Unveiling VIB’s New Home Loan Package: VND 30,000 Billion at an Unbeatable 5.9% Interest Rate with up to 48 Months Principal Grace Period

VIB has launched its largest ever loan package, offering individuals easy access to financing with attractive fixed-interest rates, simple and efficient loan procedures, and long-term peace of mind. This product also offers special benefits to customers who are borrowing from other banks.

Enjoy preferential interest rates with flexible options

With three fixed-interest rate packages for 6, 12, and 24 months, starting at just 5.9%, customers can rest assured about their finances and not worry about market interest rate fluctuations. In addition, customers who transfer their loans from other banks to VIB will receive an additional 0.4% interest rate discount. According to VIB representatives, anticipating the demand in the real estate market in the last six months of the year, and targeting high-quality customers, VIB has introduced competitive and industry-leading interest rates.

Up to 48 months grace period, quick procedures, and flexible payments

In addition to offering industry-leading interest rates, customers can also benefit from a grace period of up to 48 months on principal payments, reducing financial pressure during the initial period of home ownership. VIB also offers a 0.4% interest rate reduction, early disbursement to repay loans from other banks, and free property valuation for customers. The bank also provides flexibility in income verification for customers.

To optimize the customer experience, VIB continuously improves its assessment and approval processes and implements flexible policies. By building a robust customer database and risk management models, income verification has become faster and easier. As a result, loan approval takes only eight hours from the time of complete document collection and appraisal. Additionally, payment policies have been adjusted to be more flexible and tailored to the financial situation and conditions of each customer.

VIB: The top choice for retail credit products such as home loans, apartment loans, car loans, business loans, and consumer loans

According to VIB’s leadership, the VND 30,000 billion home loan package is the largest and most attractive loan package ever offered by the bank, with competitive interest rates. The product not only targets high-quality credit customers but also focuses on high-quality secured assets in the inner cities of Hanoi, Ho Chi Minh City, and other major cities. As a result, high-quality customers can easily access affordable capital.

Previously, VIB successfully launched its apartment loan product, achieving positive results and making a significant impact in the market. The apartment loan portfolio increased sevenfold compared to the beginning of the year, contributing to VIB’s nearly 5% credit growth in the first six months. Through its apartment and home loan products, VIB aims to establish itself as the top choice for individuals in Vietnam. Looking further back, VIB was the first bank to transition to a retail banking model six years ago and has maintained a leading market share in car loans for many years.

The real estate market is showing positive signs in the third quarter, with interest rates at their lowest level in 20 years. This has led to a rapid increase in retail credit demand, especially for secondary homes with complete and secure legal documentation. VIB aims to be the trusted partner for millions of families and successful young individuals, helping them realize their dreams of owning their first or second home through smart and effective financial solutions.

For more information, please contact the hotline: 1800 8180, or visit the VIB website here.