Product detail
VRB always supports customers to own their dream house or constructing/repairing the house
Benefits
High loan limit: up to 100% of house value & Long loan term: up to 20 years
Flexible & preferential interest; simple, convinient and fast procedure
Use the house generated from loan as a collateral
Enjoy the professional consultancy of enthusiastic staff
Application criteria
- Vietnamese people and foreigners
Procedure
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 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
| Month | Interest | Monthly repayment | Ending balance |
| 1 | 1,000,000 | 11,000,000 | 90,000,000 |
| 2 | 900,000 | 10,900,000 | 80,000,000 |
| 3 | 800,000 | 10,800,000 | 70,000,000 |
| 4 | 700,000 | 10,700,000 | 60,000,000 |
| 5 | 600,000 | 10,600,000 | 50,000,000 |
| 6 | 500,000 | 10,500,000 | 40,000,000 |
| 7 | 400,000 | 10,400,000 | 30,000,000 |
| 8 | 300,000 | 10,300,000 | 20,000,000 |
| 9 | 200,000 | 10,200,000 | 10,000,000 |
| 10 | 100,000 | 10,100,000 | 0 |
