1. Normal car loans
2. Trường Hải Car Loans
Normal car loans
Owning a car is not difficult. VietinBank shall finance customers to purchase cars at a good value. Carry out dreams and come to our program of VietinBank Car Loans.
Terms to borrow
- Having legal capacity and individual capacity. Younger than 60 years old for men and 55 years old for women at the end of the loan term;
- Having legal residence or registered residence (valid for more than 1 year) in the same province, city with the lending unit of VietinBank;
- Using borrowed funds to purchase cars for personal use;
- Putting in at least 30% of the new car’s value and 50% of the old car’s value;
- Stable monthly income of at least 5 million dongs per month;
- Collateral for the loan is the purchased car.
Product Benefits
- Meeting the demand to borrow of customers when they still not yet have Car Registration (for cars purchased at VietinBank affiliated car selling units).
- Loan limit: 70% of new car’s value and 50% of old car’s value.
- Loan term: Maximum 5 years for new cars and 4 years for old cars.
Rates and Fees
- Lending interest rates: mutually agreed personal consumption loan rates.
- Fees: are collected in accordance with VietinBank’s current regulations (if any).
Loan Application
- A copy of the national ID card/Passport; Legal residence book/ Registered residence book;
- Request form provided by VietinBank;
- Sale contract and/or contract signed by the borrower.
- A copy of technical check registration and eco-friendly certification provided by transportation authority for qualified cars (especially for old cars).
- Other relevant documents (if any).
Trường Hải Car Loans
With Truong Hai Car Loans, own a Truong Hai car for personal consumption, production, or for business purposes.
Terms to borrow
- Purchase 100% brand new cars (non-used), with all verifications of clear and legal origination.
- Put in at least 30% of the car’s value.
- Buy insurance for the car from Bảo Ngân Non-life Insurance unit of Vietnam during loan term where the amount covered for by the insurance is no less than the loan amount and where VietinBank is the first beneficiary appearing on the Insurance contract/certificate.
- Agree with terms and conditions of the Affiliation Contract between VietinBank and Trường Hải Company.
- For consumption purposes: minimum monthly income of at least 5 million dongs.
- For business and production purposes:
- Have a feasible and effective business plan.
- Have feasible pay-back resources for the business plan and other pay-back resources (if any).
Product Benefits
- Loan limit: Up to 70% of the car’s value when the car is put up as collateral, and other limits in exceptional cases regulated by VietinBank.
- Loan term:
- Imported cars from USA, Japan, Europe: maximum 5 years.
- Imported cars from other countries: maximum 4 years.
- Loan type: per time/installment.
Rates and Fees
- Lending interest rates: as currently regulated by VietinBank.
- Fees: are collected in accordance with the current fee schedule at VietinBank (if any).
Loan Application
- National ID Card/Valid Passport.
- Legal residence book/Registered residence book and certification documents /marital status verification.
- Loan request form provided by Vietinbank;
- Business Registration certificates, such as:
- For individual/household business: car transportation business registration certificate (if the business is in car transportation); Business registration certificates for the business plan proposed by customers (if cars are purchased to transport goods and perform services for the customers only).
- For cooperative business: car transportation business registration certificate of the cooperative.
- Business plan, documents proving purpose to use borrowed funds (if the car loan is for business purpose).
- Other related documents (if any).
