Product Description: is lending for car importers as financing for opening L/C and guarantee, for payment of special consumption and import taxes.

Target customers: Corporate customers.

Conditions:

• Corporate’s business operation of imported cars/domestic cars or experience of the owner/General Director (Director)/Chairman in automotive business at least 01 year.
• Positive business result for the latest year and no accumulated loss up to the latest quarter.

Characteristics:

• Loan term: Maximum 12 months.
• Loan currency: VND, foreign currency.
• Loan amount: by agreement between Kienlongbank and customers.
• Interest rate: by Kienlongbank's regulations from time to time.
• Loan method: Credit limit or by disbursements.
• Debt repayment method: interest paid monthly, principal paid at term end or before maturity.
• Fees: See fee schedule.

Utilities:

• High lending rate/valuable papers (up to 95%).
• Simple procedure, quick processing.