Vocational Loans
The Vocational loan (VOL) is designed for individual students to cover full or part of their vocational and skill enhancement training-related costs, tuition fees and other administrative costs for getting a job in Cambodia and other countries such as passport, visa process, accommodation, flight ticket.
Loan amount and Term:
Loan Amount |
Term (Months) |
|
USD |
||
Min. |
Max. |
|
1,000 |
5,000 |
3 – 36 |
Condition and Requirement
- Cambodian and aged between 18-60 year-old
- At least 6 months residence at the address area of Chamroeun
- At least one voluntary guarantor.
- Documents required (ID card, Family book, Resident book, Birth Certificate…)
- Collateral may or may not be require depend on loan size.
Repayment Mode:
Monthly installment of interest and for principal payment is monthly or Quarterly.
Interest:
Interest rate 1.50% which apply declining method