- 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||2,000,000,000||120||No principal payment for the first 12 months, equal monthly payments thereafter||1.2-1.5%|
|To renovate commercial purpose real estate||2,000,000,000||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|
- 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.
- 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.