Herder loan

Loan purpose:
This loan  finances herders’ consumer and business needs.

Loan conditions:
Loan amount:            
Interest rate:             interest rate applicable in the local area.
Loan term:                12-24 months.

Fees and commissions:
Loan application fee:         1,000 MNT.
Acceptance fee:                  1%.
Requirements:

• Permanent resident in the region where Khan Bank’s branch or sub branch exists.
• Past experience in livestock raising.
• History of cash-based sales or future prospects of cash sales sufficient for loan principal and interest payment. 
• Livestock insurance is desirable. 

Required documentation:

• Personal ID.
• Passport photo  1 copy.
• Loan agreements and repayment records for herders who previously borrowed from a bank or a non-bank financial institution.
• Documents confirming income.
• List of collateral assets  and supporting documents.
• Livestock headcount confirmation letter.