The Seasonal Loan (SNL) is designed to support farmers and traders in agriculture activities such as animal raising, storage trading, fishing, agri-business and relevant agriculture productions. This is provided to clients who regularly get income from their business, including strength collateral, but their income is gained by seasonally.
LOLC’s Seasonal 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 at your business site or any money transfer agents which has been incorporated with LOLC.
- Flexible loan terms and repayment plan that are catered to your need.
SNL is designed for adapting to the needs of our clients by allowing several options of repayment modes:
- Semi-balloon (monthly interest repayment and the balance of principal repayment based on cash flow analysis and mutual agreement),
- Balloon (monthly interest repayment and the balance of principal payment at the end of the contract),
- Annuity, or
- Flexible annuity.
|Currency||Loan Size||Interest Rate Per Month||Loan Term|
|KHR||up to 120,000,000||1.2%-1.5%||3 – 48 months|
|USD||up to 30,000||1.2%-1.5%||3 – 48 months|
|THB||up to 1,200,000||1.2%-1.5%||3 – 48 months|
Processing fee is charged 1%-6% per cycle.
- Be a majority aged 18 to 70 years old
- 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 member 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.