Contract-Backed Loan

Loan condition

Terms and Conditions
	Loan	Credit Line
Loan amount	Up to MNT 1.0 billion, and receivables arising from the contract must not exceed 80% of contract revenue	Receivables arising from the contract must not exceed 80% of contract revenue
Loan interest (annual)	19.2%-22.8%	For unused credit line balance: 4.0%
Loan term	Up to 12 months
Loan service fee	0.5% (If the loan amount is above MNT 5 billion: 0.3%)
Additional collateral	Movable assets + Immovable assets

Requirement

Tendering Experience: Minimum of two years.
Tender Success: Proven record of successful tenders.
Supply Contract: Valid contract for the supply of goods with the customer.
Previous Supply Record: Goods must have been supplied at least once under the current supply contract.
Additional Criteria: Must meet other requirements specified by TDB.

Required document

Official Loan Request: A formal letter requesting the loan.
Business Activity Presentation: Detailed presentation of the business operations.
State Registration Certificate and Rules:
o Original copy or notarized version of the certificate and regulations of legal entity registration.
Board Decision:
o Decision by the Board of Directors on lending and foreclosure.
o If no Board exists, the shareholders' decision is required.
Authorized Person Documents:
o Brief application form for the authorized person.
o Citizenship certificate (original or notarized).
Financial Statements:
o Income and expenditure statements for the previous three years.
o Reviewed by an auditing agency or the relevant tax office.
Proof of Valid Contracts: Documentation of active business contracts.
Additional Requirements: Any other documents requested by the bank.