If you need a financing in excess of your salary loan or pension loan, you can apply for a household loan upon consideration of income and revenue of other family members.
Advantages:
- Credit decision is promptly made;
- Additional financing is available to increase loan amount during the loan period;
- No penalty for prepayment of loan;
- During your annual leave and holidays when you incur higher expense, you can enjoy the grace period and pay only interest payment.
Loan terms:
| Loan size | Loan period | Interest rate * | service fee | |
|---|---|---|---|---|
| monthly rate | annual rate | |||
| Up to MNT 50 million | 30 months | 2.0% | 24.0% | 1% |
Requirements:
- To have been employed or run business for last 6;
- Movable and immovable property pledged as collateral;
- No bad loan history.
Required documents:
- Application form for consumption loans (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 your real salary amount (request the form from XacBank branch office or download here);
- Evidence of business income for family members, if any;
- Ownership certificate for collateral assets;
- Other.
