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
1. Interest Rates:
a) Fixed Interest Rates
Fixed interest rate for the first year: from 6.6% per annum
Fixed interest rate for the first two years: from 7.8% per annum
Fixed interest rate for the first three years: from 8.3% per annum
2. Interest Rate Incentives:
A maximum reduction of 1.4% per annum may be applied to the “Fixed Interest Rate” if the customer meets the eligibility conditions (*).
(*) Please contact any branch of Woori Bank Vietnam for further consultation regarding the applicable preferential interest rates.
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 Zotye, Baic, Chery, Haval, Changan, 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
