Partners Loan

Product Features

1	Condition	Full-time MJQE employees with 1 year of seniority or more
2	Loan Amount (Max)	10 times the salary (not to exceed $10,000)
3	Interest Rate	1.20% per month or 14.4% per year
4	Term (Max)	Up to 48Months
5	Admin Fee (Up front Fee)	1%
6	Payment Menthod	Flexible Repayment
7	Drop Out	Require to pay off or conversion to general credit according to PF policy
8	Collateral	In case of borrowing more than the above limit, collateral is required.
9	Co-borrower (married borrower)	Husband/Wife (no guarantor required)
10	Guarantor (single/widowed/widowed borrower)	Customer’s responsibility
11	CBC Fee	Customer’s responsibility
12	Repayment to the institution	MJQE will help facilitate payroll deductions from employees with loans, effectively paying them on behalf of employees.
12	Repayment to the institution	Employees can pay in person at the office or through our partner agencies, including ACLEDA Bank, Wing, and TrueMoney.

Be a majority aged 18 to 65 years old
Have property as collateral (hypotheque)
Official documents: identification card, family book, residence book, or valid copy of official documents
Be a permanent resident within Prasethpheap’s operational areas.