Khan Bank launches loan campaign

Economy
en_khuder@montsame.mn
2016-01-12 17:42:48

Ulaanbaatar /MONTSAME/ Khan Bank Tuesday reported it has commenced its Consumer Loan Campaign.

Terms of all types of consumer loans have been extended, and loan amounts have been increased. The campaign enables customers to receive a salary loan, pension loan as well as leasing for vehicles, electrical appliances and furniture, on more flexible conditions.

On the occasion of the Lunar New Year, this bank has extended the terms of the vehicle leasing and a reduced a payment of 0-15%. In case of pledging real estates, down payment will be decreased to 0%.

The bank said that if a consumer is interested in purchasing electrical appliances, furniture or computer equipment, on flexible conditions and interest rates, he/she can choose a consumer loan with terms of up to 36 months. If a consumer is spending up to MNT 3 million on a purchase, the down payment is 0%, and, if it is more than MNT 3 million, the down payment is 10% of the total cost. Moreover, if a consumer is an employee of a company contracted to with Khan Bank, he/she can receive a salary loan of up to MNT 40 million with terms of MNT 36 months, the bank says.