Ready to own your own car? Let us help you finance up to 80% of your brand new car. We will offer you the best rate so you can drive off with your new car today!
Features & Benefits
Highly competitive interest rate
- 7.29% p.a. (fixed rate for 1 year).
- 7.59% p.a. (fixed rate for 2 year).
- 8.19% p.a. (fixed rate for 3 year).
* Subjects to be changed from time to time., please see the detail at link.
Interest rate based on reducing balance
A great method to help you pay off your auto loan more effectively.
Flexible loan tenor
Up to 5 years.
Financing up to 80% appraised value of your new car
Pledge of purchased new car
No additional security required.
Simple and fast turn-around time process
We are here to help you get your approval in as short of time as possible.
Interest amount = (Actual balance × Number of days of maintaining the actual balance × Interest rate)/365
Please take note of 2 different rates: fixed and variable interest. After the fixed rate period has ended, the variable rate shall be applied.
| Fixed rate | Period for fixed rate | From 300mil VND |
|---|---|---|
| For 1 year | 7.29% p.a. | |
| For 2 years | 7.59% p.a. | |
| For 3 years | 8.19% p.a. |
| Variable rate | Prime rate + Spread | |
| Spead | ||
|---|---|---|
| From 4th year onwards | Prime Rate + 1.19% p.a. | |
Individuals
- Vietnamese people, from 18 to 65 years old during the loan term.
- Have stable income as salary, self-employed, house leasing or household.
- Have family residence book is in Ho Chi Minh City, Hanoi Central, Binh Duong (Thu Dau Mot, Thuan An, Di An), Dong Nai (Bien Hoa, Trang Bom, Long Thanh) & Long An (Tan An, Can Duoc, Can Giuoc, Duc Hoa).
Enterprises
- Have proof of legal establishment and operation more than 2 years.
- Have a stable financial situation, ensuring loan repayment capacity.
- Have business address in Ho Chi Minh City (excluded Can Gio), Hanoi Central, Binh Duong (Thu Dau Mot, Thuan An, Di An).
Individuals
- ID card.
- Household registration book / KT3 / Temporary residence registration certificate.
- Certificate for single / marriage status.
- Proof of income.
- Documents proving loan purpose.
Enterprises
- Loan application form.
- Enterprise legal papers.
- Proof of income.
- Documents proving loan purpose.
| NO. | NAME OF INSURERS |
|---|---|
| 1 | Bao Viet |
| 2 | PetroVietnam Insurance (PVI) |
| 3 | MIC |
| 4 | Liberty |
| 5 | BIDV Insurance (BIC) |
| 6 | AIG |
| 7 | AAA |
| 8 | BSH |
| 9 | Bao Minh |
| 10 | Petrolimex (PJICO) |
| 11 | Post & Telecom (PTI) |
| 12 | VNI |
| 13 | Xuan Thanh |
| 14 | Vietinbank Insurance (VBI) |
| 15 | Bao Long |
| 16 | SGI Hanoi |
| 17 | Cathay Vietnam |
| 18 | Fubon Insurance |
| 19 | Samsung Vina |
| 20 | PAC |
| 21 | OPES |
| 22 | MSIG |
1) When will you provide the exact interest rate?
Direct Sales staff will share specific interest rates from the beginning.
2) How long does it take to wait for application approval?
Usually it takes us 48 hours after receiving and reviewing you loan applications (this varies case by case).
3) Is there an early repayment fee?
Yes we allows early repayment with a 3% fee applied to the amount paid in advance. This fee is waived from the 4th year onwards.
4) What is the minimum income I need to be approved for a car loan?
You will need a minimum stable income of at least 15 million VND per month.
