Instant Loan against Fixed Deposit
ABA Bank offers Instant Loan against Fixed Deposit in ABA Mobile app for those who needs emergency cash without breaking their Fixed Deposit and losing the accrued interest.
The loan is provided on easy terms and conditions with no processing fee, no document submission and instant loan approval!
We've updated ABA Mobile Terms and Conditions on March 26, 2020. Click here to read the updated version.
|Supported currency1||USD, KHR|
|Borrower eligibility||Customer shall meet all conditions below:|
|Financing purpose||Personal needs|
|Credit facility type||Mobile Instant Loan Against Fixed Deposit|
|Collateral||Fixed Deposit with ABA (opened via mobile or over the counter) only|
|Settlement term||Any time before the due date of your Fixed Deposit used as loan collateral|
|Loan tenor (Fixed)||The same as current FD maturity date|
|Loan amount||Minimum amount|
|Top up3 / Settlement||Allowed in ABA mobile app only|
|Interest rate (p.a.)||Plus 3% p.a on top of customer Fixed Deposit account rate|
|Repayment mode||Principle and interest to be paid on the maturity date|
|Loan settlement condition|
All Terms and Conditions are subject to ABA Bank’s sole discretion without prior notice to customers.
1 Loan currency is based on Fixed Deposit currency.
2 There should not be any prior amount block in FD account.
3 Maximum amount follows item “Loan amount”.
4 Customer can settle the loan before maturity date in ABA Mobile App.
5 Customer is required to maintain [loan amount + interest] in disbursed account for loan settlement at maturity.
6 In case customer doesn’t maintain sufficient balance [loan amount + interest] in loan settlement account, system will force close the principal and interest of all types of FD in loan settlement account to fully close the loan.
How to get Instant Loan Against Fixed Deposit?
- Launch ABA Mobile app and tap “Loans” button on the main screen
- Select Fixed Deposit1 which will be used as a collateral for the Instant Loan.
- Enter the loan amount2 that can go as high as 90% of the Fixed Deposit amount and tap “GET LOAN” button.
- Confirm the loan request with ABA Mobile 4-digit PIN, after which the loan will be instantly issued. Here, you can also download the loan agreement for your convenience.
1 If you have one Fixed Deposit account only, it will be automatically selected. If you have more than one Fixed Deposit, you should select one of them to continue the loan issuance process. If you don’t have a Fixed Deposit, you can create one easily right in the app.
2 The amount of loan you can borrow is up to 90% of the amount of your Fixed Deposit or maximum USD 5,000 / KHR 20 million.
All ABA Mobile app users above 18 years old with at least one active Fixed Deposit account (except joint Fixed Deposit).
How to open ABA account
Visit your nearest ABA branch and meet our Relationship Manager or give us a call at 023 225 333 to make an appointment with our Customer Acquisition Officer (CAO) who will meet you at your premise.
How to get ABA Mobile App
Click the icon below to download the application from Apple's App store or Google Play Store. After downloading, simply follow the screen instructions to start mobile banking!
Terms and conditions are subject to change without prior notice to customers. For more information on the Instant Mobile Loan, visit your nearest ABA Bank branch, our website www.ababank.com or call our hotline at 023 225 333 available 24/7 for you.
- Instant access to emergency cash from the Bank
- Attractive interest rate
- No processing fees
- No penalty for early loan repayment
- Make repayment anytime and pay interest only for days you borrowed