Loan and Credit Line for Supplier of OYU TOLGOI
Credit and credit line products for suppliers of Oyu Tolgoi LLC.
MNT
USD
| Invoice-Backed Loan | Invoice-Backed Credit Line |
|---|---|---|
| Type of Loan | Working Capital Financing | |
Loan amount | Up to 90% of the invoice amount | Credit limit set based on the highest invoice amount completed |
| Loan term | Up to 75 days | 24 months |
| Loan Interest | 13.8% - 17.0% | |
| Loan Service fee | No fee | |
| Collateral | Receivable invoiced to Oyu Tolgoi LLC | |
| Invoice-Backed Loan | Invoice-Backed Credit Line |
|---|---|---|
| Type of Loan | Working Capital Financing | |
Loan amount | Up to 90% of the invoice amount | Credit limit set based on the highest invoice amount completed |
| Loan term | Up to 75 days | 24 months |
| Loan Interest | 9.6% - 12% | |
| Loan Service fee | No fee | |
| Collateral | Receivable amount 100% | |
- Must be legal entity registered and operating in Mongolia
- Must be a supplier to Oyu Tolgoi LLC
- To be solvent and must have been running in the business at least a year
- Must hold the relevant operating permits or licenses issued by authorities, along with legally complaint documents
- Must have no overdue or non-performing loans with other banks or non-bank financial institutions
- Must open an account in TDB, agreeing to receive revenue from the contract through this account. (Payment agreement and invoice must state that account receivable to be collected through TDB account)
- Must meet other requirements from TDB
Гадаад паспорт (Шаардлагатай тохиолдолд гадаад паспорт болон Монгол улсад оршин суух үнэмлэх)
Гадаад паспорт (Шаардлагатай тохиолдолд гадаад паспорт болон Монгол улсад оршин суух үнэмлэх)
Гадаад паспорт (Шаардлагатай тохиолдолд гадаад паспорт болон Монгол улсад оршин суух үнэмлэх)
Recommendation
It is a loan to be paid on future income that is regulated by a supply contract between a government orgazination or private entity and the borrower.
A product that allows buyers (borrowers) to conduct online transfers to suppliers' account for goods and services payment, using a supply chain credit line limit provided by the bank.
A loan product designed to finance working capital by secured of business receivables.
