OVERSEAS WORKING LOAN

Product Description: is a lending product to support costs for the borrower’s relatives to work abroad under labor contracts.

Target customers: Vietnamese individuals.

Conditions:

For customers:

• Stable incomes for repayment of principal and interest.
• Documents proving that worker is approved to work abroad.   

For Businesses:

• Having a license to operate overseas employment services.     
• Having reputation, efficient operations and profits.        
• Commitment to complete and accurate information, records on workers.   
• Commitment to Deposit amount/Deposit Contract and use such deposit amount to secure the workers’ debt repayment obligation with Kienlongbank. 
• Cooperation contract with Kienlongbank.        

Characteristic:

Loan term: Maximum 36 months .

Loan currency: VND.

Loan amount: up to 150 million.

Interest rate: by Kienlongbank's regulations from time to time.

Loan method: By disbursements.

Debt collection method:  monthly as estimated.

• The principal is divided equally and paid monthly on total loan term.        
• The monthly interest is calculated on the actual outstanding balance.     

Fees : See fee schedule.

Utilities:

• Get maximum support depending on needs and ability to repay.
• Attractive and competitive interest rates.
• Simple, fast procedures.
• Applicable to customers with or without collateral.