CAR LOAN

Product description: is a loan to buy cars for livings, business purposes of individual, small business or private enterprises that individual is owner.  

Target customers: Vietnamese individuals.

A. Conditions:

For the customer:

• Having stable incomes for principal and interest repayment.
• Security collaterals.

For car to be purchased or to be mortgaged:

• Lawful origin/valid documents.
• Being eligible for daily use.

Characteristic:

Tenor:

• Up to 120 months if the collateral assets are real estate. 
• Up to 84 months if the collateral is the financed car or other car as collateral.

Loan currency: VND.

Loan amount:

• Maximum 60% of car value: collateral is used car
• Up to 80%: 100% new car.        
• Up to 100%: Real estate collateral assets.

Interest rate: by Kienlongbank's regulations from time to time.

Loan method: by disbursements.

Debt collection method: flexible

Fee: See fee schedule.

Utilities:

• Simple loan procedure creating the most favorable conditions for customers.