Personal Overdraft Loans

This product provides customers with an available source of cash at any time

  • Loan limit: maximum total salary of 6 months, up to 200 million for unsecured overdraft and 300 million for secured overdraft
  • Loan term: 12 months
  • Currency: VND
  • Repayment method:  Interest calculated based on actual amount and days of overdraft and is automatically debited from customers’ account on the last day of month
  • Customers can withdraw cash at the counter or overdraft at ATM
  • To grant overdraft limit free for the first time for customers who have payroll account at VPBank
  • High and flexible overdraft limit
  • To allow unsecured overdraft and secured overdraft  

Conditions for unsecured overdraft application:

  • Minimum official working time: 3 months
  • Minimum monthly income: VND 5 million

Loan Applications:

  • Loan Application form and repayment plan
  • Account Opening Application form (for customers who do not have account at VPBank)
  • Copy of ID Card/passport, Copy of permanent household registration book
  • Documents evidencing working position
  • Documents evidencing salary and/or monthly net income
  • Copies of documents evidencing other incomes (if any)
  • Documents related to collaterals (if any)