Overdraft - Optimal financial solution - MSB

In order to facilitate the payment of the financial institutions, MSB approves the financial institutions to spend in excess of the Credit balance on the bank's current deposit account in VND at MSB. The financial institution will pay interest and other expenses (if any) on the overdraft amount and repay the overdraft principal within a certain period.

• Term of overdraft limit: Up to 12 months.
• Overdraft limit is granted in 2 forms:
  • Limit with collateral (which is the balance of demand deposit/time deposit at MSB) with a credit limit granting rate up to 98% of the collateral value.
  • Limit without collateral.
• Create initiative for financial institutions in daily payment transactions.
• Optimized resource usage.
• Used in combination with centralized account management services to optimize limit and cash flow management of Insurance companies.

Customer Management Department Non-Banking Financial Institutions - Customer and Partnership Management Center

• Email: Nonbankfi@msb.com.vn; FI.CK@msb.com.vn
• Phone: (84-24) 3771 8989/ Ext 6836/6801