LOAN FOR CONSTRUCTION, EXTENSION AND ROUTINE MAINTENANCE OF REAL ESTATE

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 amount	Up to 20% of the bank’s equity
Loan interest /annually/	MNT	USD
	19.2% - 22.8%	13.2% - 18%
Loan interest /monthly/	1.6% - 1.9%	1.1% - 1.5%
Loan tenor	Up to 60 months
Advance payment	30%
Collateral	In case of construction of a new real estate, mortgage other property until the real estate’s completion. The real estate under the construction, extension and maintenance is required to be mortgaged.
Loan service fee	Up to 1% of the total loan amount or not more than 2,900,000 MNT
Application fee	10,000 MNT

Benefits:

This loan can be approved for up to 2 billion MNT, even for first time borrowers.
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:

Loan request