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
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