Education Loan

Education Loan

Education Loan (EDL) is designed for students or parents of students who have financial needs to cover school fees and other related costs for all education levels (General education (GE), Technical Vocational Education Training (TVET), and Higher education (HE)) at private education institutions. The conditions and requirements are below:

Loan amount and Term:

Loan Amount				Term (Months)
KHR		USD
Min.	Max.	Min.	Max.
100,000	4,000,000	100	1,000	3 – 24
4,04,000	12,000,000	1,001	3,000	3 – 36
12,004,000	20,000,000	3,001	5,000	3 – 60
20,004,000	40,000,000	5,001	10,000	3 – 60

Conditions and Requirements

Be a Cambodia citizen aged 18 to 65 years old,
Have adequate ability and willingness to repay the loan on behalf of the partner in case of default;
The guarantor can be borrowing all loan products in Cambodia also, nut guarantee the amount for other partners to calculate the capacity repayment. However, guaranteeing each other is not allowed.
Must obtain consent from spouse or family members for loan guarantee obligation.
Required one copy of the document as below:
- National identification card, passport, or driving license;
- In case the guarantor has only one copy of documents such as a birth certificate, Family book, residential book, or marriage certificate required the attach a current photo with less than 1 year period.

Repayment mode:

Monthly payment (Fixed-principal with declining interest)
Monthly payments like amortization (Fixed amount including principal and interest)
Balloon payment (allow to pay a principal every 1, 2, 3, 4, 5, 6, months).

Interest:

Interest rate from 1.20% - 1.50% with application declining method