Degressive Loan
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DEGRESSIVE LOAN |
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| Reimbursement durations |
3, 6, 10, 12, 24 months |
24 months SME degressive loan (available at the end of November 2011) |
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- Loan size (1st cycle) |
from 300.000 VND up to 5 million VND |
from 8 million VND up to 30 millions VND |
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- Loan size (2nd cycle) |
from 300.000 VND up to 8 millions VND |
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- Loan size (3rd cycle) |
from 300.000 VND up to 10 millions D |
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| Reimbursement amounts |
monthly fixed repayment amount = principle + interest + saving |
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| Interest rate |
1,5% per month (degressive interests) equivalent 0.83 % (flat interest rate) |
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| Fixed monthly saving |
around 10.000 VND |
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| Guarantor |
Yes |
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| Collateral |
not needed |
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| Purposes |
Help our client to develop economical activities (husbandry, agriculture, small business…) |
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