Home Improvement Loan
If someone who doesn't have enough money to build houses, so nowadays almost the banks around the world offer Home Improvement.
We would like to introduce a bank product — Home Improvement Loan — to you so that you can use for renovating your house that would allow you and your family to live comfortably in prosperity.
Home Improvement is significant for someone who
doesn't have enough budget to build house.
Advantages
- Getting long-term loan and low interest rate
- Owning a nice home to live happily with your family
Currency and Loan Period
- Home Improvement Loan is provided in USD or KHR
- Loan period is up to 6 years and will not exceed your retirement age or over 60 years of age (until the end of loan repayment)
Loan Size
- Loan size is up to 67% of disposable income or up to 50% of salary but not greater than 80% of the estimated value of liquid assets that are used as collateral
- Bank normally offers Home Improvement Loan up to USD150,000 or equivalent to KHR
Interest Rate
Bank offers fixed interest rate for 6 years with a reasonable rate.
Customer Requirements
- Any Cambodian who is a majority
- Having a proper work, salary, or any sufficient income that warrants the ability to pay back
- Having good history, reputation, attitude and willing to pay back to any Bank
- Having a permanent address which is certified by local authority
- Ensuring to provide sufficient and timely information
- The renovated home must be located in all the Bank's operation areas
- Not willing to change residential address to another location outside the Bank's operation areas until the loan is paid off
