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Equipment financing loan

If you are looking to buy equipment, we offer you the most favorable conditions.

Loan condition
Currency:

Equipment financing loan

Loan amount

Up to 70% of the equipment’s total cost or a minimum of MNT 50million 

Loan interest

MNT

1.5-1.9% (per month)

USD

1.3-1.7% (per month)

Loan term

Up to 60 months

Loan service fees

0.5% (If loan amount is above ₮5 billion: 0.3%)

Down payment

Аt least 30%

Collateral

Equipment to be financed with a loan (requires additional collateral if necessary)

Insurance

The equipment and machinery to be financed by the loan must be covered by property insurance

Requirement

  • Equipment shall not have any physical or technical defects or any violations

  • As of the date of signing the loan agreement, it must be proved by relevant documents that the equipment is new, or that it has been used for no more than 1/3 (one third) of its total useful life (depreciation period of the equipment)

  • Equipment must have all the permits, certificates, and related documents required for sale, purchase, use, possession, and operation.

  • Must be a commonly used and fast selling item on the market

  • Equipment shall be in use and operation within 6 months of loan financing. 

  • Other requirements from the bank

Required document

  • Loan application - Company (form-069), information authorized signatories to sign financial documents (form-070)

  • State registration certificate

  • Company charter

  • Resolution of the shareholders' meeting (Board of Directors) authorizing borrowing and pledging the company's real estate

  • Permit and special operations license

  • Collateral certificate, certificate of land title, land ownership certificate, contract, cadastral map, power of attorney if necessary (original copy)

  • Contracts related to business activities

  • Basic documents proving income, expenses, payables, receivables and financing

  • Documents and materials related to environmental and social responsibility

  • Documents related to loan use and purpose

  • Other necessary documents

    For equipment:

  • Sales and purchase contracts or invoices

  • Description of equipment

  • Equipment capacity and quality information 

  • Copy of the certificate of old movable equipment, technique and machinery if available.

  • Copy of technical passport or production certificate for installed and operational equipment

  • Customs documents for imported and new equipment

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