Pre-payment return guarantee
Created on 15/3/2010
Updated at 6/9/2010
Individual customers residing in Vietnam or abroad can use “pre-payment return guarantee” service, by which Agribank undertakes to pay the lender of the customer all advance payment under signed contract if the customer fails to fulfill part or full of his payment obligations.
VND, foreign currencies
short term, medium and long term as negotiated
for the guarantee: security deposits, pledged assets, collateral, third-party
guarantor, and other means of security as guided by Agribank
fees: as regulated from time to time; full payment for in partial payments
payment: a late payment fees will be charged with overdue interest rate not
exceeding 150% short term loan interest rate
branches/transaction offices or automated channels (E-banking)
Agribank uses automated system
(IPCAS) to track customer information, accounts, amounts of interest payment,
etc. with the highest security and accuracy.