Chief Bank has launched the "Chief Easy” mobile app that allows borrowers to apply for loans of up to $1,000 without collateral.
Chief Bank CEO Dr Soeung Morarith said this latest product was launched to give Cambodians the opportunity to apply for micro loans safely, easily and quickly.
A loan application via smartphone can be processed within 15 minutes, and the fixed interest rate – in accordance with the loan interest policy set by the National Bank of Cambodia – is only 1.5 per cent per month.
Business people, working adults and students are all eligible to apply for the loan facility.
Chief Bank wants to make banking easy for all, and the Chief Easy app is a digital platform that allows customers to conveniently access the bank's financial services.
To apply for a Chief Easy online loan, just download the app from the Google Play Store or Apple's App Store and enter the required information.