As part of the program implemented with the BPN Foundation to support small and medium-sized businesses and create and increase jobs, Khan Bank is providing this loan to entrepreneurs using the funds from the foundation.
Purpose of the loan: To expand production and services, upgrade technology, and purchase equipment
Interest rate: 8.0% per annum /eight percent/
Requirements for loan applicants:
- Be a participant in a program jointly implemented by Khan Bank and BPN Foundation;
- Be a Mongolian citizen and a legal entity registered in Mongolia, conducting business activities in the territory of Mongolia;
- Must be a business entity that has been operating a stable business for at least the past 6 months and will continue to operate;
- Fully meet the financial ratios that are the criteria of the bank;
- Have collateral that meets the bank's requirements;
- Have no outstanding overdue loan debt;
- No history of bad credit loans from banks or other financial institutions;
- Meet the terms and conditions of Khan Bank's investment loan products in effect at that time.
