Bank for Investment and Development of Cambodia Plc. (BIDC Bank) have just launched new feature Online Instant Loan against Fixed Deposit on BIDC Mobile Banking for customers who need urgent fund in short-time without closing their Fixed Deposit.
The product is a suitable and optimal support financial solution on digital channel for the customers who need fund in short-time such as consumption, investment etc.
Now experience it with us!
Do not close the Fixed Deposit before the maturity date
Immediately disbursement within 01 minute
No processing fee, no paying off or parital loan repayment fee
2. Term and Conditions:
|Borrower eligibility||Customer shall meet all conditions below:
Have Fixed Deposit account
Register BIDC Mobile Banking
|Loan purpose||Personal Consumption|
|Credit facility type||Instant Loan Against Fixed Deposit|
|Collateral||Fixed Deposit with BIDC (opened via BIDC Mobile Banking only)|
|Repayment||Any time before the due date of your Fixed Deposit used as loan collateral|
|Loan term||The same as current FD maturity date (Principal and interest to be paid on the maturity date)|
Minimum amount: 50.00 USD or 200,000 KHR
Maximum amount: 90% of FD amount but it doesn’t exceed 50,000 USD or 200,000,000 KHR
|Paying off||Allowed BIDC Mobile Mobile Banking only (no using the Fixed Deposit as fund to do)|
|Interest rate||Plus 2% per annum of Fixed Deposit interest rate|
|Loan settlement Method||
Auto (Force) settlement on the maturity date
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