0% installment loan at partners

Product Description

Is an installment loan program that Kienlongbank associates/cooperates with a goods/service provider through an installment agreement (called an affiliate) for Kienlongbank international credit cardholders when shopping at affiliates with 0% interest rate loan.

Types of cards applied

Benefits

Shopping at a variety of partners;
No conversion fee;
Attractive interest rate of 0% during installment period;
Flexible repayment period of 3, 6, 9 or 12 months depending on each affiliate;
Unlimited number of loans/customer.

Condition

Applicable to purchases of goods/services at merchants or online domestically and internationally with international credit cards issued by Kienlongbank that have been debited to card account of customers.
For details see the Terms and Conditions here .

( => update file Appendix 1: Terms and conditions)

Service charge

Installment conversion fee collected from the Cardholder:0 VND

Early settlement fee: free of charge

Installment rate: 100% or less as chosen by the Customer.

Installment term: 3, 6, 9, 12 months depending on the affiliate.

Installment interest rate (% / year / installment value): 0% during the installment term.

Minimum installment conversion value: Depends on each Affiliate.

Object - Profile

Target customers

Primary and subordinate cardholders.
Primary cardholder can register installments for all transactions of primary and subordinate cards while subordinate can register installments for subordinate card only.

Method

Step 1: The cardholder chooses goods and services qualified for installment at partner.
Step 2: The cardholder fills in "installment service registration form" at the affiliate or chooses installment payment method if buying online.
Step 3: The cardholder pays by Kienlongbank international credit card.
Step 4: Cardholder retains 01 copy of registration form/electronic transaction receipt after completing installment purchase procedure.