Salary Loan

ABA​ Bank​ introduces​ Salary​ Loan​ in​ the​ ABA​ Mobile​ app​ for​ those​ with​ a​ payroll​ account1​ with​ ABA​ to​ issue​ emergency​ cash​ against​ their​ salary.​ The​ loan​ is​ provided​ instantly​ for​ up​ to​ 12​ months​ at​ a​ competitive​ interest​ rate​ with​ no​ processing​ fees​ and​ collateral!​

1​ Company​ already​ using​ ABA's​ payroll​ service​ should​ take​ advantage​ of​ this​ new​ feature​ by​ signing​ Salary​ Loan​ MOU​ with​ ABA​ Bank.​ Call​ 1 800 203 203​ or​ email​ [email protected]remove-this.ababank.com ​for​ an​ appointment.

Key benefits

Get​ access​ to​ emergency​ cash​ from​ ABA​ Bank​ in​ seconds

Enjoy​ instant​ loans​ with​ no​ collateral​ and​ processing​ fees

Borrow​ up​ to​ 50%​ of​ monthly​ salary2​ with​ 1​ to​ 12-month​ tenor

Get​ a​ loan​ in​ either​ USD​ or​ KHR3

2​ Average​ of​ the​ last​ two-month​ net​ salary​ (min.​ 100​ USD)
3​ Based​ on​ the​ salary​ account​ currency

How​ to​ get​ Salary​ Loan?

To​ get​ Salary​ Loan:
  1. Launch​ ABA​ Mobile​ and​ tap​ the​ Loans​ button​ on​ the​ main​ screen;​
  2. Select​ Salary​ Loan​ and​ agree​ to​ the​ Terms​ &​ Conditions;
  3. Determine​ the​ loan​ amount4​ and​ tenor5​ by​ moving​ toggles.
  4. Tap​ Get​ Loan​ and​ confirm​ with​ your​ ABA​ Mobile​ 4-digit​ PIN.​ After​ the​ loan​ is​ successfully​ issued,​ you​ can​ download​ the​ loan​ agreement​ and​ save​ it​ on​ your​ smartphone​ for​ future​ reference.

4 You​ can​ borrow​ up​ to​ 50%​ of​ the​ average​ of​ your​ last​ two​ months'​ net​ salary​ (min.​ 100​ USD).
5 From​ 1​ to​ 12​ months.

Main​ conditions

Borrower's​ eligibility
  • Be​ at​ least​ 18​ years​ old;
  • Get​ salary​ paid​ through​ ABA​ for​ at​ least​ two consecutive​ months;
  • No​ pending​ financial​ obligation​ due​ to​ employer;
  • Maintain​ at​ least​ one​ personal​ single​ account​ (Savings,​ Current)​ to​ get​ salary​ paid;
  • Be​ an​ active​ user​ of​ the​ ABA​ Mobile​ app;
  • Clean​ CBC​ record6.
Loan​ Currency​USD​ and​ KHR​ (based​ on​ the​ borrower's​ salary​ account​ currency)
Loan​ Tenor​1​ to​ 12​ months
Collateral​Not​ required
Repayment​ Term
  • Monthly​ installment​ of​ Principal​ and​ Interest​ (EMI);
  • Repayment​ is​ computerized​ and​ calculated​ from​ the​ month​ in​ which​ the​ loan​ was​ disbursed.​
Repayment​ Day​Last​ day​ of​ each​ month
Indicative​ Interest​ Rate14.4%​ p.a.
Processing​ feeNil
Prepayment​ Charge
Commitment​ fee​
Late​ Payment​ Charge​​3%​ per​ day​ on​ the​ due​ amount​ (in​ addition​ to​ the​ salary​ loan​ interest)
Loan​ Amount​
  • Minimum​ 100​ USD;​ or​
  • Up​ to​ 50%​ of​ the​ average​ last​ two months'​ salary
Loan​ Disbursement​Automatic​ disbursement​ to​ a​ single​ personal​ account​ used​ to​ get​ salary​
Other​ conditions​
  • ​The​ loan​ can​ be​ re-borrowed​ if​ the​ condition​ of​ the​ Loan​ Amount​ is​ fulfilled;​
  • The​ new​ loan​ shall​ be​ automatically​ disbursed​ separately​ with​ separate​ Repayment​ Terms.
  • The​ borrower​ must​ be​ employed​ by​ an​ employer​ who​ signed​ MOU7​ with​ ABA.
Loan​ ApplicationABA​ Mobile
Loan​ Repayment​
Loan​ Discharge​
Loan​ Settlement​ Conditions
  • Automatic​ blocking​ of​ repayment​ amount​ (as​ defined​ by​ Repayment​ Term)​ when​ the​ salary​ is​ credited​ into​ the​ account;
  • Automatic​ deduction​ from​ the​ Salary​ Account​ on​ the​ loan​ payment​ date.
Loan​ Repayment​ ScheduleDownloadable​ from​ ABA​ Mobile
CBC​ Fee​3.00​ USD​ per​ request​ to​ be​ charged​ in​ advance
Loan​ Recall8
  • When​ MOU​ between​ employer​ and​ ABA​ is​ canceled;
  • When​ borrower​ resigns​ from​ the​ current​ employer;
  • When​ borrower​ moderately​ breaches​ loan​ agreement​ terms​ and​ conditions;
  • When​ the​ company​ stops​ disbursing​ salary​ through​ ABA​ Bank.​

6​ Credit​ Bureau​ Cambodia​ (CBC)​ result​ shall​ demonstrate​ no​ adverse​ repayment​ history​ other​ than​ the​ tolerable​ level​ defined​ by​ ABA.
7​ Employer​ refers​ to​ a​ legal​ entity/person​ who​ subscribes​ to​ ABA​ Payroll​ Service​ and​ signs​ MOU​ with​ ABA​ Bank​ to​ offer​ Salary​ Loan​ to​ its​ employees.
​8​ Loan​ recall​ refers​ to​ the​ demand​ made​ by​ ABA​ on​ the​ borrower​ to​ settle​ the​ loan​ immediately​ due​ to​ stipulated​ reasons.

Eligibility

All​ ABA​ Mobile​ app​ users​ above​ 18​ years​ old​ who​ are​ currently​ employed​ by​ a​ company/employer​ subscribed​ to​ ABA​ Payroll​ Service9​ and​ signed​ an​ MOU​ with​ ABA​ Bank​ on​ Salary​ Loan.​ Borrowers​ should​ not​ have​ any​ existing​ financial​ obligations​ with​ their​ company.

IMPORTANT:​ If​ a​ borrower​ resigns,​ the​ loan​ will​ be​ automatically​ recalled.​ A​ loan​ recall​ means​ the​ borrower​ is​ required​ to​ pay​ off​ the​ loan's​ remaining​ balance.

9​ Received​ at​ least​ two​ (2)​ months​ of​ consecutive​ salary​ paid​ through​ ABA​ payroll​ service.

Tap​ the​ icon​ below​ to​ download​ the​ ABA​ Mobile​ application​ from​ your​ smartphone's​ app​ store.​ After​ downloading,​ follow​ the​ screen​ instructions​ to​ start​ mobile​ banking!

    

ABA​ Salary​ Loan​ is​ a​ loan​ issued​ instantly​ in​ ABA​ Mobile​ app​ against​ customer's​ salary.​ No​ collaterals,​ processing​ fees,​ and​ other​ charges​ are​ required.​ The​ loan​ is​ available​ in​ USD​ only.
  • ​Instant​ access​ to​ emergency​ cash​ from​ the​ Bank
  • Attractive​ interest​ rate
  • ​No​ processing​ fees
  • ​No​ collaterals​ required ​
  • No​ prepayment​ charges​ 
Your​ employer​ must​ subscribe​ to​ ABA​ Payroll​ Service​ and​ sign​ an​ MOU​ with​ ABA​ Bank​ on​ offering​ Salary​ Loan​ to​ the​ employees.​ To​ request​ Salary​ Loan,​ you​ should​ have​ the​ ABA​ Mobile​ app​ installed​ on​ your​ smartphone.​ On​ ABA​ Mobile,​ follow​ the​ step-by-step​ instructions​ on​ this​ page.​ 
Collateral​ is​ not​ required​ for​ Salary​ Loan​ if​ you​ received​ your​ salary​ paid​ through​ the​ ABA​ payroll​ account​ for​ at​ least​ two​ consecutive​ months​ and​ your​ company​ has​ signed​ an​ MOU​ with​ ABA​ Bank.
The​ loan​ is​ capped​ at​ 50%​ of​ the​ average​ past​ two-month​ salary,​ minimum​ 100​ USD.
If​ eligible,​ the​ loan​ will​ be​ issued​ instantly.
The​ interest​ rate​ is​ 14.4%​ p.a.
Repayment​ is​ calculated​ from​ the​ month​ in​ which​ the​ loan​ was​ disbursed​ and​ automatically​ blocked​ when​ the​ salary​ is​ credited​ into​ the​ payroll​ account.​ The​ repayment​ amount​ will​ be​ automatically​ deducted​ from​ the​ payroll​ account​ on​ the​ loan​ payment​ date.
If​ there​ are​ insufficient​ funds​ in​ your​ payroll​ account​ and​ an​ automated​ repayment​ cannot​ be​ performed​ on​ time,​ it​ means​ you​ missed​ the​ due​ date​ of​ your​ loan​ repayment.​ Late​ repayment​ is​ subject​ to​ Late​ Payment​ Charges,​ which​ is​ 3%​ per​ day​ starting​ on​ the​ due​ date​ (in​ addition​ to​ the​ salary​ loan​ interest).
Yes,​ you​ can,​ as​ long​ as​ the​ total​ of​ your​ cumulative​ loans​ does​ not​ exceed​ 50%​ of​ the​ average​ two-month​ net​ salary.
No,​ you​ can't.​ Salary​ loans​ are​ offered​ based​ on​ the​ currency​ set​ in​ the​ ABA​ payroll​ service​ account.
Please​ chat​ with​ us​ via​ the​ 24/7​ webchat​ on​ www.ababank.com​ or​ Facebook​ Messenger.​ You​ can​ also​ call​ our​ 24/7​ hotline​ at​ 1 800 203 203​ or​ email​ us​ at​ [email protected]​ 

Important​ Information

All​ Terms​ and​ Conditions​ are​ subject​ to​ ABA​ Bank's​ sole​ discretion​ to​ change​ without​ prior​ notice​ to​ customers.​ For​ more​ information​ on​ the​ Salary​ Loan,​ call​ our​ hotline​ at​ 1 800 203 203,​ available​ 24/7​ for​ you,​ or​ visit​ your​ nearest​ ABA​ Bank​ branch.