This loan is for government officials with a payroll account with Canadia Bank, offering funds for any expenses without collateral and flexible repayment terms for easier financial management.
Features and Conditions
Interest rate per annum
14% for loan terms of 36 months or less 16% for loan terms exceeding 36 months
Loan amount
Up to 12-month salary or maximum of up to KHR 80,000,000 or equivalent
Repayment method
Monthly principal amount plus interest
Loan term
Up to 60 months
Bank service charge
Minimum $50 or 2% of approval limit
Application fee
Free
Prepayment charge
If the early settlement is made during the first half of the loan term (up to 24 months), a fee of 3% of the settlement amount will be charged. After this period, a fee of 1% will be charged if no 30-day advance notice is provided before the early settlement, whether it is partial or full.
Loan Repayment Schedule
Printed version is available at any Canadia Bank Branches (Not available for download on Canadia Bank App)
Loan Disbursement
Automatic disbursement to Employee Banking Account used for receiving salary
Loan Recall
- When MOU between organization and Canadia Bank is canceled
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