Updated October 14, 2026 · BorrowCue Editorial Team
ACLEDA Bank vs Varo Bank
ACLEDA Bank vs Varo Bank: the differences
| Compare |  ACLEDA Bank |  Varo Bank |
|---|---|---|
| APR | 9% to 18% | 0%Lower |
| Loan amount | KHR 400,000,000 | $600 to $2,000 |
| Term | 120 monthsHigher | 3 to 12 months |
| Arrangement fee | 1% of loan amount (Salary Loan); 1.5% of the loan amount, minimum KHR 8,000 or USD 2 (Advance Salary Loan) | Flat one-time fee $60-$400 (Varo Line of Credit) |
| Credit check | Hard | Soft prequal |
| Funding time | Immediate automated approval in the ACLEDA Super App, no branch visit or paperwork | Instant, deposited same day once approved |
| Eligibility | Cambodian national with permanent address, employed or self-employed; Salary Loan age 18-55 with a payroll account held at ACLEDA Bank for at least 6 months | US residents with an active Varo Bank Account; eligibility based on Varo account activity (direct deposits, balances, on-time payments) and credit score |
| Loan types | Personal, Cash advance, Car, Student, BNPL, Credit line, Business, SecuredCovers more | Personal, Credit line, Cash advance |
| Representative example | Not confirmed | Varo Line of Credit: $1,000 loan, 6 months to repay, $152 one-time fee, $192 monthly payment |
| Origination fee (%) | 1% to 1.5% | Not confirmed |
| Credit needed | Fair | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Rate type (Fixed), Lender type (Direct lender), Free early repayment (Yes).
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Key differences
- ACLEDA Bank scores higher overall: 9.3 vs 9.2.
- Founded is lower at ACLEDA Bank: 1993 vs 2015.
- APR is lower at Varo Bank: 0% vs 9% to 18%.
- Term is higher at ACLEDA Bank: 120 months vs 3 to 12 months.
- Support channels: only Varo Bank offers Chat.
- Features: only Varo Bank offers Credit line.
- Loan types: only ACLEDA Bank offers Car, Student, BNPL.
Our verdict on each
ACLEDA Bank
ACLEDA Bank suits Cambodian borrowers who already hold a salary account at the bank and want a personal loan with a borrowing limit of KHR 400,000,000. Approval is immediate in the ACLEDA Super App, and the trade-off is eligibility: a payroll account and a waiting period sit in front of the Salary Loan.
Varo Bank
Varo Line of Credit access starts with a Varo Bank account. Any borrowed amount and applicable fee are repaid in equal monthly installments, and only one VLOC advance can be outstanding at a time.
Score breakdown
| Area | ACLEDA Bank | Varo Bank |
|---|---|---|
| Cost | 9.0 | 9.5Higher |
| Offer | 9.6HigherFixed pricing at 9% to 18% across 120 months with fees of 1% to 1.5% keeps the offer easy to cost. | 9.1 |
| Trust | 9.3Higher | 8.8 |
Which one suits you
Pick ACLEDA Bank if offer, trust, term, and loan types matter most.
Pick Varo Bank if cost and apr matter most.
How they place
| Ranking | ACLEDA Bank | Varo Bank |
|---|---|---|
| Personal loans | 303 of 1920 | 499 of 1920 |
| Cash advance apps | 6 of 53 | 11 of 53 |
Licences and countries
| Country | ACLEDA Bank | Varo Bank |
|---|---|---|
| Cambodia | Not confirmed | |
| United States | Not confirmed | FDIC FDIC cert 59190 |
Additional countries for ACLEDA Bank: 1. Additional countries for Varo Bank: 1.
If neither fits
FINANZCHECK.de has apr at -0.4% to 19.9%, against 9% to 18% for ACLEDA Bank and 0% for Varo Bank.
FINANZCHECK.de reviewEvery fact side by side
| Fact | ACLEDA Bank | Varo Bank |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding | Same day funding, Credit lineCovers more |
| Legal entity | ACLEDA Bank Plc. | Varo Bank, National Association |
| Headquarters | Cambodia | United States |
| Founded | 1993Lower | 2015 |
| Support channels | Phone, Email, Help centre | Email, Chat, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | ACLEDA Bank | Varo Bank | Median |
|---|---|---|---|
| APR | 9% to 18%above the median | 0%lowest quarter | 8.99 |
| Term | 120 monthshighest quarter | 3 to 12 monthslowest quarter | 60 months |
| Origination fee (%) | 1% to 1.5%above the median | Not confirmed | 0.25 |
Median across 1144 listed lenders.
Pros and cons
ACLEDA Bank
Pros
- Approval is immediate and automated in the ACLEDA Super App, with no branch visit and no paperwork.
- Free early repayment, so clearing the balance ahead of schedule costs nothing extra.
- Support runs on phone, email and help centre, so a call or an email reaches the bank rather than a third party.
Cons
- Eligibility is narrow: a Cambodian national with a permanent address, employed or self-employed, and a payroll account held at the bank for a waiting period plus a minimum age.
- The application runs a hard credit check, so it is worth applying only when the timing suits you.
- Support runs on phone, email and help centre only, so there is no live chat route for quick questions.
Varo Bank
Pros
- Equal monthly installments repay the borrowed amount and applicable fee.
Cons
- Only one VLOC advance can be outstanding at a time.
Who each suits
ACLEDA Bank
Who it suits
- Cambodian adults with a permanent address who are employed or self-employed and want a repayment figure that does not change each month.
- Borrowers who need money the same day without visiting a branch or sending paper forms.
- People funding home improvement work who may finish paying early without a charge.
Who should look elsewhere
- Not for Monzo Flex users, whose rates run 10% to 23% and sit in a different market from Cambodia.
- Not for Cashspace ES customers, whose APR is 0% and carries no interest at all.
- Not for Cashspace borrowers weighing lending at PHP 12 to PHP 36 in another currency market.
Varo Bank
Who it suits
- Varo Bank customers reviewing how VLOC access and repayment work.
Current offers
Varo Bank
Current offer
Bonus
Elevated high-yield savings rate up to 3.75% APY: 3.75% APY on up to $5,000, 1.00% APY on the rest
Qualifying direct deposits totaling $1,000 or more and ending the month with a positive balance in all Varo accounts; APY accurate as of July 1, 2026; rates subject to change
Source, checked September 26, 2026
Country by country
| Country | ACLEDA Bank | Varo Bank |
|---|---|---|
| Cambodia | Yes | No |
| United States | No | Yes |
Questions about each
ACLEDA Bank
What rate will I pay on a personal loan?+
The published annual percentage is 9% to 18% and the rate type is fixed. The rate you are offered depends on the product and on your own circumstances, but the band above is the range the bank publishes for personal loans. Because it is fixed, the figure does not rise when market rates move.
What fees does ACLEDA Bank charge?+
There is an arrangement fee taken as a share of the amount borrowed, and the shares differ by product. A small percentage applies to the Salary Loan, a larger one to the Advance Salary Loan, where a minimum fee also applies. Taken together the arrangement fee runs 1% to 1.5% of the loan amount.
How fast do I get the money?+
Approval is immediate and automated in the ACLEDA Super App, and same-day funding is the feature the bank leads with. You do not need to visit a branch or send paperwork, so the application runs on your phone from start to finish and the money can arrive the same day.
How much can I borrow and over what term?+
The borrowing limit is KHR 400,000,000 and the term can run 120 months. A long term spreads each repayment more thinly, which helps when the loan covers a large one-off cost. The trade-off is that interest keeps accruing over a longer stretch unless you repay early.
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