Currently, the credit limit lending method is becoming more and more popular. This method helps customers to withdraw capital flexibly and quickly, offering greater autonomy in managing business finances. Grasping this trend, TYM has researched and officially introduced the credit line loan since November 2024.
Credit limit lending method is becoming more and more popular.
Meeting practical needs
Ms. Vu Thi Van (Dien Bich commune, Dien Chau district, Nghe An province) became a TYM’s client in 2010. The annual loans from TYM has helped her have money to trade seafood. She shared that thanks to the loans, her family’s economy has improved significantly in recent years. Since 2022, when TYM started piloting the credit line loan in Dien Chau branch, Ms. Van realized its advantages and benefits and immediately applied for this loan.
” Unlike other types of loans that limit the number of loans (to a maximum of two loans at a time), this credit line loan was introduced to be more flexible in term of loan numbers as well as repayment terms. I found it very suitable. I boldly applied for the maximum amount of loan limit from TYM so that my family could expand our business. Thanks to that, my family economy is better than before”, Ms. Van said.
According to Ms. Van, each loan limit is up to VND 50 million. The procedure is simple and requires no mortgage. After signing the contract, she can receive the loan after 1 week. Repayments are divided into small installments. Every 4 weeks, Ms. Van regularly repays TYM a portion of the principal and interest. At the end of the loan term, Ms. Van has paid off and can reapply without going through many paperworks and procedures as before.
From 2022 to December 2024, Ms. Van has accessed the credit line loan 3 times (totaling VND 150 million VND). She used this amount for her seafood trading business.
Similarly, Ms. Dao Thi Hong, Dien Thanh commune (Dien Chau district, Nghe An province) has received 5 times of credit line loan disbursement since the beginning of 2023. Ms. Hong said that she and her husband have been renting scaffolding and construction materials for many years. However, due to limited capital, her business model is only small and does not bring high profits.
In 2023, her family started availing the credit line loan from TYM with an amount of VND 50 million. With this amount, the couple invested in buying more construction equipment for rent, resulting in a significant increase in their family’s income.
“Those who rent scaffolding like my family know that after every short period of time, we have to buy new or maintain scaffolding to ensure quality and safety. Because I often have to avail loans to do bussiness, I feel very hesitant to do the loan application procedures. However, since TYM implemented this credit line loan, the procedures have become simpler and saved me a lot of time.” Ms. Hong said.
Expanding the credit line loan model across TYM
After a pilot period, in November 2024, TYM officially rolled out the credit line loan across all branches and received many positive results.
TYM – Nam Dinh City branch is assessed by TYM as one of the potential locations for this new type of loan. With a customer base mainly involved in small production and business activities, the need for regular and continuous working capital is high. Ms. Tran Thu Huong (Tran Hung Dao Ward, Nam Dinh City) is one of more than 100 first customers of TYM – Nam Dinh City Branch who applied for the new credit line loan. “I like this credit line loan because I can borrow more funds whenever needed. In the future, if I require more working capital, I will definitely contact TYM staff to avail a new credit line loan”.
Ms. Ngo Thi Nga, Director of TYM – Nam Dinh City branch, said that the difference of the credit line loan is that customers can withdraw loan when needed within the approved limit. They are not required to borrow the entire amount from the beginning. In addition, customers only have to pay interest on the actual amount withdrawn instead of the entire limit. This helps save costs, especially for customers who do not need to use the entire loan amount immediately. TYM’s credit line loan procedures are also very quick and simple. After obtaining approval for a credit limit (valid for up to 03 years), customers can quickly withdraw funds without re-applying. That helps to save time and effort. With flexible loan terms, this product often allows customers to borrow for a long time (up to 36 months), creating conditions for customers to effectively rotate capital and develop stable business. Customers can avail a loan at any time, as long as the disbursement time is within the approved credit limit.
TYM – Nam Dinh City Branch is also a pioneer in application of digital technology by partnering with a commercial bank branch to facilitate non-cash payment. Thanks to that, repayment to customers has become much simpler when all transactions are performed automatically, accurately and promptly. Many customers highly appreciate these new policy changes of TYM.
Up to now, TYM has disbursed nearly VND 33.5 billion, equivalent to 884 disbursements under the credit line loan program for women. The credit line loan is a new step in TYM’s credit activities, aiming to bring flexible financial solutions to meet individual customer needs. In 2025, TYM plans to secure enough capital so that more and more women can access and benefit from this type of credit line loan.