Can I Apply for a Home Loan? Mortgage Q&A
Updated on: June 6, 2022, 5:00 p.m.
Published on: November 18, 2015, 8:08 a.m.
Realestate News

Can I Apply for a Home Loan? Mortgage Q&A

How much can banks lend you through a home loan? 

Banks can Cambodia can lend you up to 70% of the total property value. Much like the rest of the world, the final loan amount will be the bank's discretion based on the applicant's capacity to pay it back.

What annual interest rate can I expect from Cambodian banks?

Annual interest rates in Cambodia are about 8%.

For how long can I borrow from banks in Cambodia?

Borrowers can get a loan payment term for up to 20 years.

Are there any fees associated with my loan application in Cambodian banks?

Yes, the bank may charge around 1% of the loan amount drawn down. Associated fees such as Hard Title Registration, blockage, Property valuation, annual insurance, and legal fees are also borne by the borrower.

How do I apply for a loan in a Cambodian bank?

Of course, getting in touch with a bank will be the first step in doing so. But then again, choosing the right bank for your home loan is almost as important as the property itself. Realestate.com.kh is partnered with several banks in Cambodia offering great terms for both Khmers and foreign buyers

What are some requirements if I want to apply for a home loan?

Different documents will be required for different loan scenarios. However, the basic information requires from you includes:

  • National ID Card and Passport;
  • Sales and Purchase Agreement of the property; 
  • Income evidence (i.e. salary payslip, employment letter, bank statement, and/or other relevant documents); 
  • For self-employed applicants, business income verification is also required. 

Can foreigners apply for a home loan in Cambodia? 

Yes, foreigners in Cambodia can apply for a home loan. Realestate.com.kh has a comprehensive guide on home loans for foreigners based in Cambodia.