Installment working capital loan, which aims to provide flexible and better tailored financial solutions to Micro SMEs, was honored as “Best Innovative Banking Product/Service” by Outstanding Vietnam Bank Awards (VOBA) in 2022.

Features:

• Principal repaid in installment and interest calculated on the decreasing balance
• Loan purpose: supplementing working capital to serve production and business activities
• Currency: VND
• Loan-to-value ratio: not exceeding 85% of customer’s capital needs
• Loan amount: up to VND 5 billion
• Term: up to 60 months
• Credit type: Loan
• Repayment: principal is repaid periodically every 1 month, every 2 months … (no more than 6 months/time); monthly interest is paid depending on the actual loan amount
• Collateral: escrow account, savings book/card, deposit contract, real estate property, cars

Eligibility:

Micro SME customers require short-term loans for production and business activities.