Customers may use valuable papers, savings books, deposit balances, real estate, or transport vehicles as collateral for the loan.
Yes. Customers may repay part or all of the loan principal before maturity depending on their financial situation. The early repayment fee is calculated based on the prepaid principal amount; however, most MSB interest rate packages waive early repayment fees from the fifth year onward.
If the customer fails to pay or only partially pays the principal or interest by the due date specified in the credit agreement: Overdue principal: The customer must pay overdue interest equal to 150% of the applicable interest rate at the time the loan becomes overdue, calculated on the overdue principal for the delayed period. […]
Yes. Fire insurance for houses/apartments and insurance for transport vehicles not only secure the loan for the Bank but also protect the customer’s own interests.
The maximum loan limit depends on the method of revenue recognition: 100% revenue through bank accounts: up to VND 20 billion. Revenue through bank accounts and sales records: up to VND 15 billion. Revenue recorded through sales records: up to VND 5 billion.
The maximum loan tenor is up to 36 months. MSB will review the approved credit limit every 12 months to ensure it remains aligned with the customer’s business performance.
MSB offers flexible lending structures, including short-term single-disbursement loans, credit limit facilities, and medium- to long-term loans, tailored to each customer’s business needs.
The product is designed for individuals engaged in business activities, including self-employed individuals, household business representatives, or private enterprise owners.
Purchase/acquisition of real estate. Refinancing funds used for the purchase/acquisition of real estate.
MSB applies flexible income verification mechanisms, including income from previous real estate sales/transfer transactions, based on the customer’s experience and transaction history in the real estate market. MSB may also consider end-of-term principal repayment sources from property sales, helping investors optimize their financing plans and enhance access to capital.