Agribank introduces the credit product of “Loans for farmers in accordance with Decision 67/1998/QD-TTg” to individuals or households who are in need of loans for agricultural and rural development and for expenses of business operation.
Main
features
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Currency:
VND
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Term:
short term, medium term, long term
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Loan
amount: customers must have equity participation of at least 10% of the total
demand for short-term loans and 20% of the total demand for medium and long
term loans
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Interest:
fixed, floating;
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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 depending on customer needs.
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Repayment
of principle and interest: single or multiple principle payment, monthly
repayment on interest or regular repayment as negotiated.
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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
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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.