Yula.la News

There are many people who dream of starting their own business in Laos, but some may not have enough funds and are interested in going for a loan from a reliable bank.

Many banks offer various types of business loans like retail or corporate loans to meet the needs of people who want to open or expand their businesses.

In this article, we will get to know another type of business loan called SME loans.

What is SMEs Loan?

SME Loan is a business loan that supports small and medium enterprises, following the bank’s policy. It is a loan that invests into a private business and to apply for a loan to start a business, expands investment, or as a turnover in a business that is established and conducts in accordance with the laws of the country.

SMEs Loans are designed to suit small and medium-sized businesses by looking at what kind of loan is right for that business, based on the terms of the loan, purposes, durations,  interests, and collateral.

There are types of SMEs loan such as overdraft loan, normal loan for the business, revolving loan and etc.

The terms and conditions are as follows:

- Have a business history of profit of 1 year or more

- Small and medium enterprises in three sectors: manufacturing, trade, and services

- The value of the collateral is based on an appraisal of 100%, with a guarantee of up to 70% of the value o the collateral.

- Contribution of 20% or more

-10% discount on the interest rate for regular customers

- Half approval fee from regular customers

- No collateral appraisal fee is charged

BCEL has SME loans to provide clients who want to start or expand their business with satisfactory interest rates, receive the fund up to 70% of the collateral, as well as providing a team of financial advisors for financial consultation, this is to provide a source of funding for customers who are doing small and medium business. We are determined to help your business achieve above and beyond by providing service that only BCEL can give in Laos. 

If you are interested in applying for SME Loan, please contact BCEL or call 1555/(+856-21) 213200 for more information

BCEL , MODERN QUICK RELIABLE