MSB approves an amount of funds for maximum 12 months. Customer can flexibly draw down from it multiple times. Customer and MSB shall agree on each drawdown amount, interest rate, repayment schedule in the form of Certificate of Indebtedness (borrower can flexibly draw down within approved limit in 12 months).
Limit business loan suits constant needs of working capital.
For example: MSB approves a limit business loan for Nguyen Van A – owner of an ABC garment company as follows:
Loan amount: VND 500 million
Loan tenor: 12 months
Loan purpose: increase in regular business funding
Nguyen Van A submits payment documents for inventory purchase to MSB for disbursements as follows:
1st time: VND 200 million, 3-month tenor (disbursement date 7 March 2022 – maturity date on 7 June 2022)
2nd time: VND 200 million, 6-month tenor (disbursement date on 10 March 2022 – maturity date on 10 September 2022)
3rd time: VND 300 million, 3-month tenor (disbursement date on 7 June 2022 – maturity date on 7 September 2022)
4th time: VND 600 million, 3-month tenor (disbursement date on 10 September 2022 – maturity date on 10 December 2022)