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A Credit Agreement is a contract between a lender and a borrower, where the lender provides credit or a loan under agreed terms, including interest rates, repayment schedule, and any collateral or security required to ensure repayment.
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BANK CREDIT AGREEMENT
A Bank Credit Agreement defines the rights and obligations of the bank and the borrower in the use of loans or credit facilities. The agreement specifies the loan amount, interest rate, term, repayment methods, collateral (if any), legal responsibilities in case of breach, and dispute resolution measures, ensuring a transparent and secure credit transaction.
BENEFITS OF USING THIS AGREEMENT TEMPLATE
Legal compliance: The template is drafted in accordance with the Law on Credit Institutions, the Civil Code, and relevant regulations.
Clear and detailed: Specifies responsibilities, rights, interest rates, loan term, repayment methods, and collateral requirements.
Easily customizable: Can be adjusted for different types of loans, credit limits, and borrower profiles.
Protects parties’ interests: Minimizes disputes and safeguards the rights of both the bank and the borrower.
CONTACT FOR CONSULTATION AND SUPPORT
To download the template or get detailed advice, visit our website or contact our hotline: 19007495 for prompt assistance.