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Micro Business Loan

Loan type Micro business loan
Loan size MNT 2 million - MNT 50 million
Loan period 3-24 months
Interest rate 2.1%-2.3%
General requirements and conditions
  • An applicant applying for micro business loan must be conducting business operations for no less than 3 months prior to loan application
  • An applicant applying for SME loan must be conducting business operations for no less than 6 months prior to loan application
  • Must operate within the jurisdiction of Ulaanbaatar city
  • Business related documents
  • Loan applicant must have the financial ability to repay the loan
  • Loan applicant must not have any overdue payment obligations
  • Loan applicant must have the necessary collateral to fully cover the loan
Required documents

For citizens:

  • Customer application form /NBFI application form/
  • Loan application /NBFI application form/
  • Appropriate photo of loan applicant
  • Valid identification card
  • Documents supporting the ownership of collateral
  • Supporting documents for proof of income, account statements
  • Others, if necessary

For entities:

  • Client application form /NBFI form)/
  • Loan application /NBFI form/
  • Certificate of entity, special permissions, company charter
  • Valid identification card of the CEO,
  • Document entitling the CEO to request and make loan contract and accrediting the CEO temporary
    ownership of company assets on behalf of the entity
  • A copy of financial statement for the previous year, Sales contract, Performance contract, Account statements
  • List of assets to be used as collateral
  • Others, if necessary

Small and medium-sized business loans (for investment)

Loan type Small and medium-sized business loans (for investment)
Loan size Min: MNT 50 million, Max: MNT 50 million(Citizen), MNT 200 million (Entity)
Loan period 6-36 months
Interest rate 2.1%-2.3%
General requirements and conditions
  • An applicant applying for micro business loan must be conducting business operations for no less than 3 months prior to loan application
  • An applicant applying for SME loan must be conducting business operations for no less than 6 months prior to loan application
  • Must operate within the jurisdiction of Ulaanbaatar city
  • Business related documents
  • Loan applicant must have the financial ability to repay the loan
  • Loan applicant must not have any overdue payment obligations
  • Loan applicant must have the necessary collateral to fully cover the loan
Required documents

For citizens:

  • Customer application form /NBFI application form/
  • Loan application /NBFI application form/
  • Appropriate photo of loan applicant
  • Valid identification card
  • Documents supporting the ownership of collateral
  • Supporting documents for proof of income, account statements
  • Others, if necessary

For entities:

  • Client application form /NBFI form)/
  • Loan application /NBFI form/
  • Certificate of entity, special permissions, company charter
  • Valid identification card of the CEO,
  • Document entitling the CEO to request and make loan contract and accrediting the CEO temporary
    ownership of company assets on behalf of the entity
  • A copy of financial statement for the previous year, Sales contract, Performance contract, Account statements
  • List of assets to be used as collateral
  • Others, if necessary

Small and medium-sized business loans (for fixed assets)

Loan type Small and medium-sized business loans (for fixed assets)
Loan size Min: MNT 50 million, Max: MNT 50 million(Citizen), MNT 200 million (Entity)
Loan period 3-24 months
Interest rate 2.1%-2.3%
General requirements and conditions
  • An applicant applying for micro business loan must be conducting business operations for no less than 3 months prior to loan application
  • An applicant applying for SME loan must be conducting business operations for no less than 6 months prior to loan application
  • Must operate within the jurisdiction of Ulaanbaatar city
  • Business related documents
  • Loan applicant must have the financial ability to repay the loan
  • Loan applicant must not have any overdue payment obligations
  • Loan applicant must have the necessary collateral to fully cover the loan
Required documents

For citizens:

  • Customer application form /NBFI application form/
  • Loan application /NBFI application form/
  • Appropriate photo of loan applicant
  • Valid identification card
  • Documents supporting the ownership of collateral
  • Supporting documents for proof of income, account statements
  • Others, if necessary

For entities:

  • Client application form /NBFI form)/
  • Loan application /NBFI form/
  • Certificate of entity, special permissions, company charter
  • Valid identification card of the CEO,
  • Document entitling the CEO to request and make loan contract and accrediting the CEO temporary
    ownership of company assets on behalf of the entity
  • A copy of financial statement for the previous year, Sales contract, Performance contract, Account statements
  • List of assets to be used as collateral
  • Others, if necessary

Project loan

Loan type Project Loan
Loan size Depending on the established contract with Microfinance Development Fund
Loan period
Interest rate
General requirements and conditions
  • An applicant applying for micro business loan must be conducting business operations for no less than 3 months prior to loan application
  • An applicant applying for SME loan must be conducting business operations for no less than 6 months prior to loan application
  • Must operate within the jurisdiction of Ulaanbaatar city
  • Business related documents
  • Loan applicant must have the financial ability to repay the loan
  • Loan applicant must not have any overdue payment obligations
  • Loan applicant must have the necessary collateral to fully cover the loan
Required documents

For citizens:

  • Customer application form /NBFI application form/
  • Loan application /NBFI application form/
  • Appropriate photo of loan applicant
  • Valid identification card
  • Documents supporting the ownership of collateral
  • Supporting documents for proof of income, account statements
  • Others, if necessary

For entities:

  • Client application form /NBFI form)/
  • Loan application /NBFI form/
  • Certificate of entity, special permissions, company charter
  • Valid identification card of the CEO,
  • Document entitling the CEO to request and make loan contract and accrediting the CEO temporary
    ownership of company assets on behalf of the entity
  • A copy of financial statement for the previous year, Sales contract, Performance contract, Account statements
  • List of assets to be used as collateral
  • Others, if necessary

Credit Line

Loan type Credit Line
Loan size Min: MNT 20 million, Max: MNT 200 million
Loan period 24 months
Interest rate 2.1%-2.3%
General requirements and conditions
  • An applicant applying for micro business loan must be conducting business operations for no less than 3 months prior to loan application
  • An applicant applying for SME loan must be conducting business operations for no less than 6 months prior to loan application
  • Must operate within the jurisdiction of Ulaanbaatar city
  • Business related documents
  • Loan applicant must have the financial ability to repay the loan
  • Loan applicant must not have any overdue payment obligations
  • Loan applicant must have the necessary collateral to fully cover the loan
Required documents

For citizens:

  • Customer application form /NBFI application form/
  • Loan application /NBFI application form/
  • Appropriate photo of loan applicant
  • Valid identification card
  • Documents supporting the ownership of collateral
  • Supporting documents for proof of income, account statements
  • Others, if necessary

For entities:

  • Client application form /NBFI form)/
  • Loan application /NBFI form/
  • Certificate of entity, special permissions, company charter
  • Valid identification card of the CEO,
  • Document entitling the CEO to request and make loan contract and accrediting the CEO temporary
    ownership of company assets on behalf of the entity
  • A copy of financial statement for the previous year, Sales contract, Performance contract, Account statements
  • List of assets to be used as collateral
  • Others, if necessary
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