Your dream car is closer than you think! Canadia Bank offers a simple, flexible Vehicle Loan that makes it easy to drive the car you’ve always wanted, with affordable monthly payments and convenient terms.
Features and Conditions
Description
USD
KHR
Interest rate per annum
Brand New Car
From 8.0% to 8.75% with collateral
0.25% Discount on the Standard Rate
Used Car
From 10% to 13.25%
Special Offer on Personal Loans for Royal Government Officials and Employee Banking Account
- 0.25% Discount on the Standard Rate - Subject to DOA approval from the Head or Deputy Head of Consumer Division.
Loan amount
Up to 80% of car price
Repayment method
Monthly principle plus interest
Loan tenure
Brand New Car
Up to 96 Months
Used Car
Up to 84 Months
Bank service charge
Minimum USD250 or 1.50% of loan limit
Block SETFO
Free
Pre-payment charge
If the early settlement is made during the first half of the loan term (up to 24 months), a fee of 3% of the settlement amount will be charged. After this period, a fee of 1% will be charged if no 30-day advance notice is provided before the early settlement, whether it is partial or full.
Car Insurance
YES
Loan Payment Mode
Print at Canadia Bank Branch (Can not download from Canadia Bank App
Late Payment Charge
27% p.a on monthly installment amount
Loan Disbursement
Automatic disbursement to a customer account
Requirements
Employee
Valid National ID card/passport
Family book/residential book
Valid driving license
Copy of land certificate as proof of residence
Employment certificate/payslips/bank statement, and/or other relevant documents (must pass probation) at least 3 months
Business owner
Valid National ID card/passport
Family book/residential book
Valid driving license
Copy of land certificate as proof of residence
Business license (base on type of business), if any
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