CIC launches portal for borrowers

Jun 11th at 08:02
11-06-2019 08:02:12+07:00

CIC launches portal for borrowers

Through the portal, borrowers can easily choose credit packages and register loan needs at the appropriate credit institutions, saving travel costs and time when using banking services.

 

The borrower connection portal is also aimed at improving the transparency of credit information. Borrowers are allowed to view their own credit information and credit scores to monitor their credit levels as well as prevent fraud.

In addition, customers will be advised by CIC on how to improve their credit scores and access credit at credit institutions.

Credit institutions participating in the portal are introducing credit packages and preferential policies for customers. They will be able to use the platform to approach borrowers, reduce the time and cost of finding and selecting customers and ensure openness and transparency.

According to CIC’s general director Do Hoang Phong, CIC provides guidance and solutions on its website and through its smartphone application "CIC Credit Connect - Connecting loan needs".

At the launch ceremony for the platform, SBV’s deputy governor Nguyen Kim Anh said the move showed CIC has applied new technologies to help borrowers and credit institutions.

Anh said CIC needs to improve the features of the portal, focusing on convenience for customers when registering online and ensuring the safety and confidentiality of their information. Credit institutions must co-ordinate with CIC to introduce and regularly update credit packages, serve the needs of customers and give feedback to CIC to improve and develop the portal, Anh added.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Cross-ownership in the banking system almost resolved

According to the report, the number credit institutions with direct cross-ownership had decreased from seven in 2012 to none.

Banks face big capital burden despite dividend plan

A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory...

OCB is first bank in VN to use IBM Integrated Analytics System

The Orient Commercial Joint-Stock Bank (OCB) on Thursday in HCM City said that their investments in technology had grown strongly since 2016.

FDI enterprises in massive tax arrears

The HCM City Depatment of Customs has listed 1,000 businesses that have not paid tax worth trillions of dong, including foreign direct investment (FDI) firms.

Banks may assess pollution risks before granting loans

Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Viet Nam (SBV) draft regulation.

Online tax payment a boon to import-export businesses

Around 99 per cent of import and export tax payments in HCM City are made online, according to the customs department. Switching to online payment has reduced work...

VCCI opposes VND20m daily transaction limit for individual ewallets

The Vietnam Chamber of Commerce and Industry (VCCI) has objected to the State Bank of Vietnam’s (SBV’s) proposal that an individual must not conduct transactions...

Central bank enhances measures against loan sharks

Governor of the State Bank of Viet Nam (SBV) Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and...

Shared database needed to fight tax loss in e-commerce

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

Viet Nam’s credit growth expands by 5.07% in five months

The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Viet Nam (SBV)...

Bank stocks

Insurance stocks


MOST READ


Back To Top