Maybank and Borey Peng Huoth sign flexible housing loan agreement

Maybank (Cambodia) Plc. and Borey Peng Huoth signed a special housing loan agreement on Wednesday, offering clients an interest rate of 6.88% for a house under construction at Borey Peng Huoth Sales Gallery.

Under the agreement, Maybank will offer flexible loans to those wishing to invest in the Borey Peng Huoth development project and all customers of Borey Peng Huoth will be eligible for a loan, including completed and under construction homes.

Rath Sophoan, Deputy Managing Director/Head of Community Financial Services, Maybank, said: “This partnership clearly underscores the closeness and effectiveness of the link between Maybank and Borey Peng Huoth in providing the most convenient offer to customers who own their dream homes with the loan amount up to 80% of the property value, the attractive interest rate of 6.88% per annum and the loan repayment is up to 25 years.

He added, “In line with our mission to humanize financial services, we are committed to providing a financial solution that meets our customers’ homeownership needs by offering interest rates and repayment of competitive loans”.

Phy Sovadhana, Senior Marketing Manager of Borey Peng Huoth, said, “The cooperation with Maybank enables our local residents to have access to financial services without any guarantees during the construction period or when signing the contract with Borey. Peng Huot.

From March 23 to May 31, 2022, customers who apply for a Maybank home loan will receive a fortune card worth up to KHR680,000 and have a chance to win grand fortune prizes up to KHR8,880,000 from Maybank Tiger Dual Fortunes, the statement added.

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