Car loan

Introduction

No more rainy days, from now on, your family will enjoy life with the comfort car, thanks to Vietcombank car loan program with many interesting benefits:

Here are some benefits by choosing Vietcombank's car loan:

Competitive interest rates from 7.4%
Flexible loan term: according to the actual income
Fast and simple procedures, quick approval time

Product details

Loan term

Maximum: 7 years

Clients can have the car loan 3 months after the time buying the car.

Loan amount

70% of the purchased car's value if using the same car as a collateral
Up to 100% of the purchased car's value if using other collaterals

Installment/

Payment

Loan balance: Monthly or quarterly
Interest: Paid monthly based on reducing loan balance

Requirements

Customer age: from 18 to 65.
Minimum monthly income: 05 million VND
Collateral: assets formed from loans/other real estate/valuable papers (according to VCB's regulations), old/new cars.

Documentation

Loan application form	Vietcombank's form
Legal documents	ID Card/Passport; Permanent Residence/ long-term residence (KT3); Marriage Certificate/Single Certificate.
Proof of loan purpose	Contracts; Transfer of ownership agreement …
Income documents	Labor contract; Payroll sheet; Statement of bank account …
Collateral documents	Ownership Certificate

Procedures

Step 1: Contact Vietcomabank's branch(es) for consultation on requirements and legal documents.
Step 2: Prepare and submit documents as guidance by Vietcombank's staff.
Step 3: Vietcombank review documents and annouce the approval result.
Step 4: Prepare documents/finish procedures before loan disbursement
Step 5: Loan disbursement