INVESTMENT LOAN
General Requirements:
- To have the management capacity and ability to use the loan in a profitable manner;
- Have uninterrupted operation of the business in the last 12 months;
- Have business profitability projection and calculation;
- Have special permits and licences nesessary for business operation;
- No past due or bad loans at other financial institutions.
Loan Terms and Conditions:
| Loan Purpose | Maximum Loan amount (MNT) | Maximum Loan tenure (months) | Repayment options | Interest rate /monthly/ based on borrowers qualifications |
| To buy a commercial real estate building | Bank own capital 20% up to | 120 | No principal payment for the first 12 months, equal monthly payments thereafter |
Monthly: 1.6%-1.9% Annually: 19.2%-22.8% |
| To renovate commercial purpose real estate | 60 | |||
| To buy a commercial equipment and machinery | 500,000,000 | 60 | ||
| To buy office furniture and equipment | 500,000,000 | 60 | Equal monthly payments |
Benefits:
- Business loans are now ofeered for 120 month period, which gives convenience and flexibility for business owners.
- No principal payment for the first 12 months of loan tenure.
- Arig Bank's professional and experienced Care Advisors can give you an offer especially designed for you and your needs.
- The loan approval will take 8 working hours.
- You will not stand in long lines at Arig Bank, and our staff will greet and treat you like a guest to their home.
REQUIRED DOCUMENTATION:
- Handwritten letter of Loan Request (with a photo taken within last 6);
- Filled out Loan Application form from Arig Bank;
- Notarized copy of Personal ID;
- Document related to business;
- Proof of residency;
- Loan spending and profitability projection;
- Real estate Certificate (original copy), official inquiry on other loans;
- Other necessary documents for loan approval.
