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.

Key benefits

Keep Fixed Deposit untouched
Enjoy the access to extra funds and still have Fixed Deposit bringing interest to you. Saving with ABA is now even more reliable!

Immediate funding
Be it day or night, you get access to emergency cash from the Bank within seconds. You’ll receive funds in a lump sum — making this a great option for large expenses.

No fees and charges
Enjoy the instant loan with no processing fee and penalty for early loan repayment. Make repayment anytime and pay interest only for days you borrowed.

Main conditions

Supported currency¹	USD, KHR
Borrower eligibility	Customer shall meet all conditions below: Be 18 years old or above on the application date Have Fixed Deposit account (single owner)² Be a ABA Mobile App user
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 50 USD or 200, 000 KHR
Loan amount	Maximum amount 90% of FD amount or 10,000 USD or 40,000,000 KHR whichever is lower
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
Processing fee	Free
Loan settlement condition	Self-settlement⁴ Auto settlement on maturity⁵ Force settlement on maturity⁶

_{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.}

Eligibility

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.

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!

Important information
FAQ

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.

What is ABA Mobile Instant Loan?

ABA Mobile Instant Loan is a loan issued instantly in ABA Mobile app against customer’s Fixed Deposit account. The loan is available in USD and KHR.

What are the main benefits of the loan?

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

How to get loan?

You should have ABA Savings Account and at least one active Fixed Deposit account. To request for loan, you should have ABA Mobile app installed on your smartphone.

What collateral do I need to have?

To get the Mobile Instant Loan, you need to use your Fixed Deposit account as collateral.

How much can I borrow?

The loan is capped at 90% of your Fixed Deposit, maximum USD 5,000 / KHR 20 million.

How much time does it take to get the loan?

In case you meet the requirements for loan disbursement, it will be issued instantly.

What is the interest rate for the loan?

The interest rate for your Mobile Instant Loan depends on the terms and conditions of your Fixed Deposit account. Please check carefully the actual interest rate on the screen of ABA Mobile when you create the loan request.

How to make the repayment?

The loan principal and interest shall be paid in full on or before the maturity date of Fixed Deposit that was used as collateral for the loan. Interest is calculated from the date of disbursement of the loan till the date when the loan is repaid.

Will I be charged if I settle the loan before the due date?

No, there is no penalty for the early loan repayment. You can repay the loan’s principal amount and interest at any day convenient for you with no early loan repayment fee.

What will happen to my Fixed Deposit if I don’t repay the loan on time?

Should you miss the due date of your loan repayment, ABA will use your Fixed Deposit used as loan collateral to settle the due principal and interest amount of the loan. The Fixed Deposit will be closed after it, and the funds that will remain after all necessary deductions will be credited back to your Savings account you used for Fixed Deposit opening.

Can I have several loans in ABA Mobile?

Yes, you can issue several loans if you have more than one Fixed Deposit accounts with us. Please note that you can issue one loan for each Fixed Deposit account.

Can I switch the currency of my loan?

No, you cannot. The loan is issued in the currency of your Fixed Deposit used as loan collateral and cannot be changed to other currency later.

What should I do if I still have questions about the loan?

In case of any questions regarding Mobile Instant Loan, please feel free to call us at +855 23 225 333 or send an email to [email protected], or send us a message in the 24/7 web-chat on our website www.ababank.com or on our Facebook page.

Instant​ Loan​ against Fixed Deposit