LOLC’s Emergency Loan (EL) product offers existing group loan clients the opportunity to borrow additional funds on short notice for emergency purposes, such as a fire or death / illness in the family. Clients in good-standing with LOLC, who have a demonstrated track-record of on-time repayment and continued capacity to repay, may apply for an EL.
The EL is disbursed as a second, separate loan with a short tenor (3 to 12 months) based on the client’s needs. EL loan size is limited to $250, thus providing clients with a small safety net that allows them to survive economic stresses.
Currency
Loan Size
Interest Rate
Loan Term
KHR
Up to 1,000,000
1.5%
3-12 months
USD
Up to 250
1.5%
3-12 months
THB
Up to 10,000
1.5%
3-12 months
Note: this table shows interest rate indication only, and some fee charges may be applied.
Advantages
LOLC’s Emergency Loan offers clients a number of key benefits, including:
- Free option of currency: KHR, US dollar or Thai Baht.
- A reasonable interest rate, calculated based on outstanding balance.
- Convenient option to apply for and repay loan at nearest LOLC office or at your business site or any money transfer agencies which incorporated with LOLC.
- Flexible loan terms and repayment plan that are catered to your need.
Contact Information
To apply for LOLC’s Emergency Loan, follow these simple steps:
- Talk to a LOLC staff member in your area or at the nearest LOLC office.
- Request a specific amount and term based on your needs.
- Provide the necessary documents required by LOLC.
- Agree to the loan terms & conditions.