KB Kookmin Bank Launches Auto Loan and Non-Face-to-Face Credit Loan in Cambodia

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 8th that it has launched the ‘Dream Car Loan’ to support auto financing for new car buyers in Cambodia.

The ‘Dream Car Loan’ is a product that supports up to 80% of the car purchase price within a maximum of 7 years for employees residing in Phnom Penh and Kandal provinces or those who can provide income verification.

KB Kookmin Bank plans to strengthen non-face-to-face financial services by launching auto loans on ‘Liiv KB Cambodia’ in the future, reducing the time required for loan eligibility, limit, and interest rate inquiries?which currently take more than a week on average?to within 30 minutes via a mobile app.

KB Smart Loan will also be introduced in Cambodia. The ‘KB Smart Loan’ is an unsecured credit loan for employees working at reputable companies. The loan limit is up to $30,000, and for the first time in the local financial sector, loan eligibility, limit, and interest rates can be instantly checked and applied for non-face-to-face through the digital banking platform ‘Liiv KB Cambodia’.

In particular, the ‘KB Smart Loan’ enhances non-face-to-face competitiveness in overseas markets by allowing applicants to apply for credit loans through self-camera verification and other identity authentication methods without visiting a branch.

Kim Hyun-jong, President of KB Cambodia Bank, stated, “We will continue to provide faster and more convenient financial services to the people of Cambodia, reflecting the practical needs of our customers.”

This content was produced with the assistance of AI translation services.