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Overdraft - Optimal financial solution - MSB
Funding rate up to 98% of collateral value

Register Expense and Instruction

Register
Expense and Instruction

Description:

In order to facilitate the payment of the financial institutions, MSB approves the financial institutions to spend in excess of the Credit balance on the bank's current deposit account in VND at MSB. The financial institution will pay interest and other expenses (if any) on the overdraft amount and repay the overdraft principal within a certain period.

Benefit:

  • Term of overdraft limit: Up to 12 months.
  • Overdraft limit is granted in 2 forms:
    • Limit with collateral (which is the balance of demand deposit/time deposit at MSB) with a credit limit granting rate up to 98% of the collateral value.
    • Limit without collateral.
  • Create initiative for financial institutions in daily payment transactions.
  • Optimized resource usage.
  • Used in combination with centralized account management services to optimize limit and cash flow management of Insurance companies.

Contact:

Customer Management Department Non-Banking Financial Institutions - Customer and Partnership Management Center

  • Email: Nonbankfi@msb.com.vn; FI.CK@msb.com.vn
  • Phone: (84-24) 3771 8989/ Ext 6836/6801

Điều kiện mở thẻ

Securities companies, Insurance companies

Điều kiện mở thẻ

See more details here.

Frequently asked questions

Customers can use collateral that is real estate or means of transport to secure the loan. Customers can use collateral that is real estate or means of transport to secure the loan.

Customers need to prepare a fee for the Valuation Service of the Collateral, from which MSB determines the loan amount based on the value of the collateral - this is paid when providing documents to the Bank. Once the loan is approved, the customer prepares the security contract notarization fee and the loan security transaction registration fee to complete the mortgage procedure before disbursing.

MSB does not require the Client to provide a Construction Permit for a loan of VND 1 billion or less or Construction Works that is exempt from a Construction Permit.

In other cases, the Customer is requested to provide the Construction Permit/Confirmation from the Local Authority that the Works are exempt from the Construction Permit.

Yes. You can use your parents' assets as collateral for your loan at MSB.

Yes. Customers can repay part or all of the principal before maturity depending on their financial situation. The early repayment fee is based on the principal amount paid in advance, most of MSB's interest packages for you are free of early repayment from the 5th year onwards.

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