Domestic and foreign enterprises can use “counter guarantee” service by which Agribank undertakes to perform financial obligations toward the guarantor in cases where the guarantor is obligated to perform the guarantee and pay on behalf of customers.
Main features
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Currency:
VND, foreign currencies
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Term: short term, medium and long term as negotiated
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Security
for the guarantee: security deposits, pledged assets, collateral, third-party
guarantor, and other means of security as guided by Agribank
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Guarantee
fees: as regulated from time to time; full payment for in partial payments
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Late
payment: a late payment fees will be charged with overdue interest rate not
exceeding 150% short term loan interest rate
Delivery channels
Agribank
branches/transaction offices or automated channels (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.