CONSUMPTION LOAN
Thinking about buying furniture, appliances or paying a student tuition? Maybe it's renovating your home or fixing your car?
Terms and conditions:
Loan amount |
100,000,00 MNT |
Term |
30 months |
Interest rate |
Monthly: 1.9% Annually: 22.8% |
We offer a solution that will address any financial need you might have:
- You can get up to any amount based on your income and repayment ability.
- Buying furniture, appliances, paying tuition, renovating your house, repairing your car, traveling or have unexpected medical bills - anything that comes your way - we are here for you.
- Loan tenure is up to 30 months and has flexible terms. You can make equal monthly payments based on your monthly income.
- Arig Bank's professional and experienced Care Advisors can give you an offer especially designed for you and your needs.
- The loan approval will take 8 working hours.
- You will not stand in long lines at Arig Bank, and our staff will greet and treat you like a guest to their home.
Requirement for borrower:
- To have a stable income from a job or a business;
- To have a collateral asset;
- No past due or bad loans at other financial institutions.
Loan purpose:
- Student tuition
- House renovation
- Automobile repair
- Other household consumption
Required documentation:
- Filled out loan application form application form from Arig Bank;
- Notarized copy of Personal ID card of borrower;
- Documents to proove income;
- Proof of residency;
- Certificate of registration for collateral assets;
- Inquiry of other loans on collateral assets;
- If collateral has multiple owners, a permission from all owners to put the asset.