Guarantee issuance

The leading reputable bank in the issuance of guarantees

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Outstanding features of the guarantee service

Featutes:

  • Bank guarantee is issued on behalf of the applicant to provide credit assurance to the beneficiary. It is a contingent liability of the bank and, based on conditions in the guarantee, may require the bank to fulfill financial obligation on behalf of the applicant.
  • Including bank guarantee and house guarantee .
  • TCB commits to the Beneficiary to perform financial obligations on behalf of the guarantor when the guarantor fails to perform or fails to fulfill the obligations committed to the Beneficiary, and the guaranteed to receive debt and repay to TCB.
  • Accept Techcombank’s standard contract template or use  customer’s template.
  • Accept conditional & unconditional guarantee.
  • Guaranteed obligations: loan, bid, advance payment, payment, performance, warranty, tax, counter guarantee, retention refund, guarantee for execution of investment projects,…
  • Guarantee can be issued in VND or foreign currency.

Benefit:

  • The customers are guaranteed by TCB for contract obligation. 
  • The customers’ creditworthiness is ensured when TCB commits to make payment.
  • Mitigate risk for newly established business relationship.
  •  Strengthen reputation and boost business performance.
  • All-in-one service package for businesses from project lending to developer guarantee, cash flow management and home buyers loans.

Guarantee Services

Guarantee solution: superfast issuance and exclusively for
Businesses tendering for public procurement

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