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Contract-Backed Loan 

A loan product to be repaid from future income regulated by a contract for the supply of goods concluded between a government organization and company.

Loan condition
Currency:

Contract-Backed Loan

Loan amountUp to MNT 1 billion, or up to 80% of the income defined in the contract
Loan interest (MNT)

Annual 19.2%-22.8%,

Monthly 1.6%-1.9%

Loan termUp to 12 months, not exceeding the contract term 
Service fee0.5%
Requirement

  • Two years of tendering experience

  • Tender success

  • A contract for the supply of goods with the customer

  • The goods must have been supplied once before under the goods supply contract

  • Other requirements from TDB.

Required document
  • Official Loan Request
  • Business Activity Presentation
  • Certificate and Rules of State Registration of a Legal Entity /Original Copy or Notarization/
  • Decision of the Board Members on lending, and foreclosure / Decisions are made by the shareholders when the board members are in absence/
  • Brief application form of authorized person, citizenship certificate /original or notarized/
  • Financial statements and other income and expenditure statements for the previous 3 years
    reviewed by the auditing agency or the relevant tax office
  • Proof of Valid Contracts
  • Other required documents