Syndicated Loans
General

Corporate customers with demands for capital for their business activities larger than VPBank loan limit are able to apply for Syndicated Loans

Product description
  • VPBank collaborates with one or more credit institutions to jointly extend loans to a customer, with VPBank or another credit institution acting as the arranger
  • Currency: VND or foreign currencies
  • Fees and interest rates: under the agreement among co-financing banks
  • Lending method: subject to investment projects
  • Loan term: medium or long term
  • Repayment plan: interest and principal are periodically repaid according to the agreement between the lender and borrower.
  • Collateral: real estate, personal property generated from the loan or other assets.
  • Principles of syndicated loans:
  • The co-financiers will select a bank as the focal point.
  • The co-financiers will jointly conduct appraisal of the project.
  • The co-financiers will agree on the loan limit and conditions through the focal bank.
Benefit
  • The syndicated loans granted by several banks are much larger than loans by a single bank
  • The arranger will underwrite the loan and make arrangements among co-financing banks for drawdown
  • VPBank's procedures for syndicated loans are simple, convenient, and efficient
Conditions and application process
  • Loan application form
  • Documents related to project/business plan
  • Financial reports of the last 2 years.
  • Collateral documents
  • Other documents in compliance with regulations of VPBank and co-financing institutions.
Contact
  • Northern Customer Service: 04 39385111
  • Southern Customer Service: 08 38216473
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