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“Loans against valuable papers” is a product of Agribank credit for individual customers who legally own the pledged assets, having the needs for loans serving their lives.

Main features

-         Papersthat can be pledged: must be papers that are legally issued and transferable,including saving books, bill of exchange issued by commercial banks, treasurybills, treasury bonds, public debt; shares, bonds, fund certificates issued byenterprises.

-         Currency:VND

-         Term:not exceeding the remaining term of the valuable papers. With listed stocks,bonds and fund certificates: not exceeding 06 months.

-         Loanamount: up to 80% of the total costs in the contract

-         Interestrate: fixed, floating; overdue interest rate is 150% of due interest rate

-         Maximumloan amount shall not exceed the original price plus interest minus interestpaid during loan period; up to 50% of the market price at the time of lendingas for listed securities; up to 50% of the IPO shares by State-owned companies,joint-stocks companies issuing shares to increase capital and does not exceed75% of the value of pledged assets; being the difference between the average bidprice and preferential price for employees to buy preferred shares by the state-ownedissuing company.

-         Interestrate: fixed, floating;

-         Loansecurity: by valuable papers, the rate prescribed by the Governor of the StateBank in each period.

-         Repaymentof principal and interest: once and receive valuable papers back.

-         Duringthe loan period, if the price of collateral stock reduced to 60% of the priceat the time of collateral, then customers must provide additional assets orguarantee within 2 working days or Agribank shall collect the loan before thedue date (specified in the contract).

Delivery channels

-         Agribankbranches/transaction offices or E-banking.

Technology applied

-         Agribankuses automated system (IPCAS) to track customer information, accounts, amountsof interest payment, etc. with the highest security and accuracy.