Leasing loan
For purchase of products that are utilized over long periods such as home, cars, motorcycles and other products.
Leasing for car and motorcycle
Loan purpose:
This loan finances purchase of cars, motorcycles or small trucks with capacity of less than 5 tons.
| Loan conditions |
Motorcycle |
Used car |
New car |
| Loan amount |
up to MNT 5,000,000 |
up to MNT 30,000,000
up to USD 30,000
|
| Interest rate |
MNT 1.9-1.5% (22.8-18% per annum) |
| - |
USD 1.5-1.2% (18-14.4% per annum) |
| Loan term |
up to 24 months |
up to 36 months |
| Down payment |
20% |
Fees and commissions:
Loan application fee: MNT 5,000 USD 5
Acceptance fee: MNT 1 % USD 0.5%
Requirements:
- Permanent resident of the area.
- The products must be purchased from individual or corporate vendors contracted to Khan Bank.
- Invoice and customs declaration copy must be obtained from the seller.
- Ability to repay loan and interest expenses from salary or from other income.
Necessary Documentation:
- Personal ID.
- Passport photo 1 copy.
- Copy of the Social Insurance passbook or salary confirmation letter; if the customer has a business, documents confirming business operation and business income.
- Invoice (accompanied with custom declaration copy from the seller).
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