Own your favourite car with My Car Loan product
Introduction
Objective
- Individual customers from 18 – 60 years old (including Vietnamese and foreign citizens living in Vietnam)
- They or their spouse have signed a purchase contract to buy a car
- For individuals working for organizations (having at least 10 staff): working for at least 06 months at the current organization, or having an official labor contract and having at least 24-month working experience up to the time of loan registration. For household businesses and enterprises: operating period must be at least 24 months up to the time of loan registration
Product Details
- Loan prime interest rate, only from 5.8%/year*
- Loan limit: Maximum 80% of car value
- Loan period: Maximum 84 months
*Please contact your nearest Woori Bank Vietnam Branch for more information about loan prime interest rate.
Collateral Conditions
- 100% of new cars are manufactured in Vietnam or imported and have not registered for use in Vietnam; or used cars
- Not applicable for car brands with large price fluctuation such as cars from China brands (Zotye, Baic, Chery, Haval, Changan…) or India brand (Tata, Mahindra, Maruti, Eicher…)
Required Documents
- Loan application request
- Legal documents of borrower: Identification Card/Passport, Residence Confirmation, Marital Status Certification
- Financial documents
- Car Documents: Purchase contract, Deposit note
How to apply
- Customer requests loan to Woori Bank Vietnam
- Woori Bank Vietnam makes appointment and collect customer’s documents
- Customer receives notice of loan disbursement
- Woori Bank Vietnam proceeds with disbursement and stores car registration certificate; Customer receives Mortgage certificate
