To borrow money from Agribank, what conditions must you meet, what is the loan interest rate? CashBerry will answer your questions and tell you how to get money fast.
You want to borrow money from Agribank but do not know the terms, interest rates, how to borrow money? Then refer to the article below of CashBerry! We will answer all your questions and reveal to you how to get money quickly within a day .
AgriBank is the abbreviation of Bank for Agriculture and Rural Development of Vietnam. was established under Decree No. 53-HDBT dated March 26, 1988 of the Council of Ministers (now the Government). Experiencing each development period with names associated with different missions, throughout 33 years of construction and development, Agribank has always affirmed its position and role as one of the leading commercial banks in Vietnam.
Agribank always maintains the leading position of commercial banks in the Ranking of 500 largest enterprises in Vietnam in 2018 in terms of human resources, revenue, profit, asset size and corporate media reputation.
With a firm affirmation, Agribank is committed to making continuous efforts to maintain its position as the leading commercial bank in Vietnam, developing a variety of technology platforms, modern governance models, high financial capacity and experience. safe and effective business and provide many convenient services to satisfy the most customers.
Loan packages of Agribank
Agribank is one of the most prestigious and famous banks in Vietnam market, owned by the State. In order to meet the capital needs of customers, AgriBank provides a variety of loan products and services such as:
Consumer credit loans
- Meeting loan purposes: Consumer loans (buying household appliances, equipment, study expenses, medical examination and treatment,...).
- Loan object: Individual customers.
- Loan limit: Up to 30 million VND.
- Loan period: Up to 12 months.
- Interest rate: According to each period's regulations of Agribank.
- Loan method: Loan in installments/loan according to the limit/loan overdraft.
Preferential loan with interest rate
- Borrowers: Personal customers, production and business loans in the area of 64 poor districts (refer to the list of poor districts and districts that have escaped poverty in the period of 2018 - 2020 approved by the Prime Minister).
- Interest rate support:
- Customers who borrow capital to develop agricultural production, invest in processing, preservation and sale of agricultural products are supported by the State budget with 50% of the loan interest rate.
- Customers borrowing capital to invest in production, processing and business in the 64 poor districts are supported by the State budget with 50% of the loan interest rate.
- Interest rate: According to regulations of Agribank from time to time.
Agribank considers lending without collateral (depending on specific customers).
Loans in the form of overdraft accounts
Customers are allowed to use more than the amount available on the demand deposit account.
- Purpose of using capital: Serving the needs of production and business activities, non-cash life consumption of customers.
- Maximum overdraft limit is up to 100 million VND.
- Maximum overdraft period is 12 months.
- Interest rate: According to regulations of Agribank from time to time.
Loans for living needs
Customers are allowed to use more than the amount available on the demand deposit account to serve the needs of production and business activities, consumption purposes, personal activities,...
- Loan term: Short-term/medium-term/long-term.
- Loan limit: Up to 100% of capital need.
Agribank considers lending without collateral (depending on the financial ability of each specific customer).
What is the interest rate of Agribank loan?
the Agribank loan interest rate is a common question of many people. As a 100% State-owned bank, Agribank has always been a pioneer in strictly responsible implementation of loans and interest rate reductions. Below are the interest rates of products when borrowing from Agribank.
- Loan to buy consumer goods and household appliances: 13%
- Loans for workers to work abroad: 13%
- Borrowing in the form of overdraft account: 17%
- Borrowing for new construction, repair, renovation, upgrading and purchase of houses for residents: 7%
- Installment loan: 7%
- Loan according to the credit limit: 6%
- Mortgage of valuable papers: 7%
- Loan to buy means of transport: 11.5 - 12%
- Borrowing according to the credit limit for small-scale production and business households: 6%
- Seasonal loans for farmers: 6%
- Short-term loans for production, business and services: 6%
- Borrowing for fixed capital investment in production and business projects: 6%
- Loan to support study abroad: 11%
* Note: Depending on the borrower, customer profile and Agribank's policy from time to time, there is a certain interest rate. You should contact the bank directly for further assistance!
Conditions for Agribank loan
In order to get a loan from Agribank, customers must meet certain criteria in accordance with the provisions of the Law as well as the regulations of Agribank. On the principle of ensuring the interests of both the customer and the bank, the loan conditions at Agribank in 2022 are quite simple, including the following requirements:
- Customers in the working age according to the regulations of the State, from 20 to 60 years old.
- Have stable health.
- Working at the company or organization for 6 months or more.
- Have a stable income, at least 5 million/month.
- Having the purpose of using capital to serve consumption needs in accordance with the law.
- The loan period will not exceed the duration of the employment contract.
- Have permanent residence at the place where Agribank's branch is located.
- If you have an unsecured loan, you need a salary statement from the bank or other documents that can prove your monthly income.
- If you have a mortgage , you need to have valuable assets to secure your loan and have documents proving that you are the owner of that property.
- No bad debt at any credit institution.
Is it easy to get a loan from Agribank ?
It can be said that Agribank offers many great incentives for customers such as:
- High loan limit.
- Quick loan process, no collateral required.
- Diverse loan products suitable for many different loan needs, especially focusing on farmers, living in rural areas.
Agribank has contributed to bringing many benefits to the people, positively impacting the whole society, contributing to national economic growth. Specifically:
- Lending helps people have more opportunities to access safe financial resources, protected by law.
- Contributing to reducing demand with informal services, limiting usury , black credit .
- Provide more information on credit and finance, increase people's understanding of banking services.
Therefore, if you have the conditions, you should choose Agribank to borrow money for business and spending. However, like other banks, to be able to get a loan from Agribank, you will have to prove your income clearly, and at the same time be in the object of being loaned by Agribank.
From the time of submitting the application, until the stage of waiting for appraisal, disbursement will take a few days or even more, so when you need money urgently during the day, this is not a smart choice.
So, in case you need immediate consumption money , is there a way to get a quick loan?
CashBerry - A financial company that lends money online 24/7
Borrowing money online is a form of online loan with a limit of 1 - 10 million VND without appraisal, no need to meet. Customers fill in registration information at the cashberry.vn application or website, the application only needs ID card or CCCD.
Why should you borrow money through Cashberry?
Here are the reasons why you should choose CashBerry to borrow money.
- Fast online loan 1 - 10 million in 24H.
- Flexible term 7 - 30 days (according to customer needs).
- Interest rate 10.95 - 14.6%/year is the lowest in the market today.
- No mortgage.
- No proof of income.
- Borrow 100% online without meeting.
- The loan contract is transparent and specific, customers are informed of loan information before borrowing.
- Support for bank bad debt.
- Loan extension when it is difficult to repay.
- There are many preferential programs from time to time such as early payment will be reduced interest, loyal customers will be increased loan limit, ...
Steps to help you get the loan you want
CashBerry is always proud to be the unit that provides customers with online loan services with simple application procedures and fast disbursement time. To complete the loan process with CashBerry, customers only need to go through the following basic steps:
- Step 1: Download the CashBerry app or visit the cashberry.vn website on your smart mobile device and complete the profile with the necessary personal information.
- Step 2: After registration is complete, wait for loan approval for about 15 minutes. The appraiser will contact you to confirm the information and inform the loan approval amount.
- Step 3: If the application is approved, you will be disbursed to your bank account immediately.
Besides simple procedures, 100% online support, CashBerry also has a customer care team to help you 24/7. If you have any questions about the loan application process, you can contact hotline 1900 63 83 85 or send a message to Fanpage CashBerry - Everyone's financial friend for answers.
The information in the name also helped you answer whether it is easy to get a loan from Agribank ? If you want to get money quickly outside the bank, you also have many other options, such as CashBerry online loans. Modern and fast, CashBerry will give you the loan you want.