You can qualify for a salary loan if you receive your salary through XacBank.
Advantages:
- Credit decision is promptly resolved and made;
- Additional financing is available during the loan period.
Loan terms:
| terms | via digital bank | through branch | |
|---|---|---|---|
| Loan size | 300,000 - 50,000,000 MNT | above 300,000 MNT | |
| Interest rate* | Monthly rate | 1.6% | 1.5% - 1.7% |
| Annual rate | 19.2% | 18% - 20.4%** | |
| Loan period | 30 months | ||
| Service fee | 0.5% | 1% | |
** - Annual percentage rate: 18.89%-21.25%
Requirements:
- To have been employed for last 6 months;
- No bad loan history.
Required documents:
- Application form for consumption loan (request the form from XacBank branch office or download here);
- 3х4 sized photo;
- ID card and its copy (no need for notary);
- Social Insurance Book and its copy (no need for notary);
- Salary reference if Social Insurance Book does not reflect your real salary amount (request from XacBank branch office or download here);
- Other.
