Car Purchase Loan

Own the vehicle you need for personal, family or business use

Overview

The Car Purchase Loan is designed to help customers acquire a vehicle with ease—whether for personal use, family convenience, or business transport. With flexible terms and a streamlined application process, iM Lao Microfinance makes vehicle ownership accessible and affordable.

 

 

 

  1. Key Features
    • LTV up to 70% of purchase price
    • Interest rate starting from 1.29%
    • Acceptance of vehicles with older M. years
    • No guarantor needed
    • No ownership transfer
  2. Eligibility
    • Individual & legal entity
    • All citizen aged 18+
    • Must own a vehicle registered under your name
    • Valid ID/business license
    • Basic financial documentation
  3. Key Features
  4. For individual
    • Copy of ID or passport
    • Copy of Family Book
    • Original copy of certificate of residence
    • House and/or business map
    • Proof of occupation / income / bank statement (6 months) – if available
  5. For legal entity
    • Copy of enterprise registration certificate or business license
    • Copy tax payment certificate
    • Original copy of certificate of residence
    • Map of business and representative’ residence
    • Priginal copy of certificate of residence