Consumer Loan: Loan amount up to 50,000,000 Kip

Consumer Credit for Retail Customers

Characteristics

• Ideal for individuals with a regular income
• Designed for purchasing household goods, electronic items, and vehicles (e.g., motorcycles)

Highlights

• Borrow up to 50 million kip
• Interest compounded based on the outstanding balance

Eligibility

• Applicants must be Lao nationals residing in Laos
• Minimum monthly income of 1,500,000 kip
• Age limit: Up to 60 years for males and up to 55 years for females
• No history of bad debt with other banks

Required Documents

• Basic information about borrowers
• Income and expenditure documentation
• Invoices for goods from retailers

Credit Limit

• Up to 100% of the product value

Interest Rate (Per Year)

• Kip currency: 13% - 17%

Fees:

• No credit approval fee

Loan Period

• Maximum term of 36 months

Repayment

• Monthly installments

Collateral

• None

Note

Interest rates and fees are subject to change as announced periodically