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FACTORING

This product is a type of credit provided by SCB to vendors (residents as per law’s regulations on foreign exchange) by buying without recourse the payables from commodities sold, services rendered under contracts.

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BENEFITS

Meet the need of working capital during the instalment sales.

Monitor debt collection for the purchasers to focus on business and manufacturing activities.

FEATURES

Participants: Legal entities and owners of private enterprises in need of making bid guarantee.

Currency of loan: VND or foreign currencies.

Term of factoring: maximum 06 months.

Method of factoring: on item-by-item basis, under credit line or syndicated factoring.

Interest rate and fees: as per SCB’s regulations from time to time.

Details

Information on product and service policies is only for reference and may change from time to time. Please contact your nearest SCB branch or hotline 1900 6538 for advice.

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