Facing new, complicated and unpredictable developments of the covid-19 disease in the world and in Vietnam. The State Bank of Vietnam has issued Circular 01-2020-TT-NHNN on bank support to customers affected by Covid-19 on the bank's support to customers affected by Covid-19 with many measures such as lowering interest rates, extending and postponing debts; Exemption and reduction of some types of payment transaction fees
Speaking at the meeting, Standing Deputy Governor Dao Minh Tu emphasized that Circular 01 was issued in order to timely support and remove difficulties for businesses and people who borrow capital damaged by the impact of Covid epidemic. -19.
The Circular ensures the legal basis to guide credit institutions and foreign bank branches to restructure loan repayment periods, exempt or reduce loan interest rates, and maintain the group of debts to businesses and people that have been damaged. due to the effects of the Covid-19 epidemic.
The concept of developing a Circular is to create maximum conditions on the responsibility and authority for credit institutions to coordinate with borrowers in considering and deciding the time level, supporting enterprises in restructuring loans and difficulties. towels due to disease impacts. At the same time, the new Circular will also clarify the responsibilities of credit institutions and borrowers when implementing this support policy, ensuring the right subjects, objectivity and not being taken advantage of.
Article 4 of the Circular stipulates that debt repayment rescheduling is the amount of principal and / or interest (including the debt balance of debts within the scope of regulation of Decree No. 55/2015 / ND-CP. June 09, 6 of the Government on the credit policy for agriculture and rural development (amended and supplemented) satisfies the following conditions:
(a) Arising from lending, financial leasing activities;
(b) Arising the obligation to pay the principal and / or interest within the period from January 23, 01 to the next day after 2020 months from the date the Prime Minister announces the end of the Covid-03 epidemic;
(c) The customer is unable to pay the debt in due time and / or interest due to a decrease in revenue or income due to Covid-19.
Credit institutions and foreign bank branches shall be responsible for providing specific guidance on criteria for determining the debt balance of customers affected by Covid-19, in which customer criteria must be reduced. revenue, revenue by Covid-19 translation.
Article 5 of the Circular stipulates that credit institutions and branches of foreign banks shall decide on the exemption and reduction of interests and fees according to internal regulations for the outstanding debts arising from credit extension activities (except purchasing activities, investment in corporate bonds) with the obligation to pay both principal and / or interest within the period from January 23, 01 to the next day after 2020 months from the date the Prime Minister announces the end of the Covid-03 epidemic and customers. Inability to repay the principal and / or interest due to a decrease in revenue and income due to Covid-19.
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- Arising from lending activities, financial leasing;
- The obligation to repay the principal and / or interest is incurred during the period from January 23, 01 to the next day after 2020 months from the date the Prime Minister announces the end of the Covid-03 epidemic;
- Customers are unable to pay their debt and / or interest in due time due to a decrease in revenue and income due to Covid-19.
- Contact the bank where the business is taking the loan to request details of necessary documents.
- Businesses prepare necessary documents and submit them to banks for approval.
Notice to Expertis
- Expertis customers please inform us the need for support. With the details.
Working with banks
- Within 1 working day from the date of receiving your notice, we will send staff to contact the bank and respond via email to customers about the bank's detailed records and policies.
Prepare documents
- Expertis continues to support customers to prepare documents proving damage / business decline to meet the bank's policy.
Send the file to the bank
- Expertis will assist customers to send documents to the bank, by: sending the delivery staff to customers to get records and send to the bank for the person responsible for approval.
Tracking results
- Expertis will support tracking results from the bank and the bank will in the direct report to the customer in the event of approval.