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.

Main features

 

-          Currency: VND, foreign currencies

-          Term: short term, medium and long term as negotiated

-          Security for the guarantee: security deposits, pledged assets, collateral, third-party guarantor, and other means of security as guided by Agribank

-          Guarantee fees: as regulated from time to time; full payment for in partial payments

-          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.


Quang Hung
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Copyright. Vietnam Bank for Agriculture and Rural Development 2010. All rights reserved.