Salary card loan

Loan purpose:
This loan finances short term financial needs of customers whose employers have made a Cooperation Agreement with Khan Bank to manage payroll disbursement through Khan Bank Visa cards.

Loan conditions:
Loan amount:       up to 50 percent of monthly net salary
Interest rate:         1.8%-1.6% (21.6%-19.2% per annum )
Credit line term:   6 months /term of outstanding balance - 1 month /

Fees and commissions:
Loan application fee:     500 MNT

Requirements:

•     Permanent resident of the area.
•     Permanent employment in public or  private organization.
•     Agreement of Cooperation with Khan Bank.
•     Khan Bank Visa card holder. 
•     History of steady employment with the organization.

•     Personal ID.
•     Passport photo 1 copy.
•     Proof of residency.
•     Notarized copy of Social Insurance passbook.
•     Letter of reference from Employer.
   
•     Copy of Labor Contract.