Product detail
This product supports finance individual customers to buy car for demands of individual or doing business
- Lending term: maximum 84 months for consuming and 60 months for doing business
- Method of repayment: fixed principal repayment or installments
- Lending limit: maximum 100% value of car
Benefits
Enjoy flexible and preferential lending interest
Collaterals can be the car generated form loans or other assests
Fast time and convenient, simple procedures
Procedure
Application criteria
- Vietnamese people and foreigners
- Being the owner of the automobile that VRB lends to buy
- Have a stable and regular income, ensure ability to pay loan
- Have full collateral
Required documents
Legal documents
- A verified copy of ID card/passport, permanent household registration book of borrower and spouse if married
- A verified copy of marriage certificate or bachelorhood certificate
- To foreign customers: valid passport, work permit and proof of residency in Vietnam.
Loan & collteral documents
- Lending plan (according to VRB form)
- Documents related to loan purposes such as house purchase contract, certificates of ownership in accordance with the law
- Documents evidencing repayment sources such as statement of 3 months salary/labor contract, renting contract etc.)
- Documents evidencing legal ownership the collaterals
- Other documents
Calculation
Monthly repayment plan
This tool is used for reference
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