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Overdraft loan

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Z7_514612K01HI1006HPHVM5K8283

Overdraft loan

Meeting demand

Timely support for customers to take out more money than the amount available in their current accounts

Lending method

Secured overdraft loans and unsecured overdraft loans

Automatic repayment

Automatic repayment of the overdraft balance as soon as funds are credited to the account without manual repayment procedures

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Product features

Customer

Securities companies

Currency

VND

Purpose

Supplementing temporary working capital need for the customer's business operations

Credit term

≤ 12 months, and the maximum maturity date of the overdraft loan is the same as the maturity date of the short-term credit loan provided by VIB to the customer

Loan agreement term

From the day after the customer draws down the loan to the maturity date of the overdraft loan

Principal repayment

Repaid from the customer's overdraft account

The customer may deposit or transfer funds into the overdraft account at any time and/or on the maturity date of the overdraft loan

Interest repayment

Monthly

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