Loan for exporters
We offer export loans tailored to finance your working capital needs, covering everything from pre-shipment and post-shipment stages to the receipt of payment.
Service condition
Currency:
MNT
Terms and conditions of the loan | |
|---|---|
Scope | Small and medium sized enterprises |
Loan amount | up to 2 billion MNT /70-90% from contract price/ |
Guarantee amount from Credit Guarantee Fund | up to 1.2 billion MNT |
Guarantee coverage from Credit Guarantee Fund | up to 30-60% |
Interest rate | 10.36% – 12.34% /annually/ |
Service charge from Credit Guarantee Fund | 50,000 MNT |
Guarantee fee from Credit Guarantee Fund | 1% |
Loan term | up to 12 months |
Loan fee | according to the General terms and conditions |
Requirement
- Must have a registration certificate as a small and medium enterprise and service provider issued by the Small and Medium Enterprises Agency;
- Must have been operational for over one year with consistent income revenue
- Must have no outstanding non-performing loans or adverse credit history.
- The buyer must have a proven track record of delivering goods and receiving payment on time at least once before.
- Must have a valid sales and purchase agreement with the importing company;
- The sales and purchase agreement with the importing company must stipulate that payment is to be received through the TDB account.
- Must have a document confirming the goods have been shipped;
- The field of activity of the organization must not be included in the list of prohibited activities by the Credit Guarantee Fund;
- The credit rating of the bank issuing the LC should range from "AAA" to "BB+" by S&P and Fitch, or from "Aaa" - "Ba1" by Moody's (In case of opening an export LC, the LC payment can be used as a loan collateral)