Business loan

TDB’s working capital loans are suitable for financing all kinds of working capital needs and short-term business expenses.

Amount		Up to MNT 350 million
Interest rate MNT		annual 16.2% - 22.2% monthly 1.35% - 1.85%
Term		36 months
Service fee		0.5% (min 50 000 MNT)

* Effective percentage rate /annual/:16.92%-22.93%

Individuals, enterprises and organizations invested businesses, operations, and scope of services for the expansion of credit.

Amount	Up to MNT 350.0 million	Above MNT 350.0 million
Interest rate MNT	annual 16.2% - 22.2% monthly 1.35% - 1.85%	Flexible depending on borrower’s risk rating
Term	60 months
Service fee	0.5%
Other terms	20-30 percent of the total budget must be financed or can be finance from its own resources.

* Effective percentage rate /annual/:16.92%-22.93%

Type	Trade, development bank POS, TDB Pay merchant	Wholesale and retail traders
Amount	Up to MNT 100 million	Up to MNT 50 million
Interest rate* (MNT)	Annual 17.0% - 20.0% Monthly 1.42% - 1.67%	Annual 19.2% - 22.8% Monthly 1.6% - 1.9%
		Up to 6 months	Up to 7-12 months	Up to 13-24 months
		20.4%	21.6%	22.8%
Term	Up to 24 months
Collateral	Product materials, account surplus, guarantee, movable property
Service fee	0.5 % (min 50 000 MNT)

Type

Trade, development bank POS, TDB Pay merchant

Wholesale and retail traders

Requirements

Maintained sustainable operation for the past one year

Received regular income over the past 6 months through Trade, development bank POS, and TDB Pay merchant

Maintained sustainable operation for the past one year

Be the principal landlord or owner of major marketplaces

Borrower	Small and medium-sized enterprises (SME)
Loan amount	Until MNT 1 billion
Interest rate	12%-15% per annum
Tenor	Up to 10 years
Grace period	Up to 2 years
Service fee	0.3% (min 50 000 MNT)
Amount of guarantee	30%-60% of total loan amount
Guarantee commission of Credit guarantee fund	50,000 MNT
Guarantee fee of Credit guarantee fund	1% of total guaranteed amount every year

For citizens:		For entities:
1. Loan application (From the banking sector or click HERE to download.) 2. A copy of the notarized citizen identification card (applies to a person whom the loan is jointly received). 3. Leasing contract, account statement, inventory balance 4. Marriage certificate (marital status if not married) 5. Other required documents (permission to run operations, licenses etc).		1. Loan application (From the banking sector or click HERE to download.) 2. State certificate of registration 3. Company rules; 4. Leasing contract, account statement, inventory balance 5. Other required documents (permission to run operations, licenses etc).

For legal entities:

Loan application (Please click here or visit branch to find the form);
Certificate or Reference of Small-medium sized enterprise;
Company charter and regulations;
Sharerholder approval to get the this loan;
Copy of personal ID of exceutve managers;
Introduction of company;
Project introduction (Please find the form from our branch);
Financial statements for the last 1-2 years;
Contracts associated with business operation;
Operational licenses if there is special license requirement;
Collateral and land documents (original);
Income, expense, payable, receivable, and essential documents to prove funding;
Detailed reference to real estate owned by loan applicant;
Other documents required from the applicant during the loan analysis process.

For individuals:

Loan application (Please click here or visit branch to find the form);
Certificate or Reference of Small-medium sized enterprise;
Copy of personal ID (relevant for co-borrower as well);
Operational licenses if there is special license requirement;
Project introduction (Please find the form from our branch);
Collateral and land documents (original);
Financial statements for the last 1-2 years, if do not report financial statements, balance statements and bookkeeping note are required;
Contracts associated with business operation;
Income, expense, payable, receivable, and essential documents to prove funding;
Detailed reference to real estate owned by partner of loan applicant;
Other documents required from the applicant during the loan analysis process.

For legal entities:

State registration document

Company charter
Shareholder approval for the loan application
Financial statement for the last 2-3 quarters
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Other documents required from the applicant during the loan analysis process

For individuals::

Notarized copy of personal ID (relevant for co-borrower as well)
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Marriage certificate
Other documents required from the applicant during the loan analysis process

For legal entities:

State registration document

Company charter
Shareholder approval for the loan application
Financial statement for the last 2-3 quarters
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Other documents required from the applicant during the loan analysis process

For individuals::

Notarized copy of personal ID (relevant for co-borrower as well)
Operational licenses
Collateral document (original), collateral evaluation document (exclusion for apartments and houses), land ownership certificate, note from Immoveable Property Registration Office which confirms that proposed collateral is free
Marriage certificate
Other documents required from the applicant during the loan analysis process

production or activities involving harmful or exploitative forms of forced labor1 or child labor;2
production of or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements or subject to international phase-outs or bans, such as (a) pharmaceuticals,3 pesticides, and herbicides,4 (b) ozone-depleting substances,5 (c) polychlorinated biphenyls6 and other hazardous chemicals,7 (d) wildlife or wildlife products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora,8 and (e) transboundary trade in waste or waste products;9
production of or trade in weapons and munitions, including paramilitary materials;
production of or trade in alcoholic beverages, excluding beer and wine;10
production of or trade in tobacco;10
gambling, casinos, and equivalent enterprises; 10
production of or trade in radioactive materials,11 including nuclear reactors and components thereof;
production of, trade in, or use of unbonded asbestos fibers;12
commercial logging operations or the purchase of logging equipment for use in primary tropical moist forests or old-growth forests;
marine and coastal fishing practices, such as large-scale pelagic drift net fishing and fine mesh net fishing, harmful to vulnerable and protected species in large numbers and damaging to marine biodiversity and habitats;
real estate investment, if non-owner occupied, or property acquisition;
commercial real estate construction unless SME owner-occupied
heavy construction material-related sectors;
multi-family housing construction;
all mining, mineral processing and extraction activities;
businesses involved with oil or energy import;
businesses involved primarily with the import of luxury items;
SMEs that are subsidiaries of or controlled by large enterprises;
wastewater treatment activities; and water supply activities.