	Self-employed and herdsmen	Up to MNT 10 million
	Partnerships and cooperatives as well as citizens who have returned from jobs in a foreign country	Up to MNT 25 million
	Micro-industry and service providers	Up to MNT 50 million
Interest rate (MNT)		Annual 8.5%
Term		Up to 36 months
Service fee		0.5 % (min 50 000 MNT)
Grace period		Up to 6 months

Requirements

The loan applicant must be a self-employed person or a small business owner
Only customers who are residents of Ulaanbaatar
To be solvent and must have been running in the business at least 6 months;
Shall not have any classified non-performing loan history from other banks and NBFI and any outstanding past due loans;
Other requirements from TDB.
To have attended the business project development training organized by the district employment office of Ulaanbaatar city;
Have a project plan;/ To have ability of creating and maintaining full-time jobs under the project;/
Must have a “reference letter” stating that participated the tender organized by Working group under the district employment office, and selected and supported by them;

Required documents

For citizens:	For entities:
1. Loan application (From the banking sector or click HERE to download.) 2. A copy of the notarized citizen identification card (applies to a person whom the loan is jointly received). 3. Leasing contract, account statement, inventory balance 4. Marriage certificate (marital status if not married) 5. Other required documents (permission to run operations, licenses etc).	1. Loan application (From the banking sector or click HERE to download.) 2. State certificate of registration 3. Company rules; 4. Leasing contract, account statement, inventory balance 5. Other required documents (permission to run operations, licenses etc).

♻️ Saving collateralized loan

Overdraft

Eco car loan

Salary Loan

Electric car loan

Car loan

Green consumption loan via TDB’s branches

Green consumption loan via an e-commerce platform

You are able to get loan against term deposit in tugrug at low rate at any branch or TDB online. It allows you to earn interest on your term deposit while you borrow at low rate.

Loan amount max	Max. 90% of the account balance
Loan amount min	10,000 MNT
Interest rate	Saving's interest (annual)+6.00%
Term	It depends on your time deposit
Fee	No Fee

Requirements

Applier must have a time deposit with TDB

Documents

Personal ID

Where can I take saving collateralized loan?

Saving collateralized loan is available for you at the branch, where you have opened the time deposit account.

Your short-term financial needs for all types of payment cards, credit cards and lending to citizens' bank accounts.

You used the right loan paid back within one month. This loan has a maturity of up to one year.

Amount		Account shall be determined on the basis of income.
Interest rate	MNT	annual 21.60% (monthly 1.80%)
	USD	annual 18.00% (monthly 1.50%)
	EUR	annual 18.00% (monthly1.50%)
Term		12 months
Reimbursement tenore		30 days
Service fee		0.8%

Requirements

Trade and Development Bank account holders
To be used to account for the last 12 months
Loan repayment to income

Documents

Salary card holder

Current account holder, other account holder:

- Completed Overdraft application form

- Notarized copy of personal ID

- Organization description

- Social insurance book

- Completed Overdraft application form

- Notarized copy of personal ID

- Organization description

Collateral

Deposits (Cash)
Real Estate
Organization voucher

LOAN TERMS

Type of loan

Interest rate

(per annum)

Maximum loan amount

Advance payment

Term of the loan

Service fee

Eco car loans

Dual fuel (hybrid), LPG (gas)

17.40%

Does not exceed the value of the car

10%*

Up to 30 months

0.50% of the loan amount (up to MNT 500,000)

*0% advance payment may be applied to customers who receive their salary through TDB’s account and who provide residential or commercial real estate as a collateral on the loan.

DOCUMENTS REQUIRED FOR THE LOAN APPLICATION

Bring the original documents listed below. These include:

Loan application; (To download the loan application form, if you apply from the Bank’s branch, or if you are a citizen, click HERE; if you are an organization, click HERE)
Copy of Identification Card; (notarized)
If you do not pay social insurance, provide the statement from the place of work (the statement shall be valid for 30 days) and the salary breakdown and statement of the salary account;
In case you have a business income, provide a proof of income;
In the case of additional pledging of one's own assets, provide ownership rights and other documents, permits, and references of the assets proposed to be pledged as loan collateral;
Payment invoice from the car seller; (can be a purchase agreement)
Declaration of goods for customs border crossing;
If necessary, provide additional documents requested by the Bank.

The following documents can be obtained from the “HUR” system by scanning your fingerprints at the bank branch, or you can bring them in original.

Identification of the relevant residents’ committee (“khoroo”) or identification of the electronic machine of public services; (description shall be valid for 30 days)
Description of social insurance contributions received from the electronic machine of public services.

COLLATERAL

If you make an advance payment in the amount above the minimum advance payment, your car will covered by the car insurance and will be taken as the only loan collateral.

REQUIREMENTS

Mongolian citizens engaged in stable business activities for at least 1 year;
The borrower shall be working steadily in an organization for at least 6 months;
Having no overdue or non-performing loans to banks and financial institutions;
The borrower shall have the ability to repay the loan;
Other requirements from the bank.

TDB offers a salary loan under the following conditions:

Amount	Interest rate		Term
Up to 50 million MNT	MNT	annually 22.80%-17.40%	up to 30 months
		monthly 1.90%-1.45%
	USD	annually 16.80%
		monthly 1.40%
Service fee	1% (min 5000 MMNT)

* Effective percentage rate /annual/: MNT 18.25% -23.67%, USD 17.56%

Requirements

Must be a permanent employee of the organization providing salary through TDBank account;
Must be a permanent employee with the current employer at least 6 months tenure;
Must not have a bad credit history;
May require additional requirements, e.g. collateral, guaranty.

Documents

Required original documents:

Completed Salary Loan application form (provided by TDB, Please download click here)
Proof of employment for employee working for the company for up to 12 months (valid for 7 days);
Identity Card;
Other documents required by the bank.

Documents available on Khur system:

Proof of residency (valid for 30 days);
Proof of SHI payment.

PS: For co-borrowers, proof of employment is not required but proof of relationship with the borrower is required. Please click here to calculate your loan eligibility.

LOAN TERMS

		New	Old
Features of the loan		Probably not used	Used for 10 years or less from its manufacture date (applies to cars with or without license plates)
Interest rate (MNT)		* 16.32% per annum (1.36% per month)
Maximum loan amount		Does not exceed the value of the car	100.0 million MNT
Term of the loan	For an entity	Up to 96 months	Up to 48 months
	For a citizen	Up to 30 months	Up to 30 months
Minimum advance payment		10% (can be reduced to 0% for loans with a residential/commercial real estate collateral)
Car dealer		Official representative and supplier	Car dealer
Service fee		0.50% of the loan amount (up to MNT 500,000)

*Actual cost of loan (per annum): 19.84%

DOCUMENTS REQUIRED FOR THE LOAN APPLICATION

Bring the original documents listed below. These include:

Loan application; (To download the loan application form, if you apply from the Bank’s branch, or if you are a citizen, click HERE; if you are an organization, click HERE)
Copy of Identification Card; (notarized)
If you do not pay social insurance, provide the statement from the place of work (the statement shall be valid for 30 days) and the salary breakdown and statement of the salary account;
In case you have a business income, provide a proof of income;
In the case of additional pledging of one's own assets, provide ownership rights and other documents, permits, and references of the assets proposed to be pledged as loan collateral;
Payment invoice from the car seller; (can be a purchase agreement)
Declaration of goods for customs border crossing;
If necessary, provide additional documents requested by the Bank.

The following documents can be obtained from the “HUR” system by scanning your fingerprints at the bank branch, or you can bring them in original.

Identification of the relevant residents’ committee (“khoroo”) or identification of the electronic machine of public services; (description shall be valid for 30 days)
Description of social insurance contributions received from the electronic machine of public services.

COLLATERAL

If you make an advance payment in the amount above the minimum advance payment, your car will covered by the car insurance and will be taken as the only loan collateral.

REQUIREMENTS

To be a Mongolian citizen or an entity engaged in stable business activities for at least 1 year;
The borrower shall be working steadily in an organization for at least 6 months;
Having no overdue or non-performing loans to banks and financial institutions;
The borrower shall have the ability to repay the loan; Other requirements from the bank.

CAR CONDITION		New	Used car or Car with Mongolian plate number
LOAN PERIOD		30 months
		Company - 48 months
Amount		Does not exceed the purchase price	100 million MNT
DOWN PAYMENT		20-40%	10-30%
INTEREST RATE	MNT	annual 18.00%	annual 20.40% - 17.40%
		monthly 1.5%	monthly 1.70% - 1.45%
	USD	monthly 1.40%	Eco car* annual 17.40%
Effective percentage rate /annual/		MNT 18.53% USD 19.09%	18.53% - 20.91%
Collateral		Purchased car	Purchased car. If necessary additional fixed asset
Service fee		0.5% /up to 500,000 MNT/

Requirements

Bound business entity and organization that has been operating continuously for at least one year.
Individuals who have been running their business for at least one year or who have been employed for at least one year on a fixed salary.
Good financial capacity
Current account at TDB
Other requirements from the bank

The Trade and Development Bank of Mongolia (TDB) has introduced the "Green Consumption Loan" banking product with the aim to reduce air and soil pollution and mitigate climate change through promoting citizens’ purchases of eco-friendly products and/or services. The loan has favorable conditions and is eligible for citizens willing to acquire green products and/or services from suppliers that TDB has a cooperation agreement with. You may get the loan quickly in a comfortable environment of the Bank’s branch located near you.

Suppliers willing to cooperate with TDB in this regard, please contact us via telephone No. (+976) 11 311027 to learn more about cooperation possibilities.

LOAN TERMS

Loan amount	Up to 10.0 million MNT
Interest rate (monthly)	1.4%
Term of the loan	Up to 30 months
Advance payment for purchases	0%
Collateral	Revenue account, future income
Service Fee	No fee (does not apply to green consumption loans via e-commerce platform)

REQUIREMENTS

Must be a permanent employee with the current employer at least for the past 6 months;
If the borrower is a business owner, the relevant business entity must have been in stable operation for the past 12 months or have transferred income through TDB POS and TDB Pay services for 6 months.

TYPES OF LOAN FINANCING PRODUCTS

Electric heater;
Insulation material;
Small treatment plant;
Eco toilet;
Electric cars and scooters;
Energy-efficient house;
Energy-efficient product.

PARTNERS

1	Plastic Center LLC	http://plasticcenter.mn/
2	Clean Resource Development LLC	https://crd.mn/
3	BIO SEPTIC SERVICES LLC	https://www.facebook.com/BOHIRIINECOSHIIDEL/
4	Ultrasonic LLC	https://ultrasonic.mn/
5	Domogt Khan Altai LLC	https://www.facebook.com/EmotoMongolia/
6	New Bayan Bayar Termo LLC	https://www.facebook.com/profile.php?id=100076071530410
7	Outsourcing Construction LLC	https://www.facebook.com/ecosyntheticplastic.mn/

TDB is the first commercial bank to introduce online banking services in Mongolia in 2018, which provides to its customers the opportunity to save time and meet their needs online.

LOAN TERMS

Customer	No proof of income	Proof of income
	Customer of TDB and other banks	Customer who transfers income through TDB’s account	Customer who transfers income through other banks
Loan amount	From 100.0 up to 500.0 thousand MNT	From 100 thousand up to 10.0 million MNT
Interest rate (monthly)	2.00%	1.80%	1.90%
	♻️ Green consumption loan via an e-commerce platform 1.40%
Term of the loan	Up to 6 months	Up to 30 months
Service Fee	3%	1%
Advance payment for purchases (minimum amount)	20%	0% if the purchase ampount is below MNT 5.0 million
		10% if the purchase amount is more than MNT 5.0 million
Requirements to the borrower	No additional documents are required to confirm income	Must have received salary at TDB’s account for 6 or more months, must have transferred business income through TDB’s account for the past 12 months	Proof of income with a Social Insurance reference
	No delinquent or bad credit history according to the borrower’s credit reference

ADVANTAGES

Very simple

You may be a customer of any bank, just put the goods you want to buy in the basket and press the button to request a loan.

There is no need to prepare materials

No documents are required to send a loan request of up to 500.0 thousand MNT. It would be sufficient if you provide your personal information accurately.

An opportunity to get a loan with no advance payment and a lower interest rate

Regardless of the bank you deal with, you can get a loan of up to 10.0 million MNT by proving your income using your internet banking login and password.

Credit decision process

Your loan request is responded to by a system operating for 24/7.

Your goods will be delivered

The goods you ordered will be delivered to your registered address directly.

PARTNERS

1	Shoppy LLC	https://shoppy.mn/
2	Next Electronics LLC	https://next.mn/
3	IT Zone LLC	https://www.itstore.mn/
4	PC mall LLC	https://pc-mall.mn/ https://dellcenter.mn/
5	Vista Technology LLC	https://vistastore.mn/
6	Michel&Amazonka LLC	https://michelamazonka.com
7	Technozone LLC	https://technozone.mn/
8	Aylaliin anduud LLC	https://joinme.mn/
9	BCT LLC	https://www.bestelectronics.mn/
10	Gerelt Nar Od LLC	https://angelinavoloshina.mn/
11	Natural Textile Group LLC	https:/erdenetmall.mn/
12	Urbanshop LLC	https://urbanshop.mn/
13	Store MN LLC	https://store.mn/
14	Smart Deal LLC	https://smartstore.mn/
15	Goo Od Bileg LLC	https://amex.mn/
16	UTA LLC	https://uta.mn/
17	QNS LLC	https://husug.mn/
18	100 Ail Platform LLC	https://100ail.mn/
19	Cybercom LLC	https://cybercom.mn/

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