Instant Account holders can open deposits and get loans in ABA Mobile
ABA Bank announces that it enables Flexi Deposit Account, Fixed Deposit Account, and Instant Loan features for its Instant Account holders. The deposits and loan can be opened instantly in the ABA Mobile app at no charge. The move is made to provide Instant Account owners with access to modern financial services and increase financial inclusion in the country.
The Mobile Fixed Deposit and Mobile Flexi Deposit are available in both currencies (KHR and USD), while Mobile Fixed Deposit offers a higher interest rate than the one opened at the branch counter.
The Instant Loan feature allows user to apply for an emergency loan against their Fixed Deposit with ABA in USD or KHR. The borrowers can pay off the Instant Loan at any time without any penalties for an early payoff and will only be charged interest for the number of days they borrowed it. The feature becomes very convenient for those deposit holders who need cash urgently and don’t want to break their Fixed Deposit and lose the accrued interest.
Don’t have an ABA account yet? Download the ABA Mobile app to your smartphone and open Instant Account (Cambodian ID card and phone number required) or visit your nearest ABA branch today!