SECURITY INVESTMENT LOAN

Product Description:  is a loan, discount of valuable papers for securities investment and trading.

Target customers: Individual customers.

Conditions:

• Commitment to supplement collateral, to pay debts before maturity when securities market price as collateral is reduced by up to 15% compared to reference price decided by Kienlongbank.
• For advance of sold securities: Commitment and authorization for Kienlongbank to deduct customer's trading account the receivables to repay loan and interest for Kienlongbank.

Characteristics:

Loan term: Maximum 12 months.

Loan currency: VND.

Loan amount: as agreed between Kienlongbank and customers.

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

Method of lending: Single loan and loan limit.

Debt repayment method: 

• Repayment based on financial capability, incomes and source of loan repayment of customer.
• For advance of sold securities: principal and interest are paid one time at maturity.

Fees: See fee schedule.

Utilities:

• Quick loan procedure helps customers to have in time financial resources.