The Small and Medium Enterprise Loan (SME) aims to support individuals, companies or enterprises in running or expanding their businesses in all legal sectors, including trade, services, agri-businesses and manufacturing. The loan product targets clients with small to medium size businesses requiring a loan from 40,000,001 riels upward or its equivalent.
LOLC’s Small and Medium Enterprise Loan offers clients a number of key benefits:
- A reasonable interest rate, calculated based on outstanding balance,
- Convenient option to apply for and repay loan at nearest LOLC office or any money transfer agents which has been incorporated with LOLC,
- Flexible loan terms and repayment plan that are catered to your need.
Product Features:
The SME loan is designed for adapting to the needs of our clients by allowing several options of repayment mode:
- Fixed installment (monthly interest and principal repayment),
- Semi-balloon (monthly interest repayment and the principal repayment based on cash flow analysis and mutual agreement),
- Annuity, or
- Flexible annuity.
Currency | Loan Size | Interest Rate | Loan Term |
---|---|---|---|
KHR | from 40,000,001 upward | reasonable interest rate | 3 – 120 months |
USD | from 10,001 upward | reasonable interest rate | 3 – 120 months |
THB | from 400,001 upward | reasonable interest rate | 3 – 120 months |
Fee:
Processing fee is charged 1% - 2% per cycle.
Requirement:
-
- Permanent resident
- Have a legal business and regular income
- Have a good record and be reliable
- Have enough capacity to repay the loan
- ID card and family book, or resident book, or birth certificate
- Agree to the loan term & conditions.
How to apply:
To apply for loan, client shall follow these simple steps:
- Talk to a LOLC staff in your area or at the nearest LOLC office or via call center 023 991 991.
- Request a specific amount and term based on your needs.