Can I get a loan from Agribank to solve bad debt?

With the question Can bad debt get a loan from Agribank?? It is a question that many people are interested in and pay attention to. Agribank is known by many people as a quality and reputable bank. Especially in loans with financial security with low interest rates.

But besides that, the conditions to participate in loan service at Agribank are not simple. Especially for those who are stuck in bad debt. So can bad debt get a bank loan or not? How to get a bank loan when bad debt. All will be answered by us in the article below, please read and find out right away.

What is bank bad debt?

Bad debt you can understand is a bank debt that is overdue. Or inability to pay, during the period of debt repayment to the bank, but the customer still does not perform. Depending on the time, the bank will let you into the corresponding bad debt group. Can bad debt get a loan from Agribank?

Bad debt refers to customers who are slow to pay money to the bank according to each prescribed interest payment period. As an overdue debt, if the customer does not pay interest, within 2 months, you will be identified as a bad debt according to the bank's regulations. When you have bad debt, it will be stored in the bank's records whether the loan is large or small.

What types of bad debt does Agribank have?

Bad debts are divided into 5 groups and are strictly managed from the national credit management center. And for Agribank, the groups of bad debts specified under CIC are as follows:

Bad debt group 1: Is a group of customers who are overdue to close the bank from 1 to 10 days. These 10 days are counted from the date of payment to the bank. And in this group, customers can still borrow money from other units.

Bad debt group 2: Also known as the debt group that needs attention and the subjects in this group have a term of 10 to 90 days. Calculated from the overdue date of payment to the bank. And when in group 2, customers will not be able to get unsecured loans. Borrowing without credit and not making credit cards at banks.

Bad debt group 3: For customers who are overdue for payment from 90 days to 180 days. You cannot get a loan from a bank.

Bad debt group 4: The overdue debt period is from 180 days to 360 days from the date of overdue payment of interest. and this is the group of debt that is suspected of losing capital.

Bad debt group 5: Debts that are overdue for 360 days or more and this group of debts is likely to lose capital.

Can bad debt get a loan from Agribank?

When customers want to borrow money at Agribank. Then the bank side will have to find out about your credit history. Only then will the bank decide whether to lend you or not. If you have bad debt, the history will be searched by the bank on CIC. And with the question Can bad debt get a loan from Agribank?? The answer and depending on the level and group of bad debt you are in, the bank can give you a loan.

Can group 1 bad debt get a loan from Agribank?

Group 1 bad debt is not actually considered bad debt. Because when you fall into this group, it is possible to get rid of bad debt immediately when you have fully paid the overdue amount as prescribed. And after payment, the bad debt history will not be saved on CIC and from there, you can apply for a loan at Agribank.

Conclude: Group 1 bad debt can be borrowed from Agribank when fully repaid.

Can group 2 bad debt get a loan from Agribank?

Group 2 bad debts are debts that are overdue from 11 days to 90 days. And the time to write off bad debt after payment is 12 months. During this 12-month period, customers will not be allowed to participate in loans at any banks and financial companies. However, at present, there are still a number of banks and financial companies that support group 2 bad debtors to borrow money when bad debts have been written off.

Conclude: Group 2 bad debt can be borrowed but will depend on the following conditions: Source of income, collateral, loan and repayment plan.

Can bad debt groups 3, 4, 5 get a mortgage loan from Agribank?

When you have bad debt level 3, 4, 6, it is very difficult to get a loan at a bank. Because your reputation is very low, even if the customer has paid off the debt. Then the bank still cannot lend you, For those in this bad debt group, after making the payment with the bank, they have to wait up to 5 years before they can continue to borrow money at the bank. row.

Conclude: Bad debt groups 3, 4, 5 cannot borrow money at Agribank for 5 years.

How to borrow money from Agribank when you have bad debt?

In the bad debt groups 1 and 2, after completing debt repayment to the bank, they can continue to borrow capital. And with bad debt groups 3, 4, 5, you can't get a loan and have to wait for a penalty period of 5 years before you can continue to borrow. If you want to borrow money when you have bad debt, you need to do the following things:

Can bad debt get a loan from agribank? — Go to Agribank Transaction Office to clear bad debts

Step 1: Contact the bank to know the outstanding balance of the loan.

Step 2: Go to the transaction office and complete the procedures to pay off the outstanding balance.

Step 3: Confirm bad debt has been deleted on the CIC system.

Step 4: If you belong to group 1 bad debt, you can go to Agribank to apply for a loan immediately, but if you belong to group 2, you have to wait 12 months, groups 3, 4, 5 wait 60 months to get a loan.

Can relatives with bad debt get a loan from Agribank?

If you do not have bad debt but your relatives have bad debt, can you get a bank loan? Bad debts are divided into 3 categories: substandard loans, doubtful loans, and potentially capital loss. If your family has bad debt at level 2 or higher, it will be very difficult for you to get a loan from a bank.

But in the form of a bank mortgage, the borrower must use personal assets to secure it. So it doesn't matter if a family member has bad debt or not. And according to the regulations, personal property and no bad debt can still get a mortgage at a bank account.

Which banks can bad debt borrow?

In case of bad debt loaned by the bank

The following bad debt cases can still apply for a loan at a bank.

In case of bad debt group 3, 4, 5 with debt of less than 10,000,000 VND

For groups 1 and 2, you can't owe more than 2 times in a row.

When you mortgage the red book, it must not exceed 100 million.

Complete repayment within 10 months as quickly as possible.

Banks with bad loans

When you have bad debt but want to borrow money at the bank. But not every bank you can borrow when you have bad debt. So here are the banks with bad debt you can still get a loan:

VP Bank: Currently, the bank is supporting customers with bad debts in groups 1 and 2.

Home Credit Finance Company: With a group of customers from 1,2,3 can choose because of its prestige and is the perfect choice.

SHB Finance belongs to SHB bank: Is a financial company managed by SHB bank. The new loan term is from 10 to 100 million and the interest rate is from 1.66% to 2.95% / month.

NCB Bank: As a bank not too many people know. The reputations and networks are very wide, suitable for groups of customers of type 1, 2, 3.

Policy bank: Bad debt groups 1 and 2 with a maturity of more than 90 years can still get loans from banks. The bank has not yet supported loans for bad debt groups of 3, 4, and 5.

VIB Bank: This bank allows bad debt group group 3 and has more than 3 years to borrow capital. I am in the group of 4, 5, and still don't get a loan from a bank.

Shinhan Bank: Allowing bad debt groups to borrow up to VND 100 million. The condition is that the customer has an income of 4 million / 1 month and with an interest rate of 18% / year.

Borrow monthly installments at financial companies, online loan app.

Refer to loan conditions at Agribank

Conditions for Agribank loan

Agribank is one of the banks with the most stringent loan conditions today. But in return, the interest rate of the loan is extremely low, helping customers not to pay much interest. If you want to participate in Agribank loan, you must meet the following requirements.

Borrowers are Vietnamese citizens with full awareness and ability to take responsibility for their own civil acts.

The age to apply for a loan is from 22 to 55 years old for women, and from 22 to 60 years old for men.

Must have full valid identification documents provided by the state such as: ID card/CCCD/Passport.

If you borrow under an unsecured package, you must prove your personal income in the last 3 months. Each month reaches a minimum of 3 million or more.

If borrowing under a mortgage product, it is required to prove ownership or a third-party power of attorney.

Have a clear plan, purpose and repayment plan.

Must have no bad debt history up to the time of registration.

Agribank loan procedures

Copy of national identity card or citizen identity card.

Copy of household registration book or long-term KT3 temporary residence book.

Certificate of current marital status.

Original mortgage documents.

Proof of income such as payroll statement, salary account, employment contract, appointment decision or equivalent document.

Application for loan application according to the form provided by Agribank.

With the above content you already know Can bad debt get a loan from Agribank?? The answer is that you can borrow but with the condition that you belong to groups of bad debts 1, 2 and have been paid off. Bad debt groups 3, 4, 5 cannot borrow from Agribank until the 60-month period has expired. So if you have anything else to ask, leave a comment below.

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Editor: Trinh Nganhangmobile.com