Condo Loan
Modern Living Made Affordable – Finance Your Condo with Ease
At Evergrowth (Cambodia) Specialized Bank Plc., our Condo Loan is specially designed for salaried individuals, entrepreneurs, and foreign investors who want to purchase a condominium unit in Cambodia. Whether for personal residence or investment, this loan offers competitive rates and long repayment terms to make your dream condo a reality.
Product Features
| Feature | Details |
|---|---|
| Loan Amount | Up to USD 1,000,000 |
| Loan Term | Up to 15 years for localsUp to 10 years for foreigners/investors |
| Interest Rate | 0.60% – 1.00% per month |
| Repayment Type | Equal Monthly Installments (Principal + Interest) |
| Debt Service Ratio (DSR) | Maximum 60% of net monthly income |
| Processing Fee | 1% of approved loan amount (payable after legal documentation is complete) |
Early Repayment Conditions
| Time Period | Penalty Fee |
|---|---|
| Within 5 years | 3% of the early repaid principal amount |
| Year 6 onward | 1% of the early repaid principal amount |
Collateral & Disbursement
| Requirement | Details |
|---|---|
| Collateral | The purchased condo unit (must be completed) |
| Loan-to-Value (LTV) | Up to 70% of purchase price |
| Registration | Hypothecation registration with Cadastral Office |
| Fire Insurance | Required after building completion (insurance fee paid by borrower) |
| Disbursement Method | Full loan amount disbursed directly to the seller’s bank account |
Required Documents
ID card(s), passport, family book, and employee ID
Proof of income (any of the following):
Business: income/expense record
Salary: employment contract, confirmation letter, payslip, bank statement
Property documents:
Sale Purchase Agreement (SPA)
30% deposit receipt
Developer’s license and construction permit
Other documents as needed
Ideal For
Cambodian salaried employees or entrepreneurs seeking personal residence
Foreign investors interested in real estate ownership in Cambodia
Buyers of completed and registered condominium units
Ready to Grow with Evergrowth Bank?
Take the next step toward achieving your financial goals with our flexible business and personal loan solutions. Our team is here to guide you every step of the way.
