Domestic factoring


Domestic factoring

  1. Is a solution in which Techcombank provides financing to customers by acquiring the assignment of receivables arising from domestic buying and selling contracts. The contracts have terms of deferred payment.
  2. Techcombank customers are sellers who own the receivable. Buyers are corporate who are appraised and accepted by Techcombank.

Benefits for customer

Financing rate is up to 90% of receivable’s value.

Simple and quick procedure; speed up capital flow of customer.

Don’t require other collaterals and business plan for each disbursement.

Saving cost, time, human to follow & collect receivables, focusing on core business.

Creating competitive advantages in business when accepting credit payment, increase ability of expanding market. 

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