Services
Loan
Training, advisory and consultative services to the customers
Promotion of our customers business activities through
our website exposure.
1.
Loan
Loan types
1.1. Start-up loan
1.2. Trust loan
1.3. Partnership loan
If you, a customer, wishes to obtain
a loan the following requirements are to be met:
Your involvement in business activities is sustainable.
Do not have debt (over due loan, interests).
Collateral that meets NBFI requirements.
1.1
Start-up loan
This loan is entitled to be provided to
the customers applying to our organization first time.
| Period
|
Loan volume |
Loan interest /per month/ |
|
MNT
|
USD |
|
Up to 6 months
|
10 million MNT or USD equivalent to that amount |
3,59% |
3,19% |
1.2.Trust Loan
This loan is entitled to those customers that have already
received the start-up loan and been able to repay the
principal and interests on time.
|
Period |
Loan
volume |
Loan interest /per month/ |
|
MNT
|
USD |
|
Up to 12
months |
20 million
MNT or USD equivalent to that amount |
3,29% |
2,89% |
1.3. Partnership
Loan
This loan is entitled to those customers
that have already received both Start-up and Trust Loan
and been able to repay principals and interests of both
loans on time.
|
Period
|
Loan
volume
|
Loan
interest /per month/
|
|
MNT |
USD |
|
Up to 18 months |
Up to 30% of our total equity |
2,99% |
2,59% |
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.
2.
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.
3.
Promoting members business activities through website
We support our members and promote their
business activities through introducing them to the public
on our website. We target on it substantially considering
that it will benefit not only the business members but
will have far more promising impact on our cooperative
future.
