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
– Fixed interest rate:
+ Fixed interest rate for the first year: at least 6.7%/year
+ Fixed interest rate for the first 2 years: at least 6.9%/year
+ Fixed interest rate for the first 3 years: at least 7.4%/year
+ Fixed interest rate for the first 5 years: the first 6 months: 4.3%/year, and the next 54 months 8.7%/year
– Preferential rate: Maximum reduction of 0.4%/year for “Fixed interest rate” above if the following conditions are met
- 1. Approved Credit Card before disbursement or using Credit Card of Woori Bank Vietnam: deduct 0.1%/year
- 2. Private Banking customer at Woori Bank Vietnam: deduct 0.1%/year
- 3. Having a term deposit at Woori Bank Vietnam with minimum balance VND 20,000,000 and maintaining the deposit at least 12 months: deduct 0.1%/year
- 4. Received salary via Woori Bank Vietnam’s account: deduct 0.1%/year
- 5. Register for loan with the purpose of early repayment for loan at another bank: deduct 0.1%/year
- 6. Loan is approved up to VND 5 billion and customers aged not above 35 years old: deduct max. 0.1%/year (Note: this is for purchase of house only)
Preferential rate is subject to change following the Bank’s prevailing policy. Please contact Branch/Transaction Office of Woori Bank Vietnam for further information.
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
