Loans
Loan for supporting Small and Medium Enterprises (SMEs), according to the SMEs Promotion Policy of BYB:
This loan type aims to support the investment of SMEs’ businesses such as the loan that is requested for starting up the business, the business expansion, as working capital of SMEs that have been established and executed under the law of the Lao PDR. All loan applications will be considered under loan appraisal criteria of BYB, subjected to the business performance of SMEs.
- Types of Loan for SMEs: Normal loan for business and revolving loan
- The tenor of loans: 2 years (Can extension the contract)
- Loan purposes: SMEs that operate in the production of commercial goods, trades, services and expand enterprise
Document requires for SMEs loan application: SMEs:
- Loan application form of BYB (Provided by BYB)
- A copy of the business license, a copy of the current tax certificate, a copy of other licenses associated to the business sectors.
- A copy of Identity card / Family book
- Financial statements of the business
- Business plan of customer’s business
- A copy of collateral certificate: Land title
- Any photos of business and collateral
Medium-Term Loans
Name | Medium-Term Loans |
Description | A loan where repayments are made over a period of between one and five years is aimed to support working capital revolving and liquidity to business operations, such as purchasing raw materials, equipment or wages, etc |
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Types of Loans |
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Currency Lending |
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Loan Documentation |
1. Loan Request Letter (Visit to BYB) 2. Legal Documents for Business
3. Identity Documents
4. Corporate Governance Documents
5. Financial Documents
6. Collateral
7. Other relevant documents required by the bank |