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

1.4%

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.

 

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