- Loan amount: Based on a home construction and renovation plan.
- Proof of income: Diversified.
- Various methods of interest and principal payment are available to match clients' needs.
- Interest rates: Competitive, calculated on the outstanding loan (remaining loan).
- Policy for early repayment: Flexible.
Home construction, renovation loan
For the need of home construction, renovation or decoration.
Benefits
Features
- Loan term: Up to 15 years.
- Grace period: Up to 01 year.
- Disbursement: In lump sum or in tranches according to actual construction progress.
- Payment method:
- Interest: Monthly;
- Principal: Linear (monthly or periodically but not longer than 6-month interval), ladder (increasing 10–20% per year ) or according to client’s cashflow.
Requirements
- Clients must be Vietnamese citizens, aged 18 years or older.
- Clients must have stable source of income and be able to repay the loan.
- Clients must provide collateral (property being renovated or other property).
Reference
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