Personal Loan
Financing for your plans
- Interest rate
- From 15% – 17% p.a.
- Loan term
- 1 to 5 years
- Currencies
- LAK · THB · USD
- Approval
- 3 to 5 working days
Loan details
1. Purposes of loan
- Purchasing vehicles and household appliances
- Buying land for a house’s construction or residential facility
- Renovating or extending existing house
- Covering education expenses or other important family-related financial needs
- Supporting household-based agricultural and livestock
- Other purposes under applicable laws and regulations
2. Eligible borrowers
- Employees of an international non-governmental organization and international organization
- Employees of a state-owned enterprise
- Employees of a private companies
- Individuals with verifiable regular monthly income
3. Available currencies
LAK, THB and USD.
4. Loan amount / limit
There is no fixed loan limit. The approved loan amount will depend on the applicant’s source of income, repayment capacity, and the appraised value of the collateral provided.
5. Interest rates
| Currency | Interest rate |
|---|---|
| LAK (Lao Kip) | Starting from 15% - 17% per annum |
| THB (Thai Baht) | Starting from 15% - 17% per annum |
| USD (US Dollar) | Starting from 15% - 17% per annum |
6. Loan term
Loan terms range from 1 to 5 years (the term can be short or long depending on the purpose of the loan and the borrower’s repayment capacity).
7. Loan repayment
- Interest is payable monthly, at the end of each month
- Principal repayment may be made monthly or in scheduled installments, based on the borrower’s capacity.
8. Collateral requirements
- Deposit account with our bank or other financial institutions
- Title of a land in urban area.
9. Required documents
- Copy of national identification card
- Copy of family registration book
- Proof of current residential address
- Income or salary verification letter
- Employment contract
- Salary deduction authorization form for loan repayment
- Copy of a permanent land title under the applicant’s name
- Other additional documents as required by the bank
10. Approval timeframe
A response will be provided within 3 to 5 working days after all required information and documents have been fully submitted to the bank.
11. Post-approval service fees
- A one-time processing fee of 1% of the approved loan amount.
- A collateral valuation fee of 0.25% of the appraised collateral value
Personal