Real estate mortgage loan product for personal consumption
Introduction
Objective
- Resident customers (including Vietnamese and foreign citizens living in Vietnam)
- Stable monthly income with at least VND 8,000,000/ month
- For individuals working for organizations (more than 10 people): working period at least 06 months at the current organization; or have an official labor contract and have at least 24 months of 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
- Age: From 18 years old to 70 years old (Applied for both Loan applicants and collaterals owners)
Product Details
- Loan prime interest rate, only from 5.3%/year*
- Loan limit: Maximum 80% of collateral value
- Loan period: Maximum 360 months
*Please contact your nearest Woori Bank Vietnam Branch for more information about prime loan interest.
Collateral Conditions
Acceptable collateral is Real estate (the certificate of land use rights, ownership of other land-attached assets – Pink Book, red Book) and owned by the borrower or relatives
Required Documents
- Loan application request
- Personal records of customer and guarantor (if any): Identification Card/Passport, Residence Confirmation, Marital Status Certification
- Financial documents: Labour Contract, Bank account statement/Payroll sheet
- Documents related to loan purpose:
- Purchasing house: Buying contract
- Building, repairing house: Construction permit issued by a competent authority
- Other purposes: Provide appropriate documents according to the case
- Document related to collateral: Customer or third party’s certificate of property ownership
How to apply
- Customer requests loan to Woori Bank Vietnam
- Woori Bank Vietnam makes appointment and collect customer’s documents
- As documents are approved, sign loan contract
- Woori Bank Vietnam disburses as signed contract
