Loan Purpose

Term Loan for individual to support purchasing/building /renovate residential property.

Benefit

• Long repayment period (maximum tenor up to 25years) with low interest rate.
• Loan limit is allowed up to 70% of the property’s value.
• The borrower can pay down principal of the loan without any charge.

Currency Lending

• LAK, THB, USD (depending on currency of borrowers’ income)

Maximum Tenor

25 years

Interest

• 9% p.a for USD and THB
• 10% p.a for LAK

Fees

Approval Fee: 1% of the loan limit

Required Document

1) Loan Application form
2) Support Purpose of the loan
 Loan Utilization Plan
 BOQ or detail of construction plan
 Contract with building contractor
3) Identity Document of borrower and guarantor (if any)
 ID Card [copy]
 Household Registration Book [copy]
 Passport
4) Financial Documents:
 Bank Statement
 Financial Report (if any)
5) Collateral
 Land Title Deed of the collateral [copy]
 A Power of Attorney Letter (Copy), which is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other. For example, the person authorizing the other to use land(s) as collateral
6) Other relevant document required by the bank