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Songkhoem Loan

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Songkhoem Loan

For Cambodians moving to work in South Korea
A Songkhoem loan can help support your move to South Korea. This loan can help offer the necessary funds to prepare yourself as you transition into working in Korea. To make things even easier, we offer competitive interest rates and a fast approval process so that you can put your mind at ease.

 

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To apply you will need to have:

• Finished the training course at the National Polytechnic Institute of Cambodia (NPIC)

• Have an official contract (from Ministry of Labor) for a job with a Korean company to make sure you are going to move and work in Korea

• Be a resident with a valid address

• Demonstrate the ability to pay back PPCBank

 

Conditions

• Loan amount from: USD 500 to USD 5,000 or KHR 2,000,000 to KHR 20,000,000

• Loan tenor: Up to 24 months

• Repayment modes: grace period (on principal up to 6 months), installment and amortization

• Interest rate: ≈ 1% per month

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