Consumption purchase loan

You can buy electronic devices, mobile phones, and home furniture from partnering organizations and individuals using Consumption Purchase Loan.

Advantages:

• During your annual leave and holidays when you incur higher expenses, you can enjoy the grace period for one month period and pay only interest payments;
• If you buy items, except for mobile phones, worth of up to MNT 3 million, the purchased item shall serve as 100% collateral. Down payment and additional collateral are not needed;
• If you buy items worth more than MNT 3 million, you can make a down payment or you need to provide additional collateral of the same amount so that you may purchase the item with 100% financing even if you do not have a down payment.

Loan terms:

*Annual percentage rate: 24.9%

Requirements:

• To have been employed or run business for last 6 months;
• No bad loan history.

Required documents:

• Application form for consumption purchase loan (request from XacBank branch office or download here);
• 3х4 sized photo;
• ID card and its copy for the applicant and the family members;
• Social Insurance Book and its copy for the applicant and the family members;
• Salary reference for the applicant and the family members, if Social Insurance Book does not reflect the real salary amount (request the form from XacBank branch office or download here);
• Evidence of business income for family members, if any;
• Purchase Invoice;
• Other.