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Motorbike Loan

Motorbike Loan is provided to you who have a regular income to get a motorbike for your family or business.

Advantages

• Owning your dreamed motorbike
• Converting from a whole pay to amortization for the motorbike price
• Promoting welfare of your family and the society

Features of Motorbike Loan

• Motorbike Loan is provided in Lao Kip, Thai Baht or US Dollar.
• This loan is designed for you to buy any types of brand-new motorbike or used motorbike from legal suppliers.
• ACLEDA Bank Lao offers Motorbike Loan up to LAK20,000,000; THB80,000 or USD2,500.
• Maximum of loan period is up to 3 years for:
• Customers who are employees and will not exceed the retirement age.
• Other customers will not be over 60 years of age.

Interest Rate

• Loan period up to 12 months for loan size:
• Up to LAK20 million, interest rate is 12.00% per annum.
• Up to USD2,500, interest rate is 7.00% per annum.
• Up to THB80,000, interest rate is 8.00% per annum.
• Loan period up to 24 months for loan size:
• Up to LAK20 million, interest rate is 13.00% per annum.
• Up to USD2,500, interest rate is 7.50% per annum.
• Up to THB80,000, interest rate is 9.00% per annum.
• Loan period up to 36 months for loan size:
• Up to LAK20 million, interest rate is 13.00% per annum.
• Up to USD2,500, interest rate is 7.50% per annum.
• Up to THB80,000, interest rate is 9.00% per annum.

Fee Charge

• LAK:
  Up to LAK20 million, fee is 1% of loan size, and collateral evaluation fee is 3% of loan size.
• USD:
  Up to USD2,500, fee is 2% of loan size, and collateral evaluation fee is 3% of loan size.
• THB:
  Up to THB80,000, fee is 2% of loan size, and collateral evaluation fee is 3% of loan.

Requirements

• Customers
• A copy of family book, identity card, passport, or any valid documents
• Driving License (if any)
• Having financial statements for the last month
• Savings passbook or a copy of bank statement for last three months (if any)
• A copy of electricity and water supply bills for last three months (if any)
• Assure all information and other documents are clear and correct when bank need
• Employees
• A copy of family book, identity card, passport, or any valid documents
• Driving License (if any)
• Having a certification of employment or employment contract, etc
• A copy of payslip for last three months or certification of status, position, duration of work, and salary history (if any)
• A copy of electricity and water supply bills as well as other bills for last three months
• Savings passbook or a copy of bank statement for last three months (if any)
• Having financial statements for last one month (if having any other business)