Loan for Business Cooperation
1. Facility features
Feeding capital needs for business cooperation.
Competitive credit rate.
Simple and fast procedure helps customers save time in transactions.
Facility available in diverse forms.
Simple conditions and documents required.
Flexible measures of security.
Our professional and experienced staff will offer free advices and recommend clients to choose the most efficient loan proposals.
2. Subject customers
Subject customers include Vietnamese individuals.
3. Purpose
Supporting clients who have needs of business cooperation with partners to carry out the licensed plan/ project business without any increase in equity as registered in the existing business license as well as without new entity establishment.
4. Tenor
Defined in accordance with the cooperation plan, return schedule of the capital invested as well as the capital contributed in the business project, repayment capacity of the customers.
5. Lending methods
We offer flexible loan installments upon the actual progress of the subject cooperative project as well as of the business operation.
6. Repayment schedule
Interest paid monthly.
Principal paid per schedule in accordance with customers’ income and agreement between customers and SAIGONBANK (monthly/ quarterly/ yearly).
7. Loan conditions
Individuals must be legally eligible, entitled to civil capacity and responsibilities in compliance with the prevailing laws.
Customers must show proof of residents such as permanent or temporarily long-term residential registration (KT3) in the same areas where SAIGONBANK offices (Head Office or branch or transaction office) are located.
Purpose of loan utilization must be legal.
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.
8. Loan security
Security may be in forms of deposit, mortgage, pledge, guarantee and other security measures in compliance with the prevailing laws.
9. Credit rate
Per SAIGONBANK’s loan policy published in each period.
10. Credit limit
Determined on the basis of various factors including the contributed capital, the value of loan security items, customers’ demand, their own capital invested in the project / plan, and their repayment capability.
11. Lending currency
VND
12. Loan application file
Legal documents of the applicant and the guarantor (if any) (ID card, residential household registration booklet or KT3).
Legal proof of customers’ financial and business situations.
Application form, loan proposal, cooperation agreement, proof of income, other documents related to the subject loans…
Documents related to security measures.
Contact:
For further information, please directly contact us at our Head Office or any branch/sub-branch or e-mail us at: saigonbank@hcm.vnn.vn
