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Unsecured personal loans are a form of borrowing that does not require collateral or a guarantor. Therefore, individuals can use unsecured personal loans for activities such as home construction, vehicle purchases, and business ventures ... Most banks offer unsecured personal loans in the range of 10 - 500 million with loan terms from 6 - 60 months. However, the services for unsecured personal loans at each bank will have different interest rates for home purchases, car purchases, loan approval times, loan terms, loan conditions ... Let's refer to comparing unsecured personal loans at various banks to find out the necessary information and choose the bank with the best unsecured loan services.
Personal loans at various banks
1. Personal loan from Techcombank
- Loan interest rate: 18%
- Principal amount: 50,000,000
- Interest: 9,375,000
- Total repayment: 59,375,000
- Minimum income required: 5,000,000
- Maximum loan term: 5 years
- Loan approval time: 2 days
* Loan eligibility criteria
- Customers must be over 20 years old and settle the loan before turning 60.
- Long-term employment contract of at least 12 months.
- Minimum total income of 5 million dong per month.
- Must have permanent residency or KT3 in the location where you apply at Techcombank. For example, if you borrow from Techcombank in Hanoi, you must have permanent residency or KT3 in Hanoi.
* Loan application documents
- Loan application form and unsecured personal loan agreement according to the template provided by Techcombank.
- Identification card/Citizen ID/Passport.
- Household registration book/KT3 at the location where you apply for the bank loan.
- Must have an employment contract.
- Other relevant documents.
2. Personal loan from Citi Bank
- Loan interest rate: 18
- Principal amount: 50,000,000
- Interest: 9,908,922
- Total repayment: 59,908,922
- Minimum income required: 10,800,000
- Maximum loan term: 4 years
- Loan approval time: 2-3 days
* Loan eligibility
- Must be a Vietnamese citizen over 21 years old.
- Reside in Hanoi or Ho Chi Minh City.
- Minimum income of 15 million dong per month.
- Customers must have a flexible credit card.
3. Personal loan from Maritime Bank
- Loan interest rate: 23.2%
- Principal amount: 50,000,000
- Interest: 12,967,184
- Total repayment: 62,967,184
- Minimum income required in HCM, HN: 6,000,000
- Maximum loan term: 5 years
- Loan approval time: 4 - 7 days
* Loan eligibility:
- Customers must be over 20 years old and settle the loan before turning 60.
- Must have an employment contract of at least 1 year.
- Must have a household registration book or KT3 paper in the location where Maritime Bank provides loan services.
- For customers residing and working in HCMC and Hanoi with a minimum income of 6 million dong, customers in other localities with an income of 5 million dong.
* Loan procedures:
- Personal identification documents
- Income proof and employment contract
4. Personal loan from ACB Bank
- Loan interest rate: 27%
- Principal amount: 50,000,000
- Interest: 15,256,275
- Total repayment: 65,256,275
- Minimum income required in HCM, HN: 7,000,000
- Maximum loan term: 5 years
- Loan approval time: 2 days
* Loan eligibility:
- Customers in Hanoi and HCMC must have a minimum income of 7 million dong per month, while those in other provinces must have an income of 5 million dong.
- Current employment contract must have at least 12 months remaining.
5. Personal loan from VP Bank
- Loan interest rate: 28%
- Principal amount: 50,000,000
- Interest: 15,866,197
- Total repayment: 65,866,197
- Minimum income required in HCM, HN: 4,500,000
- Maximum loan term: 5 years
- Loan approval time: 3 - 5 days
* Loan eligibility:
- Customers must be Vietnamese citizens aged between 22 and 55 for females and between 22 and 60 for males.
- Must have permanent residency or KT3 in the business area.
- Minimum income must be 4.5 million/month.
6. Personal loan from FE Credit Bank
- Loan interest rate: 31.5%
- Principal amount: 50,000,000
- Interest: 18,025,407
- Total repayment: 68,025,407
- Minimum income required in HCM, HN: 4,000,000
- Maximum loan term: 3 years
- Loan approval time: Same day
* Loan eligibility:
- Customers must be Vietnamese citizens with the following age range: females from 20 to 55 years old and males from 22 to 58 years old.
- Must have a stable income source of at least 4 million/month.
- Must have a household registration book/KT3.
When comparing personal loans from various banks like Techcombank, ACB, Maritime Bank, FE Credit, VP Bank..., we find that Citi Bank and Techcombank offer the lowest interest rate at 18%, while FE Credit has the highest interest rate at 31.5%. However, FE Credit offers relatively favorable loan conditions, requiring customers to have a minimum income of 4 million/month and offering same-day loan approval, whereas other banks have approval times ranging from 2 to 7 days and require a minimum income of at least 4.5 million dong/month.
Therefore, through comparing personal loans at banks, you have learned the advantages and disadvantages of each bank, which bank offers the lowest and highest interest rates, as well as which bank has the fastest loan approval time. If you want to borrow quickly, you can choose FE Credit, but you have to accept the high interest rate. Conversely, if you prefer a low interest rate, you can borrow from Techcombank, but the bank takes 2 days to approve your loan application.
Hopefully, with the comparison of personal loans at these banks, you have a comprehensive overview of the services, interest rates, and can choose a bank to apply for a personal loan.
Operating in the field of personal loans with various products and attractive interest rate packages, Mcredit is currently attracting a lot of attention from users. So, what is Mcredit bank? Should you borrow money from Mcredit? Let's find out in this article from Mytour.
Mcredit
