Decision 2866/QD-NHNN 2025 maximum debit balance for each borrower in peer-to-peer lending solutions

DECISION

On the maximum debit balance for each borrower in a peer-to-peer lending solution and in all peer-to-peer lending solutions participating in the regulatory sandbox

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THE GOVERNOR THE STATE BANK OF VIETNAM

Pursuant to the Law No. 46/2010/QH12 on the State Bank of Vietnam;

Pursuant to the Law No. 32/2024/QH15 on Credit Institutions;

Pursuant to the Government’s Decree No. 26/2025/ND-CP defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

Pursuant to the Government’s Decree No. 94/2025/ND-CP dated April 29, 2025, providing the regulatory sandbox in the banking sector;

At the proposal of the Director of the Monetary Policy Department.

DECIDES:

Article 1. The maximum debit balance for each borrower in a peer-to-peer lending solution and in all peer-to-peer lending solutions participating in the regulatory sandbox defined in the Government’s Decree No. 94/2025/ND-CP dated April 29, 2025, providing the regulatory sandbox in the banking sector shall be as follows:

1. In a peer-to-peer lending solution participating in the regulatory sandbox: VND 100 million (VND 100,000,000).

2. In all peer-to-peer lending solutions participating in the regulatory sandbox: VND 400 million (VND 400,000,000).

Article 2. This Decision takes effect on the date of its signing.

Article 3. The Director of the Monetary Policy Department, heads of units under the State Bank of Vietnam, the peer-to-peer lending companies participating in the regulatory sandbox in the banking sector and users of peer-to-peer lending solutions in the regulatory sandbox in the banking sector shall implement this Decision./.