Loan for Exporters
Power your exports with our tailored loans! Finance your working capital needs across pre-shipment, post-shipment, and payment receipt stages. Apply now!
MNT
Terms and Conditions | |
|---|---|
Scope | Small and medium sized enterprises |
Loan amount | up to MNT 2 billion /70-90% from contract price/ |
Guarantee amount from Credit Guarantee Fund | up to MNT 1.2 billion |
Guarantee coverage from Credit Guarantee Fund | up to 30-60% |
Interest rate | 10.36% – 12.34% /annually/ |
Service charge from Credit Guarantee Fund | MNT 50,000 |
Guarantee fee from Credit Guarantee Fund | 1% |
Loan term | up to 12 months |
Loan fee | according to the General terms and conditions |
Eligibility Requirements
SME Registration:
- Must hold a Small and Medium Enterprise (SME) registration certificate issued by the SME Agency.
Operational Stability:
- Must have been operational for over one year with consistent income revenue.
Credit History:
- Must have no outstanding non-performing loans or adverse credit history.
Buyer Track Record:
- The buyer must have a proven record of delivering goods and receiving payment on time at least once.
Valid Agreement:
- Must have a valid sales and purchase agreement with the importing company, specifying that payment will be received through a TDB account.
Shipment Documentation:
- Must provide documentation confirming the goods have been shipped.
Compliance:
- The organization’s field of activity must not be listed under prohibited activities by the Credit Guarantee Fund.
LC Issuer Credit Rating:
- For export LC-backed loans, the bank issuing the LC must have a credit rating ranging from:
- "AAA" to "BB+" (S&P and Fitch)
- "Aaa" to "Ba1" (Moody’s)
The LC payment can be used as collateral for the loan.