Overdraft
You are able use this service in order to find a solution in a short time for all type of your financial demand.
Loan condition
Currency:
MNT
Terms and Conditions | |
|---|---|
| Loan amount | Up to MNT 500,000,000.0 (five hundred million) (depends on transactions through current account) |
| Loan interest rate | Monthly interest rate on business loan + 0.2% (per month) |
| Duration to use the right | Up to 6 months |
| Repayment period | 1 month (The time allowed for the client to repay the overdraft balance to the bank) |
| Service fees | 0.5 percentage (one-time fee) |
| Collateral | Current account income (requires additional collateral if required) |
Requirement
- Legal Registration: Must be a legal entity registered in Mongolia.
- Banking Relationship: Must have a current account with the bank and have processed sales revenue and fund transfers through the account for at least 2 years.
- Business Experience and Solvency: Must have a minimum of 2 years of experience in the business field and demonstrate financial solvency.
- Credit History: No history of overdue or non-performing loans with banks or non-banking financial institutions.
- Business Stability: Income must be non-seasonal and not dependent on a single buyer or supplier.