Worker Loan is a kind of loan that is provided to workers and trainees who have passed the exam to work overseas through the Ministry of Labor and Vocational Training and needs funds for processing passport, visa, as well as for purchasing flight tickets, luggage, clothes and other consumables needed for their work abroad.

Product Features

• Loan amount: Up to 5,000 USD
• Interest rate: 8.50% p.a
• Loan term: Up to 24 months
• Repayment mode:
  – Equal Monthly Installment
  – Equal Monthly Principal
  – EMI/EMP with principal grace period up to 3 months
• Collateral: Not required
• Payment: Via KB PRASAC Mobile or SWIFT (ITT) or Relatives can repay instead.

Requirements

• Be a majority aged from 18 years old with good health
• Permanent resident
• Have a good record and be reliable
• Have a legal business and regular income
• Have enough capacity to repay the loan and be responsible

Required Documents

• ID card
• Passport
• Family book, residential book, birth certificate

Note

• KB PRASAC reserves the right to change terms and conditions with prior notice to the client as required by law.
• Other terms and conditions apply.