Vietnamese individuals residing in Vietnam qualified to work abroad in accordance with regulations: have signed contracts with employment service business for working abroad, in need of loans to pay for the lawful activities necessary for long term working overseas can use “loans for individuals working abroad” provided by Agribank.
VND, USD, EUR
not exceeding the term of the contract to work abroad.
amount: up to 80% of the total costs in the contract
rate: fixed, floating; overdue interest rate is 150% of due interest rate
security: with or without assets as collateral or third-party guarantor
Households of workers in rural areas
are considered for loans up to VND 20 million without loan security; one-member
households are required to have loan security with assets. Businesses providing
labor export services must provide deposit in accordance with Circular No.
02/2004/TT-NHNN dated 19 May 2004.
full disbursement or in partial disbursements (multiple disbursements)
are paid directly to the employer, or paid directly to employees upon the
written request of the employer.
of principal and interest: loans in foreign currencies shall require repayment in
foreign currencies of the same kind. Single or multiple principle payment,
monthly repayment on interest or regular repayment.
branches/transaction offices or E-banking.
Agribank uses automated system
(IPCAS) to track customer information, accounts, amounts of interest payment,
etc. with the highest security and accuracy.