Loan for Export Finance
1. Facility features:
Timely feeding the needs of capital for exporting business.
Preferential credit rate upon incentive scheme.
Favorable foreign exchange rates applied.
High limit applicable.
Simple and fast procedure helps customers save time in transactions.
Simple conditions and documents required.
Facility available for diverse forms of international payment (L/C, T/T, D/P, D/A, CAD);
Facility available for a closed business circle from material purchase until payment receipt.
Flexible measures of security.
Our professional and experienced staff will offer free advices as additional services such as advices on Terms and Conditions of Sales Contract, delivery, bill of lading endorsement, shipping guarantee, document preparation, negotiation, receivable collection, settlement, insurance etc…).
2. Subject customers:
Eligible enterprises which are legally operating in Vietnam.
3. Purpose:
Supporting enterprises to fill the insufficient working capital in manufacturing products for export.
4. Tenor:
Defined in accordance with the manufacturing and business cycle, project return schedule and the repayment capability, remaining operation duration of the enterprises.
Tenor limit as short-term loan (12 months)
5. Lending methods:
Loan disbursement to be made on actual case by case or;
Loan disbursement to be made upon credit limit approved;
Loan disbursement to be made upon standby credit limit approved;
6. Loan conditions:
Clients must be legally eligible, entitled to civil capacity and responsibilities in compliance with the prevailing laws.
Purpose of loan utilization must be legal and appropriate for export financing.
Customers must show sufficient financial capability to fulfill their repayment commitments.
Customers must prove their tentative investment projects to be effective, feasible and compliant with the prevailing laws of Viet Nam.
Customers must fulfill the requirement of loan security per SAIGONBANK’s loan policy.
If the clients are foreign investment enterprises, they need to comply with regulations on foreign exchange control of Vietnam.
7. Loan security:
Security may be in forms of deposit, mortgage, pledge, guarantee and other security measures in compliance with the prevailing laws.
8. Credit rate:
Preferential rates applied per SAIGONBANK’s incentive loan policy published in each period.
9. Credit limit:
Determined on the basis of various factors including the Sales Contract amount, the value of loan security items, customers’ demand, their own capital invested in the project / plan, and repayment capability.
10. Loan currency:
VND or
USD
11. Loan application file
Legal documents of the applicant.
Proof of customers’ financial and business situations (financial statements).
Application form, loan proposal, relevant documents as Sales Contract, export L/C etc…
Documents related to security measures.
Contact:
For further information, please directly contact us at 848-39143183 or approach any transaction point of SAIGONBANK network nationwide.
