LOAN FOR PURCHASE, CONSTRUCTION, RENOVATION AND TRANSFER OF RESIDENTIAL HOUSE, LAND

Product description: is a loan for customers to buy, build and repair house and transfer of land (Certificate of land use) to live and serve daily needs of family’s stay or a partial rental.

Target customers: Vietnamese individuals.

Conditions:

• Stable incomes to repay  principal and interest.
• Secured collaterals.

Characteristics:

Tenor:

• For real estate purchase: up to 20 years.
• For real estate construction and repair: up to 10 years. 
• For real estate purchase, construction and repair: up to20 years.

Loan currency: VND.

Lending amount: 

• To buy property which is also collateral: by provisions of Kienlongbank.
• For construction, repair of real estate which is also collateral: Up to 90% of construction, repair costs.
• For purchase, construction, repair of real estate which is also collateral: Maximum 70% of real estate value plus (+) 50% of construction, repair cost.
• In case collateral is other real estate and/or other assets: Maximum 100% of the real estate value to be purchased and/or cost of construction and repair.

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

Loan method: By disbursements

Debt collection method: flexible

Fee: See fee schedule.

Utilities:

• To save cost by loan disbursement by construction progress.
• Long term loan for customer’s balance of their financial resources.