The Borrower establishes or maintains an account with the Cambodia
Asia Bank.
Whether for business demands that need additional working capital
or simly seizing a business opportunity, you can access funds by writing
cheque. This 6-months credit line provides you with the most in terms
of convenience, savings and flexibility.
Quick access-
instant funds againts your cheque
Convenient
- no waiting , no promissory notes, no hassle
Flexible terms-repay
principal quickly and avail again
Renewable
Product Feature
This is basically
a line facility that is valid for limited period but renewable at
the end of each term.
Facility can
be availed in full and in part during the validity period
Available from
amount of USD 1,000 for personal & USD 10,000 for commercial
Term: 6 months
for personal, 1 year for commercial and renewable at both parties'option.
Requirements
1. Properly filled-out Application Form & Agreement & pre-qualifying
personal interview by the Account Officer.
2. Submission of acceptable Collateral (see list below).
3. For individual Applicants
If applicant
is employed:
Certificate
of Employment stating annual salary/ Income Tax Returns (if any)/
Copy of valid identification/ Police Clearance or Certificate of
Good Character from Community Leader and copy of Credit Card(s),
if any.
If Applicant is business
owner:
Business Registration/ Corporate Documents/ Audited Financial
Statements, Income Tax Returns/ Copy of valid identification/ Police
Clearance or Certificate of Good Character from Community Leader
and copy Credit Card(s), if any.
4. For Corporate
Entity Applicants
Business Registration,
Corporate Documents, Audited Financial Statements, Income Tax Returns(if
any), Investment License or any evidence or document issued by competent
authority permitting the borrower to operate in Cambodia , Original
corporate resolution approving its intent to apply for bank loan,
and Tax Declaration or Certificate of Tax Payments(if any), Two valid
identification of authorized signatories with photo and signature.
* Generally Acceptable Loan
Collaterals
Primary
Owner's Copy of Land
Title Certificate
Owner's Copy of Condominium
Unit Ownership Certificate
Fixed Deposit Certificate
issued by CAB
Transport Vehicles of
not more than 1 year old model.
Secondary
Bank Guarantees issued by reputable banks
Confirmed Letter of Credit(For Trade Finance only )
