Product detail
- Lending rate: maximum 100%
- Loan term:
+ Non-revolving loan: to supplement working capital: maximum 12 months, and to supplement medium term capital: maximum 60months
+ For loans in form of a credit line, overdraft limit, granting limit term: maximum 12 months
- Loan methods:
+ Non-revolving loan
+ Credit limit loan
+ Overdraft limit
- Repayment methods:
+ Methods of repayment: installment, fixed principal repayment, flexible repayment
+ Repayment term: monthly or quarterly repayment base on negociation with customer
Benefits
Flexible & preferential interest with fast procedure
Enjoy the best service quality with fast time and simple procedures
Getting consultancy about business plan from VRB professional staff
Application criteria
- Individuals that are not older than 60 years old
- Having a business registration certificate under the provisions of the law (if any)
- Production project/Business plan must be feasible, effective, and consider with the provisions of the laws and regulations of VRB
- 100% of the outstanding balance or the guarantee must have secured property
- Do not have NPL during 12 consecutive months (before the consideration for granting credit limit) at VRB/or other credit institutions
- The business operation of the customer must be legal and stable
- Other conditions
Procedure
Required documents
Legal documents
- A verified copy of valid personal ID/passport of borrower & spouse (if married)
- A verified copy of marital certificate or bachelorhood certificate
- A verified copy of permanent/temporary residence book
- A verified copy of valid certififcate of business registration (or tax receipts, etc) (if available)
Loan documents
Fianancial documents:
- Business contract (if any: leasing contracts, purchase agreements, other commercial contracts, etc
- Business monitoring books with the following contents (if any): revenue, expenses, debt, payment, receivable accounts, payable accounts, etc
Loan documents:
- Proof of loan purpose
- Business & lending plan
Collateral documents: proof of legal ownership of customer’s or third party’s assets
Calculation
Monthly repayment plan
This tool is used for reference
| Month | Interest | Monthly repayment | Ending balance |
| 1 | 1,000,000 | 11,000,000 | 90,000,000 |
| 2 | 900,000 | 10,900,000 | 80,000,000 |
| 3 | 800,000 | 10,800,000 | 70,000,000 |
| 4 | 700,000 | 10,700,000 | 60,000,000 |
| 5 | 600,000 | 10,600,000 | 50,000,000 |
| 6 | 500,000 | 10,500,000 | 40,000,000 |
| 7 | 400,000 | 10,400,000 | 30,000,000 |
| 8 | 300,000 | 10,300,000 | 20,000,000 |
| 9 | 200,000 | 10,200,000 | 10,000,000 |
| 10 | 100,000 | 10,100,000 | 0 |
