Phongsavanh Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Phongsavanh Bank suits savers and borrowers in Laos who want fixed rate deposits and loans from a single lender, and it fits anyone who wants to clear a balance early without extra cost. Loans run over terms of 12 to 60 and the fixed deposit pays a headline rate of 2.5%.
Key facts
Loans
- Term
- 12 to 60 months↗
- Arrangement fee
- 1% of the total approved loan amount, deducted once↗
- Funding time
- 3-5 working days to an approval decision after complete documents are submitted↗
- Rate type
- Fixed↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Government employees, staff of international organisations, private company employees and self-employed applicants with three consecutive months of income certified by the employer↗
- Origination fee (%)
- 1%↗
- Loan types
- Personal, Secured↗
- Use cases
- Home-improvement↗
Personal insurance
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Elsewhere
Pros and cons
Pros
- Free early repayment is included, so a loan balance can be cleared early at no extra charge.
- Lending spans personal and secured loans aimed at home improvement, with terms of 12 to 60.
- The fixed deposit pays a headline rate of 2.5% at a fixed rate, from a minimum deposit of LAK 100,000.
- The bank is a direct lender rather than a broker, and insurance claims can be made by phone and branch.
Cons
- The card's annual fee is LAK 300,000, where bunq and Wise charge €0 and £0.
- Spending earns nothing back, as the rewards type is none.
- Card support runs on phone and email only, with no help centre or live chat listed.
Who it suits
- Savers who want a fixed rate deposit and a set fixed term from a single bank.
- Borrowers funding home improvement work who plan to repay early.
Who should look elsewhere
- Card buyers chasing rewards, since the rewards type here is none.
- Anyone wanting a fee-free card, where bunq and Wise charge €0 and £0.
- Applicants who cannot offer employer-certified income, which the eligibility rules require.
How Phongsavanh Bank compares
- 8.9 vs 8.6
8.9 vs 9.4
8.9 vs 9.4
8.9 vs 9.4
8.9 vs 8.5
8.9 vs 9.4
8.9 vs 9.3
8.9 vs 8.7
8.9 vs 9.2
8.9 vs 8.7
8.9 vs 9.3
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.8
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 8.7
8.9 vs 9.4
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.6
8.9 vs 8.5
8.9 vs 8.3
8.9 vs 9.5
8.9 vs 9.4
8.9 vs 9.4
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
8.9 vs 9.3
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8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.2
8.9 vs 9.1
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 9.0
8.9 vs 8.9
8.9 vs 8.9
8.9 vs 8.8
8.9 vs 8.8- 8.9 vs 8.8
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 8.7
8.9 vs 8.6
8.9 vs 8.5
8.9 vs 8.5
8.9 vs 8.5
8.9 vs 8.4- 8.9 vs 8.0
8.9 vs 8.0
8.9 vs 8.0
8.9 vs 8.0- 8.9 vs 8.0
8.9 vs 9.1
Where Phongsavanh Bank is available
- Available
- Laos
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the credit card charge each year?+
The annual fee on the card is LAK 300,000, and it is a credit card, so anything you carry beyond the month is charged interest. That fee sits well above the fee-free cards in this comparison.
What interest and conversion fees apply?+
The card's rate is 18%, and currency conversion costs 1% on spending converted to another currency. The comparison places this card at 60 on APR and 84 on conversion fees.
Does spending on the card earn anything?+
No. The rewards type is none, so ordinary purchases give nothing back, and the card is priced at an annual fee of LAK 300,000 on top. Cardholder queries are handled on phone and email.
Can I repay a personal loan early?+
Yes, free early repayment is available, so settling the balance early carries no charge. Loans run as personal and secured borrowing over terms of 12 to 60, with an origination fee of 1% of the total approved loan amount, deducted once taken once.
How long does a loan decision take?+
An approval decision comes within a few working days once complete documents are submitted, and the stated use case is home improvement borrowing. Applications are handled by the lender itself rather than an intermediary.
What rate is paid on savings?+
The fixed deposit pays a headline rate of 2.5% at a fixed rate, with a minimum deposit of LAK 100,000. The account kind is fixed, so the money is committed for a set period rather than available on demand.
How do cardholders and insurance customers get help?+
Card queries go through phone and email, and insurance claims can be made by phone and branch. The bank also sells cover in its own name, acting as an insurer rather than a broker.
Sources
- phongsavanhbank.com checked September 26, 2026
Backs: Headquarters
“Phongsavanh Bank Laos - Retail Banking”
- phongsavanhbank.com/psv/index.php checked September 26, 2026
Backs: Account kind, Headline rate, Minimum deposit, Pricing model, Rate type
“Fixed deposit interest rate: LAK 2.50%, THB 1.50%, USD 1.50%”
- phongsavanhbank.com/psv/modules.php checked September 26, 2026
Backs: Claims channels, Provider type
“Emergency call for assistance within 24 hours - Convenient and quick process for the claim of benefits ... If you need any assistance, please call us on 1677.”
- phongsavanhbank.com/psv/modules.php checked September 26, 2026
Backs: Eligibility, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Origination fee (%), Term, Use cases
“Applicants: international organisation and government staff, private company employees, self-employed, and those whose income for three consecutive months is certified by the employer”
- phongsavanhbank.com/psv/modules.php checked September 26, 2026
Backs: Rewards type, Support channels
“CARDS SERVICES - Credit Card Business Overview, no rewards stated”
- phongsavanhbank.com/psv/modules.php checked September 26, 2026
Backs: Annual fee, APR, Card kind, Currency conversion fee
“Annual fee LAK 300.000/Classic Silver Card”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Phongsavanh Bank
Saving and borrowing in Laos through one bank, with loans that can be settled early at no charge.