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- Instant transfers to local bank accounts and free of charge for transfers between VIB accounts
- Bill payments (electricity, telephone, cable television…)
- Secured with the dual security mechanism
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Benefits
Improving the reliability and reputation in business relationship.
Flexibly issue guarantee letter in the form of VIB and customer sample. Fast and simple procedures.
Easy to confirm the authenticity of VIB-issued guarantee: The guaranteee / guaranteed party can check the guarantee letter's information through VIB website
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Customer
Corporate customer have needs to issue performance guarantee to ensure the fulfillment of financial obligations to partners.
Condition
- Customer has sufficient civil legal capacity and civil act capacity as prescribed by law
- Obligation to be guaranteed is a legal financial obligation
- Customer has the ability to properly and fully fulfill the commitment obligations to related parties in the guarantee relationship
- Guarantee obligation is secured or unsecured
Loan to value
As per VIB's regulation
Tenor
Depend on agreement between VIB and related parties.
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