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Household loan


loan size

up to 50 million MNT


loan period

30 months


interest rate 

Monthly rate: 2.00%

annual rate: 24.00%


Loan calculator

The loan is deducted from the salary each month with interest.

Household loan

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 *
Commission fee
monthly rateannual rate
Up to MNT 50 million
30 months
2.00%
24.00%
1%

*Annual percentage rate: 24.59%

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.