LOAN FOR DEVELOPING AGRICUTURAL ECONOMY

“Loans for developing agricultural economy” is a credit product designed for customers to get loans to implement economic development project/plan in rural areas.  

 

Target customers and Conditions:
  • Vietnamese individuals, households, cooperatives
  • Non-state owned enterprises
  • Having a purpose of loan utilization for projects in rural areas (not in areas of Hanoi, Hai Phong, Da Nang, HCMC)
  • There are secured assets, mortgaged assets to be used as collaterals of the borrowers or the guarantor.
Product features:
  • Type of currencies: VND
  • Loan term: min 12 months – max 60 months
  • Loan amount: depend on customer’s demand for loan and solvency. Max 85% of the project cost.
  • Interest rate
  • Repayment method: monthly interest payment and the principal shall be paid at term-end (short-term loan) or monthly, quarterly interest + principal payment
Procedures:
  • Loan application form: according to ACB’s form
  • Legal documents: ID card/passport, house registration book/temporary resident permit, marriage certificate/certificate of single status of the borrower and the guarantor (if any).
  • Documents to certify the purpose of loan utilization and the solvency
  • Ownership certificate of collateral

Contact:

For further information and instruction, please contact us at any ACB’s branch/sub-branch or CallCenter247 at +848-38247 247 or 1800 577 775 (toll free).

 
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Asia Commercial Bank: 442 Nguyen Thi Minh Khai, Dist.3, HCMC - Tel: (848) 3929 0999 - Fax: (848) 3834 3269 - Website: www.acb.com.vn