Salary loan

Agreement and credit line

Loan purpose:
For family financial needs of employees of either the government or private sector, who receive their salary through Khan Bank.

Loan conditions:
Loan amount:      shall not exceed total of 12 months’ salary
Interest rate:         interest rate applicable in the local area
Loan term:            up to 24 months

Fees and commissions:
Acceptance fee:     1.0 percent of advanced loan

Requirements:

•  Permanent resident of the area.
•  Public or private sector organization must have an Agreement of Cooperation with Khan Bank.
•  Employed in the particular organizations at least 12 months
•  Permanent employment history within organization.
•  Must be registered with the  Social Security Agency.

Required Documentation:

• full-face photo of borrower
• original copy of ID and social insurance book (if original copies cannot be provided, notarized copies of the records will be acceptable)
• Local governor's reference letter confirming place of residence /applicable to UB only/
• reference from employer / standard form provided by bank /,
• documents that will serve as reference/basis of household income and expenses
• Collateral documents (if real estate is pledged/