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ACLEDA Bank Lao Ltd.

 »  Products & Services  »  Credits  »  Car Loan

Car Loan

Car Loan is a kind of loan ACLEDA Bank Lao offers to customer who has a regular income to get a car for personal or family use.

Benefits

  • Owning a car for everyday use
  • Converting from a full payment to monthly installment for the car price
  • Opportunity to use other products & services
  • Promoting family's welfare

Special Features

  • ACLEDA Bank Lao offers car loan in Lao Kip, Thai Baht or US dollar.
  • You can use this loan to buy a brand-new car or used car which is 10 years old or less from its producing year.
  • You can enjoy loan period up to 5 years.
  • You can get the loan amount up to LAK800,000,000 or USD100,000 or THB3,000,000.

Interest Rate

Currency type in LAK, THB, and USD

  • Loan period up to 12 months for loan size:
    • Up to LAK800 million, interest rate is 12.00% per annum.
    • Up to USD100,000, interest rate is 7.00% per annum.
    • Up to THB3 million, interest rate is 8.00% per annum.
  • Loan period up to 24 months for loan size:
    • Up to LAK800 million, interest rate is 13.00% per annum.
    • Up to USD100,000, interest rate is 7.50% per annum.
    • Up to THB3 million, interest rate is 9.00% per annum.
  • Loan period up to 36 months for loan size:
    • Up to LAK800 million, interest rate is 13.00% per annum.
    • Up to USD100,000, interest rate is 7.50% per annum.
    • Up to THB3 million, interest rate is 9.00% per annum.
  • Loan period up to 48 months for loan size:
    • Up to LAK800 million, interest rate is 13.50% per annum.
    • Up to USD100,000, interest rate is 8.00% per annum.
    • Up to THB3 million, interest rate is 9.50% per annum.
  • Loan period up to 60 months for loan size:
    • Up to LAK800 million, interest rate is 14.00% per annum.
    • Up to USD100,000, interest rate is 8.50% per annum.
    • Up to THB3 million, interest rate is 10.00% per annum.

Fee Charge

  • LAK:
    • Up to LAK100 million, fee is 1% of loan size, and collateral evaluation fee is 3% of loan size.
    • Up to LAK600 million, fee is 1% of loan size, and collateral evaluation fee is 2% of loan size.
    • Up to LAK800 million, fee is 1% of loan size, and collateral evaluation fee is 1.5% of loan size.
  • USD:
    • Up to USD10,000, fee is 2% of loan size, and collateral evaluation fee is 3% of loan size.
    • Up to USD75,000, fee is 2% of loan size, and collateral evaluation fee is 2% of loan size.
    • Up to USD100,000, fee is 2% of loan size, and collateral evaluation fee is 1.5% of loan size.
  • THB:
    • Up to THB400,000, fee is 2% of loan size, and collateral evaluation fee is 3% of loan size.
    • Up to THB2.5 million, fee is 2% of loan size, and collateral evaluation fee is 2% of loan size.
    • Up to THB3 million, fee is 2% of loan size, and collateral evaluation fee is 1.5% of loan size.

Requirements

  • Being a majority
  • Having a permanent address within ACLEDA Bank Lao's operation which is certified by local authority
  • Having a good history, reputation, and attitude
  • Having a proper work, salary, or sufficient income that warrant the ability to pay back
  • For employee of a company, organisation or other institutions, you need a certified letter or employment contract to ensure your employment is longer than repayment period
  • Willing not to change residential address to other location outside ACLEDA Bank Lao's operating areas until the loan is paid off
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