A credit facility designed for individual customers and business households seeking financing to support their business operations.
Features
A business loan designed for individual customers and household businesses to meet their business financing needs, including:
Working capital financing.
Business expansion.
Investment in fixed assets.
Eligibility
Vietnamese citizens aged 18 or above, or from 15 to under 18 years of age who have full legal capacity and are not deprived of or restricted in their civil act capacity.
Loan proceeds must be used for lawful purposes.
A feasible financing plan.
Stable and lawful income sufficient to repay the loan.
Required Documents
Loan application/financing plan (Co-opBank’s prescribed form).
Identity Card/Citizen Identity Card and proof of residence.
Documents evidencing financial capacity or income generated from business activities.
Documents evidencing the purpose of the loan.
Documents relating to the collateral.
Other documents as required by Co-opBank.
Competitive and preferential interest rates provided from time to time.
Flexible lending methods tailored to customer needs.
Flexible loan tenures aligned with the purpose of financing.
Flexible principal repayment structured around the business cycle.
Simple formalities with rapid application processing time.
