Salary loan
A loan to an employee of the organization that has an agreement to cooperate with Arig Bank on salary.
General Requirements:
- Must be a permanent employee of the organization providing salary through Arig Bank account
- Must have worked in that organization for at least 6 months
- Be able to fully repay the loan with salary income
- Must not have bad credit history
Loan Terms and Conditions:
|
Loan amount |
Up to 40 mln MNT | |
|
Interest rate /monthly/ |
1.4% - 1.8% | |
|
Interest rate /annually/ |
16.8% - 21.6% | |
| Term | 30 months | |
| Commission charge | 1% | |
| Loan application fee | 10,000 MNT | |
*Effective percentage rate /annually/: 15.11% - 18.61%
Benefits:
- Credit disbursement is not controlled
- It is resolved quickly
- Additional financing is available during the term of the loan
Required documentation:
- Handwritten letter of loan request /with a photo taken within the last 6 months/
- Filled out loan application form from Arig Bank
- Organizational salary definition
- Personal ID card or passport
- Certificate of alien registration
- If you have loans from other banks and NBFCs, loan agreements and account statements
- Other documents that are required by the bank
