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
Overdraft | |
|---|---|
| Loan amount | Up to 500,000,000.0 (five hundred million) MNT (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 (Duration to refund to overdraft bank balance from client) |
| Service fees | 0.5 percentage (1 time) |
| Collateral | Current account income (requires additional collateral if required) |
Requirement
Legal entity registered in Mongolia
Have a current account with the bank and have received sales revenue and transferred funds through the current account for at least 2 years
Must have at least 2 years of experience in the field of business and have solvency
No overdue or non-performing loan history at banks and non-banking financial institutions Business income shall be non-seasonal based and independent of a single buyer/supplier