Бичил бизнесийн зээл

Micro-Enterprise Loan

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Purpose

Business loan secured by real estate to finance the current assets of small businesses such as stalls, containers, pavilions and workshops.

Loan amount

Loan amount

Up to 10
million MNT
Interest rate (monthly)

Interest rate (monthly)


3.5-4.0%
Loan term

Loan term


1-12 months

Loan amount

Up to 10 million MNT

Interest rate (monthly)

3.5-4.0%

Loan term

1-12 months

Service fee

0.5% of Loan amount

Application fee

10.000 MNT

  • Works in a production and service industry and have to enough experience /More than 3 years’ experience/
  • One member of the family can become a co-borrower and should meet the requirements for borrowers.
  • The license should be obtained from the relevant authority and other documents met the requirements of the law
  • Must have repayment proof
  • Should have satisfactory collateral
  • Don’t have to bad credit history on Mongolian Loan Database
  • Others

An individual

  • ID /registration number/ of applicant and co-borrower
  • 1 copy of portrait photo
  • Co-owner’s permission (if have co-owner)
  • Document for proof of income
  • Collateral certificates

Organization

  • ID card of the person authorized to sign the loan agreement (Founder, CEO, Executive Director etc.)
  • Business privilege license
  • Organization’s certificate of registration
  • Documents of collaterals
  • Financial statement and bank account statement.

Loan request condition

Loan amount

Up to 10 million MNT

Interest rate (monthly)

3.5-4.0%

Loan term

1-12 months

Service fee

0.5% of Loan amount

Application fee

10.000 MNT

 

Requirements

  • Works in a production and service industry and have to enough experience /More than 3 years’ experience/
  • One member of the family can become a co-borrower and should meet the requirements for borrowers.
  • The license should be obtained from the relevant authority and other documents met the requirements of the law
  • Must have repayment proof
  • Should have satisfactory collateral
  • Don’t have to bad credit history on Mongolian Loan Database
  • Others

Loan request document

An individual

  • ID /registration number/ of applicant and co-borrower
  • 1 copy of portrait photo
  • Co-owner’s permission (if have co-owner)
  • Document for proof of income
  • Collateral certificates

Organization

  • ID card of the person authorized to sign the loan agreement (Founder, CEO, Executive Director etc.)
  • Business privilege license
  • Organization’s certificate of registration
  • Documents of collaterals
  • Financial statement and bank account statement.

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