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Working Capital Financing

Announcements

Exchange Rates

WORKING CAPITAL FINANCING

Target group:

Small and Medium Enterprises (SME) and other Corporate entities

Eligibility

  • Engaged in the business line at least for the last 3 years
  • Having Audited Financial Statements

Purpose:

For meeting working capital needs in VND, USD or other foreign currency subject to SBV regulations.

Nature of facility:

Line of Credit by way of fund based working capital limit, Bank Guarantee/ letters of credit

Quantum of Limit:

Will be based on the working capital cycle of the business and actual requirement less margin to be contributed by the business unit.

Security:

Primary:

  • First charge on the unencumbered assets of the company/firm both current and fixed assets.
  • Margin on non-fund based limits

Collateral:

Suitable collateral in the form of charge on immoveable securities to be obtained

Insurance:

Assets charged to the bank to be comprehensively insured covering various risks

Interest:

Competitive interest rates based on internal rating of the Company.

Term:

1 year to be renewed on due date upon review of the account.

Prepayment:

Permissible.

Simplified application form/procedures for convenience of customers, and speedy approvals.

Required documents:

  • Application for Medium Term Loan and Repayment PlanClick Here
  • Application for Short Term LoanClick Here
  • Application form (as the Bank’s form).Click Here
  • Legal documents
  • Financial documents (Financial statement of three latest years, etc)
  • Security assets ownership certificate.

Please contact us for more information:

Tel:(0084 8)38 228 939 – 39 101 266

Fax:(0084 8) 39 246 341

Email: boihcmc@gmail.com
Boi.hcmvnm@bankofindia.co.in