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Home Improvement Loans
Home Improvement Loan (HIL) is designed to provide loan to helps partners permanently improve their family’s quality of life. Targeted partners are those existing Chamroeun partners and new prospective partners, who wish to buy residential land for the purpose of constructing a house, partners who wish to build a new home, build an extension in their homes, or renovate their existing homes.
Loan amount and Term
|
Loan Amount |
Term (Months) |
|||
|
KHR |
USD |
|||
|
Min. |
Max. |
Min. |
Max. |
|
|
400,000 |
4,000,000 |
100 |
1,000 |
3 – 18 |
|
4,100,000 |
8,000,000 |
1,025 |
2,000 |
3 – 24 |
|
8,100,000 |
20,000,000 |
2,025 |
5,000 |
3 – 36 |
|
20,100,000 |
40,000,000 |
5,025 |
10,000 |
3 – 48 |
|
40,100,000 |
60,000,000 |
10,025 |
15,000 |
3 – 60 |
Condition and Requirement
- Cambodian and aged between 18-65 year-old.
- At least 6 months residence at the address area of Chamroeun.
- Documents required (Family book, ID card, Birth Certificate…)
- At least one voluntary guarantor.
- Collateral may require depend on loan size.
Repayment Mode:
Amortization Mode.
Interest:
Interest rate 1.40% - 1.50% which apply declining method.
