- Get a loan as soon as possible if you need it financially;
Categories
Category: Salary Loan
A product that provides for your financial needs based on your salary income.
Categories
Terms and conditions
|
Salary loan |
Terms |
|
Maximum amount |
Up to 60% of net salary for up to 30 months |
|
Interest rate /monthly/ |
1.4%-2.0% |
|
Interest rate /year/ |
16.8%-24.0% |
|
Loan term |
Up to 30 months |
|
Service fee |
1% |
|
Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
|
Fee for changing the original loan terms |
1% of the loan balance |
|
Application fee |
10,000 MNT |
|
Credit recording enquiry fee /during loan analysis procedure/ |
Individual – 1,000 MNT |
* Effective percentage rate /annual/: 17.92%-25.16%
Categories
Eligibility or required documents
- Request form, a passport photo, ID card and written request (to be written by hand);
- Original and copy of social insurance book;
- Residency reference;
- Reference from the organization /it should be mentioned that it is possible to work in a stable way in the future/;
- Salary account statement;
- Other documents to determine household income and expenditure;
- Other documents if loan collateralized.