• Up to 6 years or 72 months

• Starting at 0.83% per month or 10% per year

• Permanent or hard title deed
• Certificate of fixed deposit

• Up to 70% of collateral value which is hard land title deed
• Up to 100% of collateral value which is fixed deposit amount

• Starting at LAK 20,000,000 or USD 2,000 equivalent

• Bank service charge: 1% of approved limit (one time off);
• Collateral evaluation fee: 1% of approved limit (one time off).

• Equal monthly principals plus interests declining;
• Fixed monthly installment (principals + interests);
• Other repayment method is negotiable in accordance with a mutual consent basis between the Bank and borrower.

• Borrower may be required to buy insurance (if necessary)

Required documents:

1. For individual customer

• Borrower’s identification documents: copied valid national ID card/or passport, family book, current residence certificate (original), employee ID card or government ID card.
• Collateral documents: copied hard title of subject collateral, copied certificate of fixed deposit (if any), sale-purchase agreement/deposit agreement of subject collateral (evidence to proof deposit of collateral) and construction permit (if any).
• Financial documents:
  • For employee or government official: monthly salary certificate/employment certificate/pay slip, bank statement, utility bill.
  • For business owner: monthly financial report for last 3 months, annual financial report for last 2 years, quotation (if any), purchase order, invoice, receipt, lease agreement (if any) and utility bill.
• Legal document: copied of business permit/business license (if any), tax registration certificate, annual tax payment receipt (if any).
• Other documents as per the Bank’s requirement (if any)

2. For entity/company

• Identification documents: copied valid national ID card/or passport of company owner and/or all shareholders, family book of company owner and/or all shareholders, current address certificate of company owner and/or all shareholders (original).
• Collateral documents: copied hard title of subject collateral, copied certificate of fixed deposit (if any), sale-purchase agreement/deposit agreement of subject collateral (evidence to proof deposit of collateral) and construction permit (if any).
• Legal document: copied business permit/business license, tax registration certificate, annual tax payment receipt (latest year), shareholder agreement, article of association, organizational structure and board resolution on borrowing loan.
• Financial report: monthly financial report for last 6 months, annual financial report for last 3 years (external audited report is advantageous), summary of total assets, inventory report, quotation (if any), purchase order (if any), payment order (if any), sale-purchase agreement (if any), proof of remittance transaction for goods payment (if any), bank statement for last 2 years, work inspection certificate (if any).
• Miscellaneous documents as per requirement of the Bank (if any).