Mortgage
| Product Type |
| Criteria |
| Tariff |
| General Required Documentation |
| Definition of "Group of Related Client" (*) |
| Promotion NEW |
Product Type
Home Loan: up to 75% of market value, up to 25 years
- Ready Property (first/resale)
- Under-construction Property (first/resale) for approved developers
Loan Against Property: up to 50% of market value, up to 7 - 25 years
Loan to cover personal requirements like renovation, extension, construction, durable purchase, education and other personal requirement.
Alternative Property: up to 60% of market value, up to 25 years
Already owned Ready Property mortgaged for purchase of under-construction Property.
Criteria
Age
- Minimum age: 21 years old
- Maximum age at loan maturity: 55/60 (female/male) for salaried. 65 for Self-employed
- Relationship between Main & Co-Borrower must be Immediate Family
Income
- Minimum net income is VND 10mio (USD 570) for salaried, VND 20mio (USD 1,140) for self-employed
- At least 3 year of working period or permanent status at current role for salaried and 3 years for self-employed
Interest Rate
- Customer may choose up front the re-pricing cycle as 1 or 3 or 6 or 12-months
- "Interest Only" - "Pre EMI" up to max 3 years (Under-construction Property)
Loan Size & Tenor
- Loan Size: VND 200Mio to VND 31Bio
- Age of Property not to exceed 25 years
- Tenor: min 1 years
Insurance Coverage
- Fire Insurance would be bought by SCB (FREE for customer) covering 100% of the Loan Outstanding
- If Customer wants to buy additional property insurance, s/he must notify SCB immediately
Tariff
| Valuation Fee | From VND 2,000,000 |
| Registration Secured Transaction Fee | VND 80,000 |
| Legal Fee | 3rd party actual fee to be charged |
| Late Payment Penalty | VND 150K per time when payment delay more than 3 days |
| Late Payment Interest | 150% due levied on Principal outstanding on the daily basis |
| Part prepayment | 1% on the prepaid amount if the partial prepayment is within first 12 months of loan. No additional charge if the partial prepayment is executed post 12 months of loan. |
| Early termination fee | Full Prepayment charges of 2% on the loan balance outstanding as of that month including all part prepayments in preceding 12 months (the early redemption is only allowed post 12 months of loan) |
General Required Documentation
Salaried Customer
- Copy of National ID Card/Passport (for Vietkieu or Foreigner only)
- Copy of valid work permit/Visa
- Copy of Permanent Resident Book/KT3/HK09
- Copy of Marital Status Certificate/Single Certificate or Divorce Certificate or Death Certificate of Spouse
- Copy of Property Ownership or related valid documents to Property which is used as Collateral
- Copy of Purchase Agreement, Reservation Agreement, ... together with related payment invoice/receipt (if any)
- Evidence on Loan Purpose (e.g. construction license for renovation/extension, purchase contract for home loan)
- 3-month of the latest pay slips or bank statement signed and authorized stamp by the pre-approved employer.
- Evidence of employment for salaried
Self-employed Customer
- Copy of National ID Card/Passport (for Vietkieu and Foreigner only)
- Copy of valid work permit/Visa
- Copy of Permanent Resident Book/KT3/HK09
- Copy of Marital Status Certificate/Single Certificate or Divorce Certificate or Death Certificate of spouse
- Certified true copy of FD and 6-month bank statement
- Copy of Business License
- Copy of Property Ownership or related valid documents to Property which is used as Collateral
- Copy of Purchase Agreement, Reservation Agreement, ... together with related payment invoice/receipt (if any)
- Evidence on Loan Purpose (e.g. construction license for renovation/extension, purchase contract for home loan)
- Evidence to show Length of relationship with the existing bank is more than 6-month and 1-year for PB and Non-PB respectively
- Proof of other income (if any), e.g. car rental, warehouse rental
- In case of joint account, provable document to show both must sign
Standard Chartered Bank (Vietnam) Limited ("the Bank") will give you an initial response on your loan application within 30 days from the date that the Bank receives your completed and valid required documents.
Definition of "Group of Related Client" (*)
(*)"Group of Related Clients" means two or more clients which have a credit relationship with the credit institution and which fall into one of the following categories:
- a. Parent company with its subsidiary and vice versa; credit institution with its subsidiary and vice versa; subsidiary of one parent company or one credit institution with each other; a Manager or a member of the Board of Controllers of a parent company or credit institution or an individual or organization with the authority to appoint people to such positions with the subsidiary company and vice versa
- b. A company or credit institution with the managers and members of the Board of Controllers of such company or institution or with the company or organization with the power to appoint such people and vice versa
- c. A company or credit institution with individuals and organizations owing 5% or more of the charter capital or voting shareholding capital in such company or institution, and vice versa
- d. People in a family relationship with each other, comprising a spouse, natural or adopted child, natural or foster parent, and siblings including the spouse of such people;
- e. A company or credit institution with people in a family relationship as defined in sub-clause (d) above with a manager, member of the board of controllers, capital contributor or shareholder owning 5% or more of the charter capital or voting shareholding capital in such company or institution, and vice versa;
- f. An individual authorized to act as representative of any of the organizations or individuals stipulated in sub-clauses (a), (b), (c), (d), and (f) above with the principal; individuals authorized to act as capital contribution portion representatives in the same organization, as with each other;
- g. Any group of individuals or organizations with the ability to control the decision-making or operation of a company or credit institution via the general meeting of shareholders or members council of such company or institution