Letter of Guarantee:
Document service Guarantee is a type of Loan transaction, Lao-China Bank Co., Ltd. will issue a guarantee document at the request of the customer, In the form of making a promise to the beneficiary, When the applicant fails to fulfill his obligations or commitments in the contract, Lao-China Bank Co., Ltd. will be responsible for the performance of the debt or liability in accordance with the conditions set out in the guarantee document. Currently, the Bank has just started to provide non-financial business services, including:
- Documents guarantee Auctions.
- Documents guarantee Contractors.
- Documents guarantee Contract performance.
- Documents guarantee Advance payment.
- Documents guarantee that is not other financial transactions which the bank has approved
Loan Authorize: Loan Authorize is the provision of one type of Loan service by release Loan as assigned from the government, Business and private sector as a source of funding is legitimate, which gives Authorized Lao-China Bank (Lender and authorized person) to act as the lending agent, Monitor the usage and also provide information on Loan collection according to the target of Loan, usage, amount, term, interest rate and other conditions of the authorized person. Lao-China Bank (representative) only charges a service fee, will not be liable for such Loan risk.
