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Deposit backed loan


Loan size

85% of amount of the savings


loan period

24 months


interest (annual)

interest rate of savings account is from + /4%-7.2%/


Loan calculator

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

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Frequently asked question

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Deposit backed loan

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
USD/EUR/CNY
As Deposit Currency
24 months or until term deposit mature date
Up to 85% of regular term deposit amount
MNT 100,000
USD 100
EUR 100  
CNY 1,000
0.1-3 MLN
+7.20%
+3.3%
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

CHANNELLoan currency
loan amount
LOAN PERIOD
LOAN INTEREST RATE
loan fee
0.1-3 MILLION
3.01-5 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 bankingUp to 10.000.000 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.

Deposid backed loan

How much is commission fee of Deposit backed loan?

There is no commission fee if you revolving amount within your loan limit. You should only pay the commission fee of 0.5% if you lengthen your tenor or increase your limit.

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