XacBank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

XacBank is the Mongolian bank salary earners turn to for a fixed-rate loan, and it also lends against a home at an initial rate of 19.2%. The salary loan carries a hard credit check, a credit line option, and an APR of 19.56% to 23.87%.

Key facts

Best for
Salary earners in Mongolia who want fixed-rate borrowing in tugrik from an established bank.
APR
19.56% to 23.87% (Source, checked September 26, 2026)
Loan amount
MNT 300,000 to MNT 100,000,000 (Source, checked September 26, 2026)
Term
30 months (Source, checked September 26, 2026)
Arrangement fee
Service fee 0.5% via digital bank, 1% at branch (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Salary earners; having a taxpayer card (НДШ) is enough even if salary is not paid through XacBank; collateral required above 30 million MNT (Source, checked September 26, 2026)
Origination fee (%)
0.5% to 1% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Headquarters
Mongolia (Source, checked September 26, 2026)
Founded
2001 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Credit line
Official website
xacbank.mn

Mortgages

Initial rate
19.2% (Source, checked September 26, 2026)
Fixed period
20 years (Source, checked September 26, 2026)
Purpose
Purchase, First-time-buyer, Home-equity (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Headquarters
Mongolia (Source, checked September 26, 2026)
Founded
2001 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Borrowing runs MNT 300,000 to MNT 100,000,000, so a small top-up and a large purchase sit on the same product.
  • XacBank is a direct lender, so the application, the decision and the servicing stay with the same bank.
  • A taxpayer card is enough to qualify, even when your salary is paid somewhere else.
  • Support runs on phone, email and help centre.

Cons

  • A hard credit check rules out applicants with no credit history to point to.
  • Arrangement fees run 0.5% to 1%, and the higher end applies to branch applications.
  • A term of 30 is shorter than the 36 median on the site, so the instalment is larger for the same amount borrowed.
XacBank

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Salary earners who hold a taxpayer card and want a fixed-rate personal loan.
  • Borrowers who want a revolving credit line rather than a single payout.
  • Homebuyers and existing owners, given the purchase and home equity mortgage purposes and an initial rate of 19.2%.

Who should look elsewhere

  • Monzo Flex, whose APR of 10% to 23% starts lower than XacBank's 19.56% to 23.87%, for readers shopping the lowest headline rate.
  • Cashspace, whose APR of PHP 12 to PHP 36 sits below XacBank's 19.56% to 23.87%, for borrowers who can reach that market.

Who runs it

XacBank is a bank headquartered in Mongolia and founded in 2001, so it has been lending in its home market for a long stretch rather than arriving as a newcomer. Applications, underwriting and servicing all sit with the same institution. Support runs on phone, email and help centre, which covers phone, email and a help centre.

How XacBank compares

Where XacBank is available

Available
Mongolia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do I pay on a XacBank loan?+

The salary loan is priced at a fixed rate, with an APR of 19.56% to 23.87% depending on the borrower. Fixed means the payment does not drift with the market, though the rate offered still depends on your own credit history and the amount borrowed.

How much can I borrow?+

Borrowing runs MNT 300,000 to MNT 100,000,000, so a small top-up and a large purchase sit on the same product. It is a personal loan, and the salary loan can also run as a revolving credit line for regular draws rather than a single payout.

What fees apply to the loan?+

A service fee applies to the salary loan, running 0.5% to 1%. Applying through the digital bank sits at the lower end, while a branch application pays the higher end, so the route chosen can change the total cost of the same loan.

What credit check do I need?+

The check is hard, a full search rather than a soft prequalification, and 72.7% of personal loans on the site use the same route. Applicants with no credit history to draw on are the group most likely to be turned away.

Do I need collateral?+

Collateral becomes required on the salary loan once the amount crosses a threshold, so the upper part of the MNT 300,000 to MNT 100,000,000 range is secured against an asset. Below that, a taxpayer card on its own is enough, and the salary does not have to be paid through XacBank.

What is the term on the loan?+

The salary loan term is 30, a short clock for a personal loan, so the instalment on any given amount is higher than over a longer term. Test that instalment against monthly income before applying. The mortgage side runs longer, with a fixed period of 20.

Does my salary have to be paid into the bank?+

A taxpayer card is enough to apply, and the salary does not have to be paid through XacBank for the application to count. The product is a personal loan from a direct lender, so the bank assesses the borrower directly rather than passing the application to another provider.

What mortgages are on offer?+

The mortgage book covers home purchases, drawing on home equity and buyers with no property yet, and the initial rate is 19.2% with a fixed period of 20. That is a long stretch at a known rate, which helps anyone budgeting beyond a few years.

How do I get help?+

Support runs on phone, email and help centre, so phone, email and a help centre cover most questions. Chat is not among the listed routes. A phone line matters for a salary loan, where the timing of a payment can count for as much as the rate.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Funding time, Representative example.

XacBank

XacBank

Salary earners in Mongolia who want fixed-rate borrowing in tugrik from an established bank.

9.1/10See alternatives

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