Consumer loan
To finance and fulfill household appliances, furniture purchases and life cycle events financial needs.
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Type To purchase of household goods To purchase personal goods To improve home and living environment Other life cycle events Loan amount Up to 20 million MNT Up to 5 million MNT Up to 20 million MNT Up to 50 million MNT Loan term Up to 30 months Up to 18 months Up to 30 months Up to 30 months Interest rate /annual/ 17.40% – 20.80% 17.40% – 20.80% 20.80% 20.80% Annual percentage rate 18.26% – 21.27% Commission charge 1.00% - Salary or business income of 6 months and/or more
- Selected household goods to purchase from partner suppliers of the bank
- ID card
- Request form
- Request (To be written by hand and signed)
- Passport size photo taken in last 3 months
- Employee reference letter stating monthly salary amount;
- Salary account statement in last 6 months
- Invoice of purchasing appliance and services
- Other materials
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