This is Agribank credit product for household or individual customers in the intensive cultivation of rice and having rice-growing areas intercropping with other short-term plants of the next season interval, who are in need of loans for production.
Main features
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Currency:
VND
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Term:
Short term, not exceeding the term of the next crop.
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Loan
amount: not exceeding the actual balance of the previous loan contract.
Customers need to have equity participation of at least 10% of the total
capital requirements.
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Interest:
interest rate applicable at the time of loan
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Loan
security: with or without assets as collateral or third-party guarantor
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Disbursements:
full disbursement or multiple disbursements
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Repayment
of principle and interest: single or multiple principle payment, monthly
repayment on interest or regular repayment as negotiated.
Delivery channels
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Agribank
branches/transaction offices or E-banking.
Technology applied
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Agribank
uses automated system (IPCAS) to track customer information, accounts, amounts
of interest payment, etc. with the highest security and accuracy.