|Who is eligible||Individuals of Lao nationality or legal entities registered in Laos.
Foreigners are required to have a Lao National Certificate.
|Loan ceiling||Depends on vehicle appraisal amount (no upper limit of loan amount).|
|Contract period||3 months ~ 3 Years.|
|Loan interest||2.5% month~|
|Repayment date (contract repayment date)||5th of every month (next business day if a holiday)|
|Guarantor||Customers of sole proprietorship: 1 individual guarantor.
Corporate customers: In principle, one corporate representative and one individual guarantor.
|Required documents||Family book
Ownership of the collateral vehicle
Spare key of the collateral vehicle
Documents for changing the ownership of vehicle
For corporate customer (Business license and tax)