Loan

House Construction and Renovation Loan

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1. Introduction

When you are in need of funding to construct, repair or decorate your house, House Construction and Renovation Loan  provided by DongA Bank is your answer. With flexible credit limit and loan repayment time, as well as competitive interest rate, your dream house will come true sooner.


2. Description of product

  • Credit limit: Depending on demand and debt payment capacity of Customer
  • Currency: VND
  • Interest rate: As provided by DongA Bank from time to time.
  • Loan term:
    • Construction loan: Maximum 10 years
    • Renovation loan: Maximum 5 years
  • Loan payment method: Periodic payment of principal, monthly payment of interest relative to the balance.


3. Eligible customers and application conditions

  • Vietnamese individual, having Family record book/KT3 and to be resided in the same area as DongA Bank;
  • Having demand of loan, appropriate with regulations by DongA Bank.
  • Having no overdue debt at any credit institution.
  • Collateral security: Assets of the borrower or the guarantee's relative.


4. PLoan application procedure

  • Loan application form (according to DongA Bank).
  • Copy of ID card & Family record book/KT3 of the individual borrower.
  • Interpretation of loan use purpose, explanation for loan of the individual.
  • Documents relating to loan use: Tender delivery and receipt contract, construction cost estimate.
  • Confirmation of income: Pay-roll for employees of state-owned/private comapnies (certified by the organization manager) or Certificate of business registration + tax payment receipt for freelancers and entrepreneurs
  • Copies of documents relating to mortgage assets.

 

5. Contacts:

For enquiries or further instructions, please contact:

 

 


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