Household Loans

Household Loans are credit products that support customers to supplement source of working capital or to buy machine, equipment and means of transport, to upgrade material facilities, to expand factories and etc.

  • Loan limit is up to 85% of capital needed
  • It meets various capital needs of households such as loans for working capital with credit line, loans for items or loans for investing machine and factory, etc.
  • Object: Households Loans who need capital for production and business purposes.  
  • Repayment method: Repayment method is flexible and depends on borrowers’ capacity:
    • Repaying by fixed annuity (repaying fixed amount periodically including principal and interest)
    • Or repaying principle periodically and interest monthly on actual balance.
    • Or repaying principle at the end of term and interest monthly.
  • Loan conditions:
    • The representative of household is aged from 20 t0 65
    • The borrower has certificate of household registration and other certificates (if regulated)
    • It has registered business location and the location where business plan is implemented is in the areas where BAOVIET Bank locates.
    • Business performance is continuously stable for at least 12 months (if repayment source is from business performance)
    • If a household has operated for less than 12 months, it must satisfy the following two conditions:
      • It has stable source of repayment independent from investment project and business plan.
      • It has at least 2 years of working experience in the directly related industry
    • It has legal security properties to guarantee the loan.
  • Collaterals: It has properties for security purposes according to BAOVIET  Bank’s regulations.
  • Loan application form of BAOVIET Bank
  • Loan plan form of BAOVIET Bank
  • Financial statement, sale record, invoice, etc.
  • Security properties files.

To find out more information, please call BAOVIET Bank Customer Sevices Center. Tel: 1900 55 88 48 or (04) 39 38 19 19