1. Normal consumption loans
2. Loans for VietinBank Staff
3. Collateral such as savings account/savings book/valuable paper
Normal consumption loans
Terms to borrow
- At the end of the loan term, customers are under 65 years old, except for other cases regulated by VietinBank.
- Have other persons under 60 years old to pay debt for if necessary and can verify income sources used to pay back loans.
- Put in at least 20% of required funds for short term loans and 40% of required funds for medium and long term loans except for certain cases as stipulated by VietinBank.
- Have collateral for the loan or use the purchased financial asset as collateral for the loan.
Product Benefits
- Lending currency: VNĐ
- Loan limits:
- Up to 80% of total required funds for short term loans.
- Up to 70% of total required funds for medium and long term loans.
- Up to 100% of total required funds when there are collaterals for loans such as savings account/savings book/valuable papers as accepted by VietinBank for each period.
- Lending methods: per time or installment
- Loan term: up to 5 years.
Rates and Fees
- Lending interest rates: as mutually agreed between VietinBank and customers.
- Fees: are collected in accordance with VietinBank current regulations.
Loan Application
- Loan Request form provided by Vietinbank;
- Project proposal; papers and documents verifying purposes of borrowing funds.
- Documents verifying resources to pay back loans; collateral for loans.
Loans for VietinBank Staff
VietinBank supports its staff with consumption loans for purchasing cars, houses, sending children to study abroad, or other plans in the most convenient way.
Terms to borrow
- Have legal capacity and individual capacity; Under 59 years old for men and 54 years old for women at the end of the loan term or otherwise stipulated by laws.
- Have legal residence book or registered residence book (for more than one year) in the same province/city with the lending unit of VietinBank.
- Stable minimum income from 1.5 to 3 million dongs per month depending on each working region.
- Have income verified by the work office and commit to pay back the loan with this income.
- Participate in insurance programs with Bảo Ngân Insurance Company with the covered amounts and insurance terms corresponding to the loan terms and loan balances.
- Borrow but must be with collateral with other credit organizations and provided that there is no overdue loan.
Product Benefits
- Lending currency: VNĐ
- Loan limits: depending on income level and work position of customers. The maximum is 300 million dongs.
- Loan term: up to 3 years.
- Lending method: per time
- Pay back method: monthly installment payment.
- Collateral is only an option.
Rates and Fees
- Lending interest rates: mutually agreed with customers but no less than the currently applied consumption loan rates at VietinBank.
- Fees: are collected in accordance with VietinBank current regulations.
- Included are credit insurance fees with Bảo Ngân Insurance Company.
Loan Application
- National ID Card/Passport, legal residence book/registered residence book.
- Loan Request form provided by Vietinbank;
- Copy of work contract/permanent work contract.
- Copy of senior staff appointment (if any).
- Income verification or statements for the last 3 months’ salaries.
- Other relevant documents.
Collateral such as savings account/savings book/valuable paper
Put up savings account/savings book/valuable papers at VietinBank as the collateral for consumption/investment loans while still earning interest rates on those assets.
Terms to borrow
- For deposit account, savings account, savings book, valuable paper, the denominated currencies are: VNĐ, USD, or EURO
- Deposit account, savings account, savings book, valuable paper are opened at legally working banks or issued by organizations accepted by Vietinbank.
- Deposit account, savings account, savings book, valuable paper are verified and blocked by the issuing party/managing party during the loan term (if not opened at or issued by VietinBank).
- Owners of deposit account, savings account, savings book, valuable paper could authorize VietinBank to control the assets for the purpose of collecting debt.
- Collateral: could be deposit account, savings account, savings book, valuable paper owned by the customers or by third parties.
Product Benefits
- Lending currency: VNĐ
- Loan limit: up to the balance in the savings deposit account, savings deposit book, or the principal of the valuable paper less projected interest.
- Lending method: per time
- Loan term: up to the remaining payment term of the collateral (including the transition period to a different term – if any).
Rates and Fees
- Lending interest rate: as mutually agreed between the Bank and customers.
- Fees: are collected in accordance with Vietinbank current regulations (if any).
Loan Application
- Loan Request form provided by Vietinbank;
- Savings account/book, valuable paper, etc.
- National ID Card/Passport of customers and collateral owners.
