Introduction
a. Scope of Application: This product is applicable throughout the Company’s entire system.
b. Issuers: Customers are organizations with legal personality, but excluding credit institutions.
c. Interest Rate:
|
Term (months) |
Method of interest | ||||
|
End of term (%/year) |
Monthly (%/year) |
Quarterly (%/year) |
6 months (%/year) |
Annually (%/year) |
|
| No term | 0.50% | ||||
| 1 | 4.75% | ||||
| 2 | 4.75% | 4.65% | |||
| 3 | 4.75% | 4.65% | |||
| 4 | 4.75% | 4.65% | |||
| 5 | 4.75% | 4.65% | |||
| 6 | 8.10% | 7.81% | 7,86% | ||
| 7 | 8.10% | 7.81% | |||
| 8 | 8.10% | 7.81% | |||
| 9 | 8.20% | 7,91% | 7.96% | ||
| 10 | 8.20% | 7,91% | |||
| 11 | 8.20% | 7,91% | |||
| 12 | 8.50% | 8.19% | 8.24% | 8.33% | |
| 13 | 8.50% | 8.19% | |||
| 15 | 8.80% | 8.46% | 8.52% | ||
| 18 | 8.80% | 8.46% | 8.52% | 8.61% | |
| 24 | 8.80% | 8.46% | 8.52% | 8.61% | 8.80% |
| 36 | 8.80% | 8.46% | 8.52% | 8.61% | 8.80% |
d. Principal and Interest Payment Method:
- Principal and interest payment method: Principal is paid in one lump sum upon maturity; Interest is paid at the end of the term, periodically monthly, quarterly, or every six months according to the table above.
- Payment method: Bank transfer as requested by the customer.
- Base of interest calculation: One year has 365 days.
- If the deposit contract maturity date falls on a holiday, weekend, or Tet (Lunar New Year), the system will automatically move the maturity date to the first working day.
e. Sample Term Deposit Contract, according to Vietcredit’s contract template.
f. For details on term deposits, please contact:
- Capital Resources Center – Vietcredit General Finance Joint Stock Company
- Head Office: 9th Floor, V.E.T Building, 98 Hoang Quoc Viet Street, Nghia Do Ward, Hanoi.
- Email: nguonvon@vietcredit.com.vn