| Features and Conditions | ||
|---|---|---|
| Description | ||
| Purpose |
|
|
| Type of collateral | Hard Title of the home purchased | |
| Interest rate per annum | Purchase SVL-MRTA (Full Loan Amount and Loan Tenor) | • 7.25% for 1st year • 8.50 from 2nd Year |
| Not purchase SVL-MRTA (Full Loan Amount and Loan Tenor) | • 7.50% for 1st year • 8.50 from 2nd Year |
|
| Loan to value | • Loan limit: Up to 95% of house value | |
| Loan amount | >=$20,000 | |
| Loan term |
• Up to 20 years • >20-25 years (required MRTA of SVL) |
|
| Bank service charge | • 1% of loan drawdown or - BSC 0.5% for SVL-MRTA to cover full loan amount with minimum tenor of 2 yeas or - BSC 0.5% for new FD customer with minimum limit of deposit amount USD 50K and tenor not less than 6 months or - BSC 0% for SVL-MRTA to cover full loan amount with loan tenor more than 5 years. |
|
| Legal fee | USD 150 or KHR Equivalent | |
| Property evaluation | Free | |
| Fire insurance | • Yes (Exclusive by Dara Insurance) • Free fire insurance for the 2nd year if customer have satisfied repayment record (no late) in the last 12 months, standard premium fee applies from third year. |
|
| Pre-payment charge | A- Loan Amount ≤ 10K: • 3% on the early settle amount in part or in full if early settlement during half of loan tenor (not more than 24 months), 1% thereafter if no any notice 30 days in advance before early settle in part or in full. B- Loan Amount >10K • 3% on partial principal or paid-off balance in the first 3 years, charge 1% thereafter. • No charge thereafter if customer inform 1 month in advance before pay off or partial principal payment. |
|
| Mode of payment for monthly amortization |
Monthly principle plus interest |
|
| Late Payment Charges |
27% p.a on monthly installment amount |
|
| Requirements |
|
|
The above Interest Rate and Terms & Conditions are subject to change at the Bank's sole discretion without any prior notice to customer.
For further information, please visit your nearest Canadia Bank branch or give us a call at (+855) 23 868 222 .
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