Freight forwarding
We offer you a product to finance payments and settlements between freight forwarding companies, customs authorities, and importing organizations.
MNT
Terms and conditions of Credit line | |
|---|---|
Loan amount | Up to 500,000,000 MNT |
Loan tenor | Up to 12 months |
Interest rate | Up to 20.4% |
Repayment terms | The repayment of each invoice shall be 30-75 days |
Commitment rate | 0.0% |
Collateral | There is a balance of inventory and goods in transit with the logistics company. |
Terms and conditions of Guarantee | |
Risk commission of Guarantee | 6% /per annum/ |
- The borrower or the logistics company's client must have experience in shipping goods
- There must be an active transportation order at the time of applying for a loan from the bank
- There should be a collaboration/agreement with the logistics company
- Audited financial statements for the last two years
- The carrier or the logistics company must have a cooperation agreement with the bank
- Transportation order agreement and invoice documentation from the last year with the carrier or logistics company
- Customs tax payment documentation for the last year
Recommended products
A service that provides short-term financing to suppliers through the bank's purchase of receivables arising between suppliers and buyers.
To quickly finance working capital based on the export LC without requiring a collateral.
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.
A letter of credit is a payment method that arranges conflict of interests between the buyer and the seller and used with the purpose to decrease the risk caused by the payment to be made and default of product supply.