OVERDRAFT ON DEMAND DEPOSIT ACCOUNT (WITH COLLATERALS)

Product Description:  is a loan product in form of overdraft limit on current account with collateral is real estate.

Target customers: Vietnamese individuals.

Conditions:

• Income for repayment of principal and interest.
• Collateral is house and residential land. 

Characteristics:

Overdraft period: Up to 12 months.

Loan currency: VND

Overdraft limit:

• Up to 15% of the outstanding balance (s) of other credits and/or credit line at the time of overdraft limit granting.        
• Up to 300 million VND and not exceeding 80% of security collateral value.     

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

Loan method: by overdraft limit.

 Debt collection method:

•  Principal collection: When there is a credit balance on  overdraft disbursement account or on overdraft limit expiry date.
•  Interest collection: 5th day of month

 Fees: See fee schedule.

 Utilities:

•  Flexible use.
• Simple procedure, quick approval.