Main features
-
Currency:
VND
-
Term:
no more than 5 years (for foreign investors: not exceeding the time allowed
residing in Vietnam
or the remaining time of business license)
-
Loan
amount:
o
Pledging
such shares as collateral for the loan: maximum loan amount equals 50% total
value of shares purchased
o
Pledging
by other assets: loan amount shall not exceeding 75% value of secrutiy assets.
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Interest:
fixed, floating
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Loan
security: secured by assets formed from loan capital or other assets as
prescribed
-
Disbursements:
one-off, directly into account of company
-
Repayment
of principle and interest: single or multiple principle payment, monthly
repayment on interest or regular repayment as negotiated
-
Overdue
penalty: overdue interest rate is 150% on due interest rate
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.