This loan is for small and medium-sized enterprises (SME) with lack of collateral to expand their businesses and start new projects. Moreover, you can buy assets, equipment, and finance current assets.
You can get a loan at lower interest rate than regular loan for business that guaranteed by Credit Guarantee Fund from all our branches.
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 legal entities:
For individuals: