Secured Overdrafts

The Product is a flexible loan for your demand of spending in excess of your current account balance at BAOVIET Bank. You will only pay interest for the actual amount and days of loan. 

  • You can draw your loan anytime and anywhere, with unlimited times of withdrawal;
  • Forms are diverse: cash withdrawal, transfer, Internet-Banking, ATM card, or use at places accepting Card payment;
  • Procedures are simple.
  • Overdrafts may be as high as 500 million VND
  • Maximum limit of overdraft: 12 months.
  • Object: Individual Customers in need of overdraft for spending.
  • Currency: VND
  • Repayment method:
    • When your money is transferred to your account, the overdrawn amount will be automatically collected;
    • Interest will be calculated for actual days of your overdraft
    • Interest will be paid at the end of month, principal will be paid at maturity
  • Conditions for a Loan:
    • You are at the age of between18 and 65;
    • You have your permanent residence book, or are in form of KT3 in the local area of BAOVIET BANK;
    • You have legal properties accepted by BAOVIET BANK as collaterals.
  •  Collaterals: Any properties registered as collaterals must be owned by you (including: Real estate, valuable papers).
  • Request for overdraft in required form
  • Permanent residence book or long-term temporary residence certificate, ID Card or Passport.
  • Documents proving your income;
  • Evidence documents of the mortgage.  

To find out more information, please call BAOVIET Bank Customer Sevices Center. Tel: 1900 55 88 48 or (04) 39 38 19 19