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 |
