For loans under credit limits: The maximum validity period of the credit limit shall not exceed 12 months, the term of each loan for each disbursement according to the Debt Receipt may be shorter than 12 months. However, the maximum term of each Debt Receipt shall not exceed 12 months.
Interest rate: Applied according to the interest rate schedule issued by ABBANK from time to time.
Payment method:
- Interest payment period: monthly.
- Final payment
Difficulties encountered when expanding KHCN lending according to this product: ABBANK's SGD has not had a form of lending to small traders at the market using the market stalls as collateral. Therefore, ABBANK's SGD has lost the opportunity to approach a large and potential force at the markets in Ho Chi Minh City.
2.2.2.5 Secured consumer loans ( YOUspend )
Loan objects : Individuals and households living and residing in Vietnam.
Loan purpose: General consumption such as financing for household items, home repairs, weddings... and other consumption purposes.
Loan conditions: Have permanent/temporary residence registration in the locality where ABBANK has a branch/transaction office. Have full legal capacity and civil capacity. Be over 18 years old and the loan term does not exceed 60 years old (male), 55 years old (female); Have not incurred debts from group 3 onwards at credit institutions; The maximum monthly debt repayment amount is 70% of total verifiable income.
Loan term: Maximum not more than 60 months and not less than 12 months.
Loan amount: Maximum not exceeding 200 million.
Repayment method: Monthly interest payment ; Monthly principal payment
Applicable currency: Loan and debt collection currency is Vietnamese Dong (VND)
Loan method : Loan by installment
Collateral: Assets legally and validly owned by the borrower and/or a third party: real estate, personal property, savings books, valuable papers issued by ABBANK, securities approved by ABBANK.
Difficulties encountered when expanding KHCN lending according to this product: currently the maximum loan amount is only 200 million VND, this number still does not meet the needs of many individual customers. Meanwhile, at Ho Chi Minh City Housing Development Bank and Techcombank, the maximum loan amounts are 500 million VND and 1 billion VND respectively.
2.2.2.6 Unsecured consumer loans ( YOUmoney )
Subject : Vietnamese individuals. Employees working at organizations operating in Vietnam, or; Owners of part or all of the capital of an enterprise operating in Vietnam and at the same time managing/operating the enterprise's activities.
Restricted subjects : Individuals whose main source of income depends on sales, working for units such as: insurance business, cosmetic product distribution agents, ... or online business units; Individuals with titles such as janitor, security guard, driver, receptionist, ... with unstable income.
Loan purpose: consumption.
Loan conditions : Working time: Official working time is continuous and stable from 01 year or more. In case of job transfer, the new official working time is at least 06 months or more and has a Labor Contract of over 01 year at the workplace that just terminated the previous contract.
The customer must have a stable source of income and ensure the ability to repay the debt. The customer's work unit in which the customer owns shares:
For customers who own part or all of the enterprise's capital and manage/operate the enterprise's activities, the enterprise must satisfy the following conditions:
- Foreign companies and joint ventures established for 2 years or more and with a minimum capital of 10 billion VND. The most recent tax report has a minimum revenue of 1 billion VND;
- Representative office of the United Nations, government organization in Vietnam.
- Companies listed on the stock exchange, EVN.
- The company is on the VNR500 list and must be granted credit by ABBANK.
- Companies that are having deposit and loan transactions with ABBANK and must have a commitment to guarantee debt repayment from the Company.
Customers must have a permanent residence in the area where ABBANK considers the loan; Customers must be between 22 years old and 60 years old at the end of the loan for men and 55 years old for women; Customers must commit to transferring income to their account at ABBANK; Contact phone number of work and residence (private home) - landline; Customers must agree to participate in the personal credit balance insurance program under the cooperation program between ABBANK and the insurance company. Customers must not have debt from group 2 or higher.
Loan amount : Maximum 10 months salary, not exceeding 200 million VND. Monthly loan amount does not exceed 70% of customer's total monthly income.
Minimum income: Minimum income 10,000,000 VND/month.
Loan interest rate - fee : According to ABBANK's policy from time to time. Loan term: Minimum 12 months; maximum 36 months; no grace period. Applicable currency: Loan and debt collection currency is Vietnamese Dong (VND). Repayment method
- Method 1: Principal paid in equal installments; interest paid is calculated on the actual outstanding balance.
- Method 2: Pay an equal amount every month (including principal + interest) with interest calculated on the actual outstanding balance.
Difficulties encountered when expanding science and technology lending according to this product:
Due to the nature of this form of lending, it contains many risks, in fact at SGD
ABBANK has incurred many overdue unsecured loans. Therefore, currently, ABBANK's Securities Trading Center limits the development of this product.
2.2.2.7 Study abroad loans ( YOUstudy )
Loan objects : This product applies to customers who are Vietnamese individuals and have a family relationship with international students.
Loan conditions: Customers are Vietnamese individuals, have full legal capacity and civil capacity, have a family relationship with international students, have a need for relatives to study abroad; Have a household registration/KT3 in the same area as the lending unit of ABBANK. Borrowers must be over 18 years old and in the case of actual loans, the loan term must not exceed 60 years old for men and 55 years old for women; Have a stable income, ensuring the ability to repay the Bank during the loan period; Borrowers must not have debts from Group 3 or higher at any credit institution.
Loan purpose: Loan to open a savings account or pay tuition and/or living expenses for international students.
Loan term : The loan term is determined to be consistent with the student's overseas training period, the borrower's ability to repay the loan and the Bank's loan capital, but not exceeding:
- 12 months for loans to open savings books to prove financial ability to study abroad.
- 60 months for cases of loans with financial proof of study abroad.
- 120 months for actual loan cases.
Loan amount : Determined based on the following criteria:
Expenses during the study period of international students, including: tuition and/or living expenses; Debt repayment ability and creditworthiness of the borrower;
Loan amount: up to 100% of tuition and/or living expenses for student loan or 90% of tuition and/or living expenses for actual loan; but not exceeding the following limits:
Form
Type of TSDB | Price control level TSDB value | |
Financial proof service for studying abroad | Account balance/account number/valuable papers issued by ABBANK or other listed banks Item approved by ABBANK | According to the regulations on loan levels of regulations on mortgage loans of ABBANK deposit products from time to time. |
Movables | ≤ 70% | |
Real Estate | ≤ 95% | |
Real loan | In case of actual loan payment of tuition/other expenses, maximum financing ratio on collateral will follow current regulations of ABBANK | |
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Collateral : Cash/account balance/valuable papers, real estate, and property legally and validly owned by the borrower and/or a third party (parents, siblings, children) and/or the spouse's personal property.
In case of collateral : For collateral being real estate or personal property located in the same area where ABBANK lends, the maximum loan amount is 100% of the customer's needs but not exceeding:
- 70% of the value of collateral is real estate
- 95% of the value of collateral is real estate.
For collaterals that are real estate or personal property located outside the same area where ABBANK lends, the maximum loan amount is 100% of the customer's needs but not exceeding:
- 60% of the value of the collateral is real estate
- 80% of the value of collateral is real estate.
In case there is no collateral ( applicable to financial proof service/Opening savings book and confirming savings book balance): ABBANK accepts to lend customers savings books for interviews, customers must meet the following conditions:
Applicable to customers who belong to/are introduced by study abroad companies affiliated with ABBANK.
Required deposit from 5% - 10% of the approved financial proof amount.
In case the Customer does not satisfy the above conditions, ABBANK will only issue a savings book balance confirmation paper and will not accept lending the savings book to the Customer for an interview.
Loan interest rates and fees : According to regulations on interest rates and fee schedules issued by ABBANK from time to time.
Loan and debt collection currency : Vietnamese Dong. The currency in the Loan Agreement/Credit Contract granted to international students is allowed to clearly state the foreign currency according to the student's loan request if necessary, equivalent to the Vietnamese Dong currency clearly stated in the contract.
Lending method : lending by installment method.
Payment method:
Loan form
Interest | Capital | |
Open a savings account | Monthly | End of period |
Credit limit contract | Monthly | According to each Promissory Note |
Real loan | Monthly | Monthly/Quarterly |
Difficulties encountered when expanding KHCN loans according to this product: SGD ABBANK has not yet linked up with many study abroad consulting companies, which are the main source of customers. On the other hand, the ABBANK brand is not large and cannot compete with Asia Commercial Bank - the unit that currently holds the majority of market share in the field of study abroad loans .
2.2.2.8 Loans for officers and employees in the An Binh Joint Stock Commercial Bank system (YOUstaff)
Applicable subjects : Employees at all levels currently working and having signed an official contract with the employer in the ABBANK system. Relatives (father, mother; siblings; biological children or spouse) of employees in the ABBANK system mentioned above.
Employees of the ABBANK system who have borrowers must commit to co-pay the loan. Interest and/or principal are deducted monthly from the salary account of employees of the ABBANK system.
Do not lend to the following subjects: Members of the Board of Directors, Board of Supervisors, General Director (Director), Deputy General Director (Deputy Director) of the credit institution, Loan appraisers, Parents, spouses, children of members of the Board of Directors, Board of Supervisors, General Director (Director), Deputy General Director (Deputy Director).
Loan method : one time.
Loan type : mortgage or unsecured.
Conditions for loan consideration : Minimum continuous working time at ABBANK units, calculated from the date of signing the official labor contract to the time of loan: 6 months for mortgage type; 12 months for unsecured type.
Loan and debt collection currency: Vietnamese Dong.
Payment method:
- Monthly installments: principal paid in equal installments, interest paid according to decreasing balance; Principal paid increases gradually every quarter of the loan term, interest paid according to decreasing balance method.
- Pay interest monthly during the approved principal repayment grace period, after the grace period, pay monthly installments according to the above repayment method. The maximum principal repayment grace period is not more than 36 months.
Loan purpose: Only finance for general consumption purposes such as: buying a house/land, building/repairing a house, buying a car, buying a motorbike, buying household appliances, tuition fees, weddings, medical examinations, etc.
Loan term:
Loan Type – Loan Purpose
Maximum loan term | |
Credit | 60 months |
With mortgage | |
- Home/land loan (real estate mortgage) | 360 months |
- Loan for home repair and upgrade (real estate mortgage) | 180 months |
- Car loan (new/used) with real estate mortgage | 120 months |
- Loan to buy new car 100% mortgage the car purchased | 84 months |
- Car loan with used car mortgage | 48 months |
- Consumer loans with collateral other than the above criteria | 60 months |
Loan amount:
Loan type
Maximum preferential loan amount for one borrower | |
Credit | Not more than 12 times the net salary of the month of salary receipt closest to the time of loan consideration, not exceeding 200 million VND |
Mortgage | Not more than 120 times the net salary of the most recent salary month at the time of loan consideration, not more than 85% of the total loan demand and not more than 85% of the value of collateral according to the ABBANK's valuation |
Maximum repayment amount : not exceeding 85% of monthly net salary.
Loan interest rate: 6-month savings interest rate with interest paid at the end of the term issued by ABBANK from time to time (%/year) + Margin.
Collateral : The collateral for the loan is real estate or personal property owned by the borrower or the borrower's relatives, approved by ABBANK as collateral.
Loan Collection : Loan interest/and principal are automatically deducted monthly from the borrower's salary account at the exact time of salary receipt.
2.2.2.9 Lending against capital mobilization products
Loan objects : private enterprises, Vietnamese individuals living and working in Vietnam.
Loan and debt collection currency : Vietnamese Dong (VND), gold (XAU)
Note : If the customer borrows in a certain currency, the debt will be collected in that currency/gold. In case of lending in Gold (XAU), the debt should be paid in VND, QLTD will convert according to the gold selling rate and vice versa.
Collateral : is a capital mobilization product. The collateral capital mobilization product must be owned by the Customer himself or by the following relatives: father, mother; siblings; spouse.
Interest rate : according to ABBANK's interest rate policy from time to time.
Loan term : not exceeding the remaining term of the capital mobilization product and a maximum of 12 months.