Pre-payment return guarantee
Created on 15/3/2010
Updated at 9/7/2010
Domestic and foreign enterprises can use “pre-payment return guarantee” service, by which Agribank undertakes to pay the lender of the enterprise all advance payment under signed contract if the enterprise fails to fulfill part or full of its payment obligations.
VND, foreign currencies
- Term: 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
Agribank 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.