Services
-Trust account
service
-Loan
-Training, advisory and consultative
services to the customers
1.
Trust account service
Dear customers, we offer for you a new
service – trust account service.
General condition of the service is as
follows:
Terms
|
Return /monthly/ |
MNT |
USD |
Demand account |
0,8% |
0,4% |
3-6 months |
1,3% |
0,7% |
6-9 months |
1,4% |
0,8% |
9-12 months |
1,5% |
0,9% |
More than 12 months |
1,6% |
1,0% |
For the time trust account if money withdrawn
before the term expiration the return will be as of demand
account.
| Open account |
No charge |
| Initial minimum balance requirement |
10,000 MNT or 10 USD
|
| Convert USD to MNT and open MNT account or MNT and
open USD account |
Convertion will be done at Mongolbank current day
rate |
| Print record of the account |
No charge |
The reasons why you will be in benefits while trust
account to this NBFI:
1. The monthly return is offered is higher
than of commercial banks by 0.2-0.3 points.
2. NBFI are constantly monitored by Financial Regulation
Committee and committed to perform operations to ensure
adequate prudential ratio of equity availability and payment
ability.
3. Only few NBFIs performing well to satisfy
the ratios are given authorization to provide trust service
and it’s paid-in-capital threshold is more than 1.0 billion
MNT.
4. Financial Regulation Committee requirement
is high - NBFI equity shall not be less than 40 percent
of all assets. It means that risks involved in placing deposits
by you will be secured at 40 percent by own equity.
5. Your money growth and protection are
ensured by highly qualified professionals working in the
NBFI and its recent performance of credit back payment at
97-98 percent.
Thus, we invite you to join us and gain mutual
benefits.
Top . . .
2.
Loan
Top . . .
List of loan
documentation:
For enterprises:
• Loan application //
/Please fill an application form correctly and bring it
to our office personally/
• State registration certificate
• Copy of company contract and rules and regulations
• Shareholders permission to apply for loan
• Economic estimates for loan and interest repayment //
• Financial report /for last 2-3 quarters/
• Permission, license to run the business
• Collateral assets certificate /original/, assessment report
/not related to the residential apartments/, land possession
certificate, prove from the Real Estate Registration Office
that the real estate have not been taken as collateral at
current moment
• To provide addition evidences and documents to the NBFI
upon the request while the application review takes.
For
individuals:
• Loan application //
/Please fill an application form correctly and bring it
to our office personally/
• Copy of Citizen Identification notarized /or bring the
original ID/
• Permission, license to run the business
• Economic estimates for loan and interest repayment //
• Collateral assets certificate /original/, assessment report
/not related to the residential apartments/, land possession
certificate, prove from the Real Estate Registration Office
that the real estate have not been taken as collateral at
current moment
• To provide addition evidences and documents to the NBFI
upon the request while the application review takes
Steps
for loan release:
The loan applicant should collect all required documents
and submit it to the loan officer of the NBFI.
The loan officer reviews loan risks involved and based on
his/her study of clients business activities, visits at
sites the real estates that have been backed for credits
will submit his/her prepared proposal to the Loan Council
of the NBFI for further discussion and approval.
After the loan have been approved a loan,
collateral contracts are to be concluded, confirmed by notary
and notice should be given to the Real Estate Registration
Office /if real estate is taken as collateral.
The loan release progresses as specified
in the contract upon loan, collateral contracts have been
confirmed in conformity with the laws.
Note: Loan application is resolved within 1-3 working days
after all required documents have been submitted.
3.
To provide business training and advisory, consultative
services to the customers
We provide free of charge trainings every
month for our customers involved in business activities
on topics related to the efficiency of financial and human
resources management and structure.
