This is an Agribank credit product for individual customers who are Vietnamese citizens residing in foreign countries for over 12 months or foreign citizens residing in Vietnam for over 12 months having the need to pay foreign debts before due date.
Main
features
-
Currency:
VND, foreign currencies
-
Term:
medium, long term.
-
Loan
limit: Customer equity participation of at least 20% of the total demand forloans.
-
Interest
rate: fix, floating
-
Loan
security: with or without assets as collateral or third-party guarantor
-
Disbursements:
full disbursement or multiple disbursements
-
Repayment
of principle and interest: single or multiple principle payment, monthly
repayment on interest or regular repayment as negotiated.
-
Repayment
before term: interest calculated from the date of borrowing to the date of
repayment. Total fees paid before the term is stated in the contractual
agreement.
Delivery channels
-
Agribank
branches/transaction offices or E-banking.
Technology applied
-
Agribank
uses automated system (IPCAS) to track customer information, accounts, amounts
of interest payment, etc. with the highest security and accuracy.