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Express Loan
This loan product is to ensure prompt response to clients’ financial needs in their personal life cycle which may be affected by any emergency or unexpected event in natural or personal disasters.
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| Lending Methodologies |
Community Bank
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| Loan Size |
KHR 80,000 - KHR 1,000,000, USD 20 - USD 250
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| Loan Term |
3 - 6 months
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| Interest Rate |
This loan is a kind of social product provided at a lowest interest rate.
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| Repayment Mode |
All loans are tailored to perfectly meet the applicants’ business cycles and cash flow with one month principal holiday.
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| Client Eligibility |
* Requirement
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Age between 18 to 65 years old.
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A permanent resident at least one year within current address.
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Good attitude and character.
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Affected by either natural disaster such as flood, drought or personal dangers such as accident or sickness.
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Legal and ethical business.
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Consent from spouse or inheritor.
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Repayment coverage ratio of at least 1.3.
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| Additional Benefits |
* Access to the Safety Net Program, which provides the following benefits:
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In the event of death of the client, VisionFund will contribute some funds for the funeral and write-off 100% of the client’s outstanding loan amount for community bank loans or solidarity group lending, and 60% of the client’s outstanding loan amount for an individual loan.
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In the event of death of the client’s spouse, VisionFund will contribute some funds for the funeral.
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In the event of death of the client’s registered children, VisionFund will contribute some funds for the funeral.
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If chosen as best clients of the year, their children will be provided with education scholarships up to grade 12.
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Opportunities to participate in financial education.
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Be entitled to annual lucky draws.
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