Сonsumer purchase loan

You can obtain household appliances, furniture, and computers from the organizations cooperating with Arig Bank.

General Requirements:

  • Must reside where the bank branch is located
  • The family must have a source of regular income, and it must be confirmed by documents
  • If you are employed, you must be a permanent employee who have worked in the organization for more than 6 months
  • If you are a business owner, you must have a business license, and have been engaged in stable activities for the last 6 months
  • Must not have a bad credit history
  • The total amount of monthly loan interest and principal payments shall not exceed 60% of the loan applicant's net monthly income
  • Household appliances, furniture, and computers must be from the organizations cooperating with Arig Bank

Loan Terms and Conditions:

Loan amount  Up to 10 mln MNT
Term 30 months
Loan interest monthly 1.7% - 1.9%
annually 20.4% - 22.8%
Down payment 10% - 20%
Collateral Buying household appliances and furniture
Commission charge 1%
Loan application fee 10,000 MNT

*Effective percentage rate /annually/: 17.99% - 19.17%

Required documentation:

  • Handwritten letter of loan request /with a photo taken within the last 6 months/
  • Invoice for goods to be purchased
  • Documents proving the income to repay the loan
  • Documents related to conducting business activities
  • Other documents that are required by the bank

Collaborating organizations:

Nomin Five Trade
Nomin Trading
My Good Cargo