Mortgage Loan
Ready to take the next step toward homeownership? Whether you are buying, refinancing, or renovating, ABA Mortgage loan can help you achieve your dream. Enjoy a competitive interest rate at 6.5% p.a., flexible loan tenor up to 25 years and financing up to 80% of your property value! Get the home you want with an affordable ABA Mortgage loan.
Conditions
Financing Purposes:
- Purchasing a completed residential house.
- Refinancing a mortgage loan from another bank.
- Financing the fitting out, furnishing, or renovation of a residential house, also known as a house loan for equity.
| Currency | USD | KHR |
| Loan Amount | 20,000.00 - 2,000,000.00 | 80 million - 8,000 million |
| Loan Term | Up to 25 Years | |
| Interest Rate p.a. | Up to USD 100k | 7.00% per annum or higher |
| Above USD 100k | 6.50% per annum or higher | |
| Repayment Mode |
| |
| Processing Fee | 1% of total loan limit | |
| Loan to Value (LTV) Ratio | Up to 80% of property value | |
| Fire Insurance & Life Insurance | Compulsory | |
| Prepayment Charge | 1% (Lock in Period) plus 1 month notice period | |
| Lawyer Attestation | Lawyer Attestation is required if age of mortgagor is over 70 years upon loan maturity date or loan amount from USD 300,000 and above. | |
Acceptable Collateral
- Purchased real estate property with a hard title that is marketable, well-located, and has good market value (mandatory).
- Real estate property with a hard title owned by the borrower or an immediate relative (spouse, sibling, parents, or parents-in-law) with either a hard or soft title (optional).
Main Advantages
- Competitive Interest Rate
- Competitive Loan Tenor
- Competitive Financing amount
- Flexible repayment/ Instalment Mode
Borrower Eligibility & Requirement
- At least one of the borrower’s age from 18 – 50 years old on the date of loan application.
- Cambodian citizen.
- Legally employed (successfully confirmed probation, total work experience – minimum 02 years)
- Adequate income – debt-to-service ratio (free cash flow to total monthly loan repayment commitments) should not be lower than 1.50x.
- Current/Saving account with ABA Bank before loan disbursement.
Documents Checklist and requirement
- Application Form
- Original Copy of National ID/Passport of applicant
- Original Copy of Family Book and/or Residence Book of applicant / Marriage Certificate (if any)
- Original Copy of Sale Purchase Agreement of purchased house.
- Documentary proof showing down payment for house purchase.
- Copy of collateral title deeds
- Copy of title deed of purchased house
Supporting documents to prove the employment
- Income source from Salary
- Original employment certificate stamped, signed by authorized person of employer certifying permanent employment. Overall working experience must be 2 years or more with at least 06 months in the current institution.
- Salary verification for immediate last 6 months paid through Bank Account verified by original Bank Account Statement to obtain for last six months and subject to committee approval for any deviation.
- List of assets owned by the Borrower.
Additional income from business/rental can be included for assessment, subject to validation of income, documents, and loan purpose remains for residential.
Important Information
Clients can reach out to any ABA Bank channel, and our dedicated mortgage managers will provide consultations to offer the best solutions for their needs`
website www.ababank.com or call our hotline at 1800 204 204 available 24/7 for you.
Refinancing
If you are interested in making your monthly loan repayments lower, ABA Bank offers Refinancing service. We can provide you with a loan on lower rates and longer terms, so you will save your money and will be able to invest more in your business on better conditions.
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