BCEL Home Loan

BCEL Home Loan

Characteristics

• Low interest rate
• Loan amounts up to 70% of project value
• Ideal for purchasing land, construction, and house renovation.

Highlights

• Maximum loan term of 10 years
• Interest compounded based on the outstanding balance
• Avoid the burden of high interest

Loan Requirements:

• Applicants must be employed and Lao nationals
• Must have a stable employment history
• No history of bad debt with other banks

Required Documents

• Basic information about borrowers
• Collateral details
• Income and expenditure documentation

Interest Rate (Per Year)

• Kip currency: 7.00% - 7.25%

Fees:

• Credit approval fee: 0.4% of the loan amount
• No collateral evaluation fee

Loan Period

• Maximum term of 10 years

Repayment

• Monthly installments or based on the client's actual income

Collateral

• Land and building (Certificate), etc.

Note

Interest rates and fees are subject to change as announced periodically