Product Description: is a loan product allowing customers to withdraw more than credit balance on current account at a certain maximum limit.

Target customers: Vietnamese individuals.

Conditions:

• Stable income for principal and interest repayment.
• Secured collateral is valuable papers issued by Kienlongbank.

Characteristics:

• Overdraft period: Not exceeding the remaining validity of valuable papers and not exceeding 12 months.
• Currency: VND.
• Interest rate: by Kienlongbank's regulations from time to time.
• Overdraft limit: Maximum 90% of value/par value of valuable papers.
• Lending method: loans under overdraft limit on current account.
• Debt collection method: At the end of each day, Kienlongbank debits the account to collect principal.
• Fee: See fee schedule.

Utilities:

• Simple procedure, quick assessment and disbursement.
• Customers can pay in excess of credit balance on current account