EXPORT BILL DISCOUNTING

Product Description: is export bill discounting with recourse for export documents to meet working capital needs for export businesses.  

Target customers: Corporate customers.

Conditions:

• Lawful ability of production, processing, trading of export goods.
• Having industry standard certificate by laws (for required industries).

Characteristic:

• Discount term: Up to 60 days. 
• Loan currency: VND, foreign currency.
• Loan limit: up to 100% receivable value.
• Interest rate: by Kienlongbank's regulations from time to time.
• Debt collection method: Principal and interest collected at term end.
• Service fees: See fee schedule. 

Utilities:

• High lending rate/value of foreign contract.
• Simple procedure, fast processing time.
• Customers can also use other products: Guarantee, discounting, factoring, international payment, foreign currency purchase and sale