Business loan for Oyu-Tolgoi contractors
This is the loan which is issued or granted in order to increase the circulation property of the “Oyu Tolgoi” LLC suppliers- business owners and to resolve the sudden or unexpected financial needs.
Product name | Receivable secured loan | Business credit line of receivable secured loan | ||
Currency | MNT | USD | MNT | USD |
Eligible customer | Company that has already supplied products to OT and waiting for payment date | Company that uses receivable financing regularly | ||
Loan amount | Up to 90% of invoice amount | Up to highest agreement amount of last one year | ||
Annual interest rate | Min rate – 13.80%
Max rate – Policy interest rate + 4.00% |
10.80% | Min rate – 13.80%
Max rate – Policy interest rate + 4.00% |
10.80% |
Loan tenor | Up to 24 months | 12 months | ||
Loan acceptance fee | – | |||
Collateral | Recieveable amount 100% |
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