VIB Completes House Purchasing Loans in 48 Hours

To meet the growing demand for house purchasing loans, the Vietnam International Commercial Joint Stock Bank (VIB) has introduced two new housing purchasing lending products.

 

Customers will enjoy concessional interest rates and flexible payment terms (monthly, quarterly or biannually.) The lender will complete lending procedures within 48 hours dating from the time of submission.

 

Particularly, with the “accumulative house” product, customers can borrow up to 90 per cent of house and land value to be purchased. Borrowers will use their land, houses, apartments or other properties for lending security.

 

Besides, the bank introduced the “business-starting house” for individuals, young families and households with stable incomes to buy houses. The lending value can amount to 70 per cent of mortgaged assets and the maturity is 15 years. Secured assets can be the assets formed from purchasing and transferring contracts. Borrowers will be presented 1 per cent of interest rate in the first year. If they buy apartments, they will be present insurance premiums.