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homenavigate_nextMedianavigate_nextOur Newsnavigate_nextLAK 100 Billion Plan Short Term Loan with Good Interest Rate for SMEs

LAK 100 Billion Plan Short Term Loan with Good Interest Rate for SMEs

May 21, 2020

SME is Small and Medium Enterprise that are legally registered and operate according to Laws of the Lao PDR, which depend on the average number of employees, total assets and annual turnover to classify SME into the size categories. Assess to finance, including the short term lending, is an important factor for SME development and contributing to the socio-economy.

ACEDA Bank Lao Ltd. 'ABL', the Bank you can trust the Bank for the people and vision to be the leading SME bank in the Lao PDR, releases the plan of LAK 100 Billion on the Short Term loan with a good interest rate for the targeted SME, especially the agricultural, trade and service sector, in Laos.

This type of loan shall have the interest rate from 7.99% per annum and the period of 03 months, 06 months or up to a maximum of 12 months. Additionally, as the SME bank and advance technology Mobile App. 'ACLEDA ToanChet (ThanChai)', ABL has chance to serve customers at all levels with various types of commercial bank products, services, ATMs (welcoming the card of 14 banks to withdraw cash from ATM of ABL) and credit facilities for medium and long term.

Recently, each SME customer, in particular the medium size or larger business scale, can borrow from ACLEDA Bank Lao up to LAK 20 Billion or USD 2.3 Million based on the customer's profile.

Celebrating the years 12th of operation in the Lao PDR, ACLEDA Bank Lao Ltd. is recognized as No.1 commercial bank contributing Laotian employment in the sector and the 1st Bank in Laos providing the Card-less withdrawal money via ATM with OTP. "ACLEDA ToanChet (ThanChai)" enables customers to undertake transactions Anyday, Anytime, Anywhere 'AAA'. Regionally, ACLEDA Group comprises ACLEDA Bank Plc. founded since 1993 and subsidiaries operating in Cambodia, Laos and Myanmar with total assets over USD 6 Billion, 316 branches-offices, 688 ATMs, serving millions' customers and remittance service worldwide.

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