During the credit card is used, the Cardholder can apply for the Installment Plan for Timo Life credit card transaction at VPBank (“”), where VPBank and Cardholder determine and agree that the amount of interest payable plus the installment payment principal will be equally divided by the number of months that the Cardholder registers to make installment payment. When the Cardholder participates in the Installment Plan for credit card transactions, the Cardholder agrees to comply and is fully bound by the whole contents of the following terms and conditions:
by the method of “calculating the first day, leaving the last day of the interest period”
The Cardholder violates the payment obligations of installment payments or breaches of obligations under the Agreement
The Cardholder no longer meet conditions as stipulated at Item a) Clause 1 of this Article.
The Cardholder’s credit card is closed, locked, temporarily locked, cancelled, etc.
Other cases VPBank deems to be necessary
The Cardholder should log in Timo Application, initialize the Application to subscribe installment payment for Timo Life credit card transaction, accept the General Terms and Conditions of Installment Plan for use of Timo credit card as instructed on the Application screen and the process of subscribing and handling installment payments for Timo Life credit card transaction on the Timo Application from time to time;
After the conditions for the Plan engagement are successfully satisfied by the Client and agreed by VPBank, the Cardholder shall comply with all terms and conditions of the Plan as prescribed herein and other relevant regulations of VPBank;
Once the Cardholder successfully registers via the Timo Application, Timo will send a notification on Application and email or by others according to the provisions of these General conditions to the Cardholder to confirm the successful registration by the Cardholder and/or an email stating the terms and conditions of the Plan.