Maruhan Japan Bank Laos has a special and competitive offer for an Auto Loan. Our approval process is as quick as 1 day. We have various interest rate options available for both the Japanese brand and non-Japanese brand. With our auto loan, we are offering in LAK currency, that will ease your payment and don’t have to worry about the increase in the exchange rate. You can view the interest rate as the table below with condition applied

Interest OptionFLAT RATEDECLINING RATE
Normal Interest Rate

  • FLAT p.a 7.60%

  • FLAT p.m 0.63%


  • 1 Year 13.74% per year

  • 2 Years 13.97% per year

  • 3 Years 13.86% per year

  • 4 Years 13.68% per year

  • 5 Years 13.48% per year

  • 6 Years 13.28% per year
Special Interest Rate Offer

  • FLAT p.a 6.59%

  • FLAT p.m 0.549%


  • 1 Year 11.95% per year

  • 2 Years 12.18% per year

  • 3 Years 12.12% per year

  • 4 Years 11.98% per year

  • 5 Years 11.83% per year

  • 6 Years 11.67% per year

CURRENCYLAK (you will find it easier to make your payment and don't have to worry about the change of exchange rate)
MINIMUM DOWN PAYMENT20%
Special Interest Rate OfferWith minimum downpayment of 20-39%

For the special interest rate, borrower has to deposit and maintain a minimum amount at least 1-month installment amount in his/her saving or current account at MJBL. In case of late payment for 59 days, this amount will be used to deduct the due installment. At the same time the special interest rate offered will be automatically reverted to normal interest rate at 0.63%p.m permanently



  • Or ending monthly balance borrower has to maintain minimum deposit amount not less than LAK 5 million.

  • Or customer under Cash Back condition will be offered with this special interest rate.

  • Or borrower pays down payment from 40% up is also eligible

  • Or case by case subject to CEO approval
TYPE OF INTEREST RATE

  • Flate Rate

  • Declining Rate
DOWN PAYMENT

  • If the borrower pays a minimum down payment 0% 20% - 29%, Guarantor is compulsory and document for Guarantor requires Family Book, Resident Certificate (ID Card or Passport).

  • If the borrower pays a minimum down payment of 30% up, Guarantor is not necessary for the branding of TOYOTA, HONDA, and MAZDA. Other brands if the borrower pays minimum down payment 40% up, the guarantor is not necessary.

  • Borrower bases in a different province but a guarantor base in the same province of MJBL office, the minimum down payment 30% up is acceptable

  • Borrower and a guarantor base in different provinces the minimum 40% up is acceptable, but it is depending on case by case qualification of the customers
LOAN AMOUNT AND LOAN TO VALUE RATIO

  • Up to 80% of vehicle value

  • Up to 100% of real estate value
LOAN TUNUREMaximum 6 years or 72 months
INSURANCE

  • 1st class insurance cover to whole loan tenure is preferable or first year premium insurance is also applicable if necessary

  • All type of insurance has to be borne by borrower. 1st year and whole loan tenure premium insurance MJBL also provide loan if needed by borrower.
PROPERTY VALUATION FEESReal Estate Collateral minimum 1%; max 3% of approved loan limited. Born by borrower.

CURRENCYLAK (you will find it easier to make your payment and don't have to worry about the change of exchange rate)
MINIMUM DOWN PAYMENT30%-39%
Special Interest Rate OfferWith minimum downpayment of 40%

For the special interest rate, borrower has to deposit and maintain a minimum amount at least 1-month installment amount in his/her saving or current account at MJBL. In case of late payment for 59 days, this amount will be used to deduct the due installment. At the same time the special interest rate offered will be automatically reverted to normal interest rate at 0.63%p.m permanently



  • Or ending monthly balance borrower has to maintain minimum deposit amount not less than LAK 5 million.

  • Or customer under Cash Back condition will be offered with this special interest rate.

  • Or borrower pays down payment from 40% up is also eligible

  • Or case by case subject to CEO approval
TYPE OF INTEREST RATE

  • Flate Rate

  • Declining Rate
LOAN AMOUNT AND LOAN TO VALUE RATIO

  • Up to 70% of vehicle value

  • Up to 100% of real estate value
LOAN TUNUREMaximum 6 years or 72 months
INSURANCE

  • 1st class insurance cover to whole loan tenure is preferable or first year premium insurance is also applicable if necessary

  • All type of insurance has to be borne by borrower. 1st year and whole loan tenure premium insurance MJBL also provide loan if needed by borrower.
PROPERTY VALUATION FEESReal Estate Collateral minimum 1%; max 3% of approved loan limited. Born by borrower.
GUARANTORGuarantor is compulsory and document for guarantor requires Family book, Resident certificate (ID card or Passport If any)