- Loan amount: Based on the value of houses and lands to be bought and the collateral.
- Various methods of interest and principal payment are available to match clients' needs.
- Proof of income: Diversified.
- Interest rates: Competitive, calculated on the outstanding loan (remaining loan).
- Policy for early repayment: Flexible.
Home mortgage
For the need of funds to purchase/receive transfer of ownership of houses and land use rights
Benefits
Features
- Loan term: Up to 25 years.
- Grace period: Up to 1 year.
- Flexible payment method:
- Interest: Monthly or quarterly;
- Principal: Linear (monthly or periodically but not longer than 6-month interval), ladder (increasing 10–20% per year) or according to the cashflow of clients.
- Disbursement: In lump sum or in tranches.
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 (lands/houses to be purchased or other property).
References
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