Credit Program for Customers’ capex in Industrial Zones

Name: Ngân hàng thương mại cổ phần Phương Đông
Address: Tòa nhà 41 (tầng trệt, lửng, lầu 1, lầu 2) và tòa nhà 45 Lê Duẩn - Phường Bến Nghé - Quận 1 - TP Hồ Chí Minh, Hồ Chí Minh, HCM, 700000, VN
Telephone: +84 1800 6678
Price range: $$$

This is a suitable financial solution for domestic and foreign enterprises in the industrial zones to facilitate their business operation, especially in the period of investment in fixed assets, helping enterprises to be proactive in capital and secure in business development

Targeted customer

Financing for Vietnamese enterprises and foreign-invested enterprises wishing to lease/transfer land and invest in fixed assets in industrial zones, including those already operating and generating revenue or those that have/haven't yet operated and have not generated any revenue

Features of product

Loan purposes

Payment of rent/land transfer; buil in factories, buy machinery and equipment, and production lines of the enterprises in the industrial zones

Credit zoom

Up to 70% of investment plans

Credit duration

According to the payback period of the investment plan

Grace durtion for the original debt

Up to 24 months

Credit method

Each time (lending, issuing L/C, issuing guarantee)

Debt payment method

Pay original debt ≤ 6 months/each time, pay interest every month

Collateral

Land use rights; Construction; Property rights arising from land lease/land tranfer contracts that formed from loan capital.
Property rights arising from the land lease/infrastructure lease contract of the investor and the construction works on the established land.
Other collaterals that are eligible for mortgage according to OCB regulations and Vietnamese laws, except for Inventory and Debt Collection Rights.

Maximum credit extension to collateral value

Up to 90% (according to customer's credit rating)

Conditions for granting credit

Meet OCB's credit rating criteria
No group 2 debt in the last 12 months, bad debt in the last 24 months and VAMC sold debt, risk-resolved debt at OCB and credit institutions, overdue debt at OCB by the time of credit approval.
Minimum establishment period 12 months. Last year's equity > 0; profit after tax last year >0 and no accumulated losses.
Areas of production and business activities: Belongs to the business or ancillary field that the customer has registered to do business in the host country
The business investment plan is feasible, economically viable, and the sources of debt repayment can be balanced.
Accepting documents proving the ability to repay is Standby L/C or Payment Guarantee of the Parent Company (if any).
Customer is FDI: Open a direct investment capital account at OCB.

Registration procedure

Please kindly fill in the form with your information, we will contact you in soonest time.

Categories

Short-term Credit

Overdraft For Corporate Enterrpises

SME Express Loan

Overdraft foe large corporate

Credit Limit Secured By 100% Deposit

Financing For Additional Working Capital Requirement

Medium or Long-term Credit