Micro business loan
We will help you to increase the profit and income of your business and improve the quality of your products and services.
General Requirements:
- Have successful, uninterrupted operation of the business in the last 12 months
- Have a collateral asset for the loan
- No overdue debts to other banks and NBFCs
Collateral asset:
- Car
- Current assets
Loan Terms and Conditions:
| Loan amount | Up to 50 mln MNT |
| Interest rate /monthly/ | 1.6%-1.9% |
| Interest rate /annually/ | 19.2%-22.8% |
| Term | 36 months |
| Commission charge | 1% |
| Loan application fee | 10,000 MNT |
*Effective percentage rate /annually/: 14.78% - 18.4%
Benefits:
- Handwritten letter of loan request /with a photo taken within the last 6 months/
- It is given for the purpose of financing all kinds of business activities
- No real estate collateral is required
- The loan term is long
- Collateral valuation is high
- Arig Bank's professional and experienced Financial Advisors can give you an offer specially designed for you and your needs
- The loan will be processed promptly
- You will not stand in long lines at Arig Bank and our staff will greet and treat you like a guest at their home
Required documentation:
- Handwritten letter of loan request /with a photo taken within the last 6 months/
- Filled out loan application form from Arig Bank
- Personal ID card or passport
- Brochure or introduction material from business
- Profitability calculation from obtained loan
- Real estate certificate (original copy)
- Other documents that are required by the bank
