Article 20. Validity

1.   The regulations herein are valid and enforceable since the date mentioned at the first section herein. Since the effective date of these General Terms and Conditions, the terms and conditions are applied to all Timo channel Personal Cardholders who are issued and covered with Timo Life credit card (including clients issued with Timo Life Credit card, previously).

2.   By signing the Application, the Client confirms that VPBank has provided all information about method of interest calculation, applicable interest rate, principles and factors to determine the adjusted interest rate (in case VPBank applies the adjusted interest rate) in accordance with the laws before this Application is signed.

3.   The Client confirms to have read, understood and strictly adhered to Terms and Conditions of Service in these General Terms and Conditions, other Service regulations of VPBank and the applicable laws of Vietnam.