Phongsavanh Bank Q: I just want to know about my current loan request Kip25,000,000 and FYI i used to get loan from your bank twice - first time US$5,000 and 2nd time Kip25,000,000 without problem in repayment. However, my this time request has been submitted more than a month already, so, please may I have your decision soon.
As a foreigner you require a red Lao residence permit and associated business VISA/ residence VISA to open an account with a Lao Bank. you cannot open an account with just tourist VISA etc. You need to open a deposit account before you can open a term deposit.
BCEL - Deposits Q: I already have a saving account with BCEL. I would like to ask you about the 5 year fixed deposit (Monthly) interest rates. Is it 11.65% or 11% for monthly? I am comparing with other Banks in Laos to see which bank can give me higher rates. I plan to deposit in KIP.. The amount of 60 million baht will be transfer from my Thailand bank.