A loan for personal uses with no collateral required exclusively designed for private company Payroll Account holder who has payroll account at Canadia bank.
Features and Conditions
Interest rate per annum
18%
Loan amount
Maximum USD 20,000 or in Equivalence
Repayment method
Monthly principle plus interest
Loan term
From 12 months to 36 months
Bank service charge
3% upfront
Pre-payment charge
3% on the early settle amount in part or in full if early settlement during half of loan tenor (not more than 24 months), 1% thereafter if no any notice 30 days in advance before early settle in part or in full.
Payment Terms
Monthly installment of Principal and Interest;
Repayment is computerized and calculated from the month in which the loan was disbursed.
Payment Options
N/A
Late Payment Charge
27% p.a on monthly installment amount
Loan Repayment Schedule
Print at Bank Office (Can not Download from Canadia Mobile)
Late Payment Charge
Please refer to late payment charge above
Loan Disbursement
Automatic disbursement to a single personal account used to get salary
Loan Recall
When MOU between organization and CNB is canceled
When borrower resigns from the current employer
When borrower moderately breaches loan agreement terms and conditions
When the organization stops disbursing salary through CNB Bank
Requirements
Valid National ID card/passport
Employee card
Employment Contract
Family book/residential book
Guarantor and Sovannaphum life insurance coverage will be applicable if required
The above Interest Rate and Terms & Conditions are subject to change at the Bank's sole discretion without any prior notice to customer.
For further information, please visit your nearest Canadia Bank branch or give us a call at (+855) 23 868 222.
