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Улаанбаатар Хотын Банк

Gold collateralized loan

Gold as a collateral which is rated and confirmed from Assay Inspection Department of the Mongolian Agency for Standardization and Metrology, the loan is for financial needs of businesses to increase working capital and the production capacity to expand business operations.

Gold standart rate gold bar collateralized loan
Period Up to 3 months
Amount Net weight*gold standard*gold rate by Mongolbank /100%-tax/*85%
Interest rate /yearly/ 18.5%
Application fee MNT 10,000
Gold standard unrated gold bar collateralized loan
Period  Up to 10 days
Amount Net weight*gold standard*gold rate by Mongolbank /100%-tax/*65%
Interest rate /yearly/ 18.5%
Application fee MNT 10,000

*Effective percentage rate/monthly/: 1.5422%-1.5472%

Requirements:

  • Gold must be sealed with official document and authorization of The Accredited laboratory test of precious metal /not accepted if the seal is broken/
  • Sold at least 3 gold bars to UB city bank

Required documents: /If the bank deemed necessary for unrated gold bars/

  • Formal letter requesting loan
  • Permission or authorization from company’s board of directors
  • Business registration certificate with notarized copy
  • Application of the CEO and Chief financial officer
  • Entrustment for the bank officer to receive ratings from the Accredited laboratory test of precious metal /if the gold is unrated/


For more Information:

Telephone: 1800-1800
Customer Information center
UB City bank

2019-07-26

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