- Business Startup Support Fund is managed by Vietnam Youth Federation of HCMC, operated by BSSC. The purpose of the Fund is to encourage entrepreneurship, promote young people’s desire of getting rich.
- Fund is worth 100 billion VND
- With this fund, BSSC provides financial solutions for those who is running their business.
2. ELIGIBLE BORROWERS:
The Business Startup Support Fund is giving loans for:
- A relative or a person who knows thoroughly the project;
- The Family Register in Ho Chi Minh City;
- Have ability to make money or assets and guarantee to pay off the loan on behalf of the project manager;
- Understand the obligations of a guarantor and sign a guarantee application form.
4. LOAN LIMIT, LOAN DURATION AND INTEREST RATES:
- Loan limit:
- Individual Project: Up to VND 350 million.
- Enterprise Project: Up to VND 600 million.
- Loan duration: less than 48 months.
- Interest rate:
- On Schedule: 0.8% /month. ( Reduce half- cycle rates for specific cases)
- Overdue: 150% interest rate
- Preferential interest rate policy for borrowers from BSSF (click here)
5. LOAN PAYMENT
Total of monthly payment = Total of principal + Total of interest:
- Principal : Loan amount/ Loan Duration.
- Interest: Loan amount * Interest rates.
Account name: Business Startup Support Centre
Account number: 006762390001
At: Dong A Bank – Dinh Tien Hoang Branch