Conditions for personal customers
1. Personal customers
Nationality:
Vietnamese
Age:
From 18 to 70 years old until the maturity period of loans
Credit history:
There is no CAT 2 at time of application and no CAT 3-5 within last 2 years
Income:
At least 10 million/month (if the loan has only 1 payer) or at least 12 million/month (if the loan has at least 2 payers)
Payment resource:
From salary, house/car rental, business...
2. Mirco business customers
Target customer:
Domestic Corporate (except FDI) has Revenue of Financial statements in previous year/ 12 previous months < 20bn VND/p.a and Total assets of Financial Reports in previous year < 20bn VND (for manufacturing enterprises) or < 10bn VND (for service/trade enterprises).
Time of business activity:
At least 1 year.
Credit history:
There is no CAT 2 at time of application and no CAT 3-5 within last 2 years
The profit of customer is above zero in a previous year.
Collateral
The collateral is vehicle:
- Loan to value: Up to 80%
- Insurance of car amount: At least 120% multiply by loan amount, maintaining during the loan period
The collateral is valued papers issued by VIB.
The collateral is Mortgage which has red book.