Phongsavanh Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Phongsavanh Bank lends directly in Laos, at an APR of 15% to 17% against a personal loan median of 12.25%. It suits salaried staff and self-employed borrowers with employer-certified income funding a home improvement on its personal or secured loans, and early repayment carries no charge.

Key facts

Best for
Employer-certified income wanting a fixed-rate home improvement loan.
APR
15% to 17% (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
1% of the total approved loan amount, deducted once (Source, checked September 26, 2026)
Funding time
3-5 working days to an approval decision after complete documents are submitted (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Government employees, staff of international organisations, private company employees and self-employed applicants with three consecutive months of income certified by the employer (Source, checked September 26, 2026)
Origination fee (%)
1% (Source, checked September 26, 2026)
Loan types
Personal, Secured (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Headquarters
Laos (Source, checked September 26, 2026)
Support channels
Email, Phone (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
phongsavanhbank.com

Apps and profiles

Elsewhere
LinkedInfacebook.cominstagram.comyoutube.comtiktok.com

Pros and cons

Pros

  • Fixed for the whole term, with an APR of 15% to 17%.
  • Early repayment is free, which 81.2% of lenders on the site also offer.
  • Lends direct rather than through a broker, the route 72.1% of lenders on the site.
  • Support runs on email and phone, and phone is the channel 85% of lenders use most.

Cons

  • An origination fee of 1% of the total approved loan amount, deducted once, taken out of the approved amount.
  • Approval follows a waiting period of several working days after documents are complete, against the 82.9% of lenders offering same-day funding.
Phongsavanh Bank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Borrowers funding a home improvement, the stated use for these loans, over a term of 12 to 60.
  • Anyone who wants a fixed rate and plans to clear the balance early at no charge.

Who should look elsewhere

  • Borrowers chasing the lowest headline rate: Cashspace ES lists 0%, against 15% to 17% here.
  • Applicants who cannot have income certified by the employer, since eligibility turns on that certificate.
  • Borrowers priced off a variable rate, since fixed rate lending is the only model listed.

How Phongsavanh Bank compares

Where Phongsavanh Bank is available

Available
Laos

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on a Phongsavanh Bank loan?+

The bank charges an APR of 15% to 17% on both its personal and secured loans, and that price is fixed for the whole term. One charge comes on top: an origination fee of 1% of the total approved loan amount, deducted once, taken once. Against a personal loan median of 12.25% on the site, the band sits above the middle.

Can I repay early without a penalty?+

Early repayment is free, so clearing the balance sooner adds nothing to the cost. 81.2% of the lenders on the site also offer this, and a fixed rate means the interest does not move under you. Pair it with a term of 12 to 60 that suits your cash flow.

How long does an application take?+

An approval decision comes after several working days once complete documents are submitted, so plan for a wait rather than same-day money. For comparison, 82.9% of lenders on the site advertise same-day funding. You can reach the bank on email and phone while the file is being looked at.

What kinds of loan does it offer?+

There are two of them, personal and secured, and the stated use is home improvement. Repayment runs over 12 to 60, against a site median term of 36, so a term can be matched to how long the work takes.

Who am I dealing with?+

Phongsavanh Bank is based in Laos and lends as a direct lender, so you deal with the bank itself rather than a broker or a marketplace. 72.1% of lenders on the site lend the same way, which is the majority route here.

How do I get hold of the bank?+

Support runs on email and phone, so phone and email both work, and phone is the channel 85% of lenders on the site use most. Ask for the origination fee of 1% of the total approved loan amount, deducted once and the term of 12 to 60 in writing before you sign anything.

How does it compare with the alternatives?+

Cashspace quotes an APR of PHP 12 to PHP 36 in PHP, Cashspace ES shows 0%, and Monzo Flex quotes 10% to 23%. Phongsavanh Bank's band of 15% to 17% is fixed and narrow, and its 1% of the total approved loan amount, deducted once is a single charge on the approved amount.

Sources

  • phongsavanhbank.com checked September 26, 2026

    Backs: Headquarters

    “Phongsavanh Bank Laos - Retail Banking, Business Banking and Corporate Banking”

  • phongsavanhbank.com/psv/index.php checked September 26, 2026

    Backs: Support channels

    “info@phongsavanhbank.com, tel: (+856-21)716999, call centre: 1188”

  • phongsavanhbank.com/psv/modules.php checked September 26, 2026

    Backs: APR, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term, Use cases

    “Personal loan interest rate: kip starting at 15%-17% per year”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Loan amount, Credit check, Representative example.

Phongsavanh Bank

Phongsavanh Bank

Employer-certified income wanting a fixed-rate home improvement loan.

9.0/10See alternatives

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