Skip to main content
Awlgabaritsaalsnzeel

Receivables secured loan

We offer financing for short-term working capital needs by securing your receivables. 

Loan condition
Currency:

 

Loan

Credit Line

Loan amount

Up to 90% of the invoice amount

Credit line limit is based on the highest invoice amount executed in the last year / Must have a contract for the supply of products and services/

Loan interest

1.60% - 1.90% per month

Interest on unused balance:

per annum 3.0% - 1.0%

Loan term

Up to 75days

Up to 12 months

Main collateral

Accounts receivable

Additional collateral

Movable assets + Immovable assets + Guarantee

Loan service fee

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

Requirement

  • A legal entity registered in Mongolia

  • At least 1 year of stable operation in the field of business and to have solvency

  • Legal entity registered in Mongolia, along with legally complaint documents 

  • No overdue or non-performing loans and interest debts to other banks and non-bank financial institutions

  •  Have a current account with TDB, agreement to receive contract revenue through this account. (In the contract and invoice with the payment contractor you must state that account receivables is payable to the TDB account). 

  • To meet other requirements set by TDB

Required document

  • Loan application letter

  • Information on business activities

  • Certificate of state registration, company charter / if the original cannot be brought, a copy must be notarized/

  • Resolution of the shareholders' meeting (Board of Directors) authorizing borrowing and collateralizing company’s assets 

  • Short resume and ID of authorized person /if the original cannot be brought, a copy must be notarized/. 

  • Financial statements and other proofs of income and expenses for the previous 3 years reviewed by the audit Company and relevant tax authorities.

  • Evidence of valid contracts, purchase orders, invoices and other receivables.

  • Other required documents

Recommended products

r
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.

cor
Overdraft

You are able use this service in order to find a solution in a short time for all type of your financial demand.

Smb
POS Income Collateralized Loan

We offer "Pos Income Collateralized Loans" for business owners who use POS devices without requiring additional collateral.

Oyutolgoihanganniiluulegch
Loan and Credit Line for Oyu Tolgoi LLC Suppliers

If you have a contract with Oyu Tolgoi LLC for the supply of products and services, or take a loan collateraling the contract.