You can apply for a a Investment loan if you wish to invest in your business at the most flexible terms which suit your business needs.
Advantages
- The size of the loan depends on your business scope and financial capacities;
- Clients with good loan history, holding current account and savings deposit accounts at XacBank will enjoy lower interest rate on loan;
- We offer flexible repayment schedule to match your business features and seasonal characteristics and give grace period of up to 24 months period;
- We can finance your additional demand with a repeat loan even if you already have an outstanding loan with the Bank.
Loan terms
| Loan type | Investment loan | |
| Loan size | Up to 2.5 billion MNT | |
| Loan period | up to 60 months | |
| Interest rate | Monthly | ₮: 1.6% - 2.00% $: 1.10% - 1.50% |
| Annual | ₮: 19.2% - 24.0% $: 13.2% - 18.0% | |
| Interest rate can be decreased depending on the deposit amount and loan cycle /number of loans/ of the customer. | ||
| Service fee | MNT - 0.5% USD - 1% | |
| For more information: | Phone: 70110057, 70110058 Website: www.lgf.mn | |
PURPOSE OF LOAN
- If you need additional financing to purchase equipment or acquire work place besides the working capital, we recommend you “fixed asset and equipment financing loan”.
Requirements
- Have business income to prove your financial capacity to repay the loan;
- Have operated the business for more than 6 months;
- Possess movable or immovable properties to pledge.
Required documents
INDIVIDUALS:
- Client Application form (XacBank form, 1 copy of photo) (only for the first time loan applicants);
- Business Loan application form; /XacBank form/;
- Copies of ID Cards;
- Business related documents / Special permits, patents, and licenses/;
- Worksite documents /rent agreement, receipts of most recent rental payments /;
- In case operational licenses are required, patents, licenses, and permits granted by authorities, and rental agreement;
- Certificate of ownership of apartments, houses and land ;
- Miscellaneous.
LEGAL ENTITIES:
- Business loan application /XacBank form/;
- State Registration Certificate of Legal Entities (together with a notarized copy);
- Photo of the management and a copy of ID Card /only for the first time loan applicants/;
- Notarized copy of the Founding Agreement;
- A copy of Corporate Statute verified by Taxation Authorities;
- A copy of financial statement for the previous year and the last quarter verified by Taxation Authorities;
- A copy of contract and agreement on the activities to be financed by loan;
- Ownership certificates of collateral assets;
- Miscellaneous.
