Q: Why is my credit score important and where do I get it?

A:

Credit Bureau of Cambodia is responsible for recording, keeping, and updating all records of all loaners in Cambodia. The information will be used by Micro-finances and Banks in order to evaluate the risk of giving client a loan by analyzing on the records of payments of the client. The better record a client has the lower risk to give a loan to them. To sum up, if a client has a good credit record, the easier for them to take a loan.

Q: What are the requirements to get the loan?

A:

  • Age: 18 to 65 years old
  • Have a good credit record and reputation
  • has regular income, can be a self-employed or emloyed

Q: What is the maximum amount of loan can I take?

A:

It is pretty hard to answer this question about how much you can take for now. We need to study about your income, expanse, and type of property that you are going to buy or improve. However, we can inform you that you need at least 25% of total amount of the house you want to buy. For the Home Improvement Loan you can take fully 100% of amount of your plan.

Q: Are there any others loan I can take beside loan that relate to Home?

A:

You can take a loan for any purpose you wish unless you already have one of the loan that related to Home. You can top up the loan with no requirement to pay off the existing loan. You can take the loan for 10 years and use it to buy daily materials or run businesses.

Q: Why I have to buy Fire Insurance for my house

A:

A Home is very important for each family. The lost of home is almost like loosing of everything. Therefore, buying fire insurance will help you if you will ever face this tragedy. Nevertheless, First Finance helps to facilitate our clients in buying fire insurance.