Corporate business loan

2019-03-19More »

Purpose of the loan

Loan for businesses or organizations to finance their financial needs

Loan amount

MNT 10,000,000-100,000,000

Loan interest (monthly)


Loan interest (yearly)


Loan term

3 - 24 months

Loan fee



Can pledge real state (apartment, garage, parking lot) located in Ulaanbaatar

Cannot pledge private homes and lands /with houses/

/Value of the collateral should be 2 times higher than sum of the principal and interest payable during validity of the Loan Agreement/ 

True cost of loan (monthly)


True cost of loan (yearly)


Requirements for borrower:

  • Must be a legal entities conducting business activities continuously and successfully for a minimum of 2 years in the market and have official financial statements;
  • Must awarded the contracts related to its business operations;
  • Must not have any loan default records or bad credit histories from other banks and non-banking financial institutions regarding debts payable;
  • Must have no tax obligations.

Requirements for financial responsibility of borrower:

  • Sum of total loan acquired must not exceed 40% of its annual sales income;
  • Last 12 month’s income must be confirmed;
  • Must have been profitable over the last 2 reporting period (2 quarters);
  • Regular business income must be confirmed by bank statement.

Requirements for the collateral:

  • Must pledge immovable properties (apartment, parking lot, garage) located in Ulaanbaatar;
  • Must not pledge private homes and lands (with houses);
  • Value of the collateral must be two times higher than sum of principal and interest payable during term of the Loan Agreement and its ownership title must be vested in the borrower and co-borrower;
  • The collateral must be free from any encumbrances including secured payment obligation, pledge or guarantee.


Borrower must collect and submit the following documents to credit officer of the bank:

  • ID cards of duly authorized signatories;
  • Application or request by legal entity and its authorized persons (use bank’s template);
  • Original and notarized copy state registration certificate of legal entity;
  • Legal entity’s articles of association, founding document and their amendments;
  • Minutes of meeting and decisions of Shareholders and Board of Directors meetings consenting to apply for loan and pledge collateral;
  • License, permit, contract and transaction related to business operations;   
  • Last 2 years’ financial information:
    • Audited and confirmed financial statements;
    • Revenue report;
    • Cash transaction and cash trading report;
    • Statement of changes in equity;
    • Tax Office’s reference.
  • Other financial documents related to additional income;
  • Bank statements;
  • Related to project to be financed:
  • Project feasibility study;
  • Loan repayment calculation;
  • Cash trading report;
  • Contracts and transactions executed under project to be financed;
  • Other required estimates and information;
  • Project related payment receipts.
  • Original Concernownership certificate;
  • Reference of property ownership right certificate;
  • Notarized consent approving to pledge the collateral or co-borrower’s collateral;
  • External appraiser’s property valuation report and certificate.
  • Related to collateral:
  • Loan agreement, pledge agreement, repayment schedule and reference on outstanding loan amount, if got loan from other banks;
  • Other documents and materials required by the bank during eligibility investigation.

Further information is available at:, Telephone: 94100500.94100600.94100700. 319038 (120, 121, 123, 124, 125).


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