If you have an issue to resolve sudden financial needs and difficulties, you can choose deposit-backed loan. This kind of loans can meet your financial needs quickly without any impacts on your savings and interest accumulation.
condition
CURRENCY | PERIOD | Max LIMIT | MIN LIMIT | DEPOSIT ANNUAL INTEREST RATE + | ||
---|---|---|---|---|---|---|
Loan amount | TERM DEPOSIT ANNUAL IR + | |||||
MNT | - | |||||
As Deposit Currency | 24 months or until term deposit mature date | Up to 85% of regular term deposit amount | MNT 100,000 | 0.1-3 MLN | +7.20% | - |
3.01-50 MLN | +6.40% | |||||
50.01-100 MLN | +5.60% | |||||
100.01-500 MLN | +4.80% | |||||
More than 500 MLN | +4.00% |
You are able to have deposit backed loan via internet banking just in one hour.
condition to Get deposit backed loan through DIGITAL bankING
CHANNEL | Loan currency | loan amount | LOAN PERIOD | LOAN INTEREST RATE | service fee | |
---|---|---|---|---|---|---|
0.1-3 MILLION | 3.01-50 MILLION | |||||
Mobile bank | MNT | Up to 5,000,000 MNT (Up to 80% of regular term deposit and 70% of prepaid interest deposit amount) | 24 months or until term deposit mature date | +7.20% | +6.40% | 0₮ |
Internet banking | Up to 50,000,000 MNT (Up to 80% of regular term deposit and 70% of prepaid interest deposit amount) |
approval duration of DEPOSIT BACKED LOAN through DIGITAL bankING is 8 seconds.
requirements
- To be a owner of Regular term deposit of XacBank;
- To be registered at Mobile bank service, in case to get a deposit backed loan by Mobile bank. (Please call XacBank's call center 1800 1888 to register to Mobile bank service);
- To be a user of Internet banking service in order to use online Deposit backed loan.
Required documents
- ID card or passport.
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