BCEL offers auto payment for AEON leasing customers

BCEL offers auto payment for AEON leasing customers

Customers of AEON Leasing Service (Lao) Company Limited will find it easier for make repayment now the company has agreed to cooperate with Banque pour le Commerce Exter ieur Lao Public (BCEL) on Autopay services.

According to a senior company manager, customers with BCEL accounts can have the lease payments automatically deducted by BCEL, which means they will not have to visit the company themselves.

Speaking at the press conference, AEON Leasing Service (Lao) Company Limited Managing Director Mr Shiro Kitano said this was the first ever cooperation project between the leasing company and BCEL in Laos.

“The auto payment service will involve deductions from the accounts of customers by the bank, with the deductions being done in accordance with the payment period of the customer,” he said.

Mr Kitano said that the automatic payment will save time for the customers and protect them from interest charges for late payment.

BCEL Deputy Managing Director Mr Phoukhong Chanthachak said that the holders of BCEL accounts can instruct the bank to open an automatic debit from their accounts to repay AEON every month without having to pay at AEON counters.

“Customers can decide on the payment date based on their salary or earning cycle. This also enables customers to select a payment date of either the 26th or 2nd day of every month,” he said.

BCEL has the largest market share and customer base. The bank's assets cover 28 percent of the Lao banking sector, 25 percent of loans and 36 percent of deposits.

“This is the reason why we are confident that our customers will use the auto payment service as being the smart choice for them,” Mr Phoukhong said.

The number of leasing companies appears to be increasing year by year in Laos, mainly because of public demand for items they are unable to buy outright.

The products on offer by leasing companies cover a wide range of goods, including motorbikes, mobile phones, cars and other electronic items.

vientiane times