Individual or household customers with borrowing needs for business operations much larger than standard limits allowed by Agribank can apply to use “syndicated loan” of Agribank.
Main features
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Currency:
VND, foreign currencies
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Maximum
loan term: 12 months
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Loan
amount: customers must have equity participation of at least 10% of the total
short term capital needs and of 20% of total medium to long term capital needs.
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Interest:
fixed, floating
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Loan
security: with or without assets as collateral, or by 3rd party guarantor
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Lending
method: single or multiple lending as requested by customers
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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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Direct
mail, branches/transaction offices, ATM’s, Mobile Banking, Internet Banking
Technology applied
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Agribank
uses automated system (IPCAS) to track customer information, accounts,
signatures, photos, amounts of interest payment, etc. with the highest security
and accuracy.