Skip to main content
cor

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

Санал болгох үйлчилгээ

Кредит карт
Эко автомашины зээл

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Кредит карт
Эко автомашины зээл

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Кредит карт
Эко автомашины зээл

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Кредит карт
Эко автомашины зээл

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.