Top 10 Banks Offering the Best Home Loan Services

Shinhan Vietnam, officially known as Shinhan Vietnam Bank, is a subsidiary of Shinhan Financial Group from South Korea, established in Vietnam since 1993. It is a fully foreign-owned bank with 43 branches and transaction offices across the country.

After more than 30 years of operation, Shinhan Bank has earned numerous prestigious awards both domestically and internationally, solidifying its position in Vietnam's banking sector. Offering a wide range of products and services, Shinhan strives to provide outstanding experiences for both individual and business customers.

Details of Shinhan's Home Loan Products:

• Competitive interest rates
• Loan-to-value ratio up to 70% of the property value
• Long loan terms of up to 30 years
• Interest rate: 8.5% per year for the first 12 months

Vietnam Joint Stock Commercial Bank for Investment and Development, commonly known as BIDV, is the oldest commercial bank in Vietnam with a long history of providing comprehensive modern banking products and services. With 190 branches and 871 transaction offices nationwide, BIDV ensures to deliver top-quality services and takes full responsibility for all products offered.

BIDV's home loan product supports customers in purchasing homes, land, building new homes, or renovating existing ones with competitive benefits and favorable conditions. It is designed to help customers secure their dream home by offering attractive credit packages for home financing.

Key Features of BIDV's Home Loan Products:

• Competitive interest rates based on the current credit package
• Loan term up to 30 years
• Financing up to 100% of the property value based on the purchase/sale contract or loan proposal
• Flexible repayment options (monthly, quarterly, semi-annually, or annually)
• Additional interest rate reduction when applying through the BIDV Home app or using other BIDV services
• Interest rate: 8.8% per year for the first 12 months

Sacombank, officially known as Saigon Thuong Tin Commercial Bank, is one of Vietnam's leading modern and versatile retail banks. Sacombank is committed to optimizing comprehensive, modern, and multi-functional financial solutions for its customers. Quality service is a core principle upheld by every team member at Sacombank in their customer and partner interactions. Moreover, Sacombank continues to innovate and tackle challenges to maintain its ongoing success.

Home loans are one of Sacombank's flagship consumer loan products, offering significant benefits to customers. You can purchase a home with favorable financing terms, long loan durations, and the option to use linked project apartments as collateral. Sacombank also partners with numerous major real estate companies nationwide, helping customers choose suitable properties with ease.

Key Features of Sacombank's Home Loan Products:

• Up to 100% financing for purchasing homes, land, or apartments, or for repurchasing real estate payments
• Loan term of up to 30 years for home purchases and real estate transactions, and up to 15 years for tax financing (property transfer, registration, etc.)
• Acceptable collateral includes rights arising from real estate purchase/sale contracts or property transfer
• Option to pledge the purchased property or other assets as collateral
• Payment rights are secured with an intermediary payment service
• Flexible disbursement, with funds available before the mortgage process is completed
• Interest rate: 8.8% per year for the first 12 months

Vietnam Military Bank - MBBank is one of Vietnam's major banks with an extensive network nationwide, including branches in Laos, Cambodia, and over 600 global banking partners. MB is one of the few banks with experience in providing Trade Finance services to financial institutions both in Vietnam and abroad. With nearly 30 years of credibility, MB leverages all its resources to deliver the best Trade Finance products and services to its customers.

MB’s home loan, construction, and renovation loan products assist customers in achieving their dream homes with family. These loans come with simple conditions and minimal paperwork, making it easier for you to turn your dream into reality today.

Details of MB's Home Loan Product:

• Loan term: Up to 240 months
• Loan-to-value ratio: 80%
• Collateral: Property developed using the loan or independent collateral such as land use rights, homes, apartments, or agricultural land
• Disbursement method: Escrow or direct payment to the seller
• Loan disbursement method: Disbursement per installment
• Eligible borrowers: The customer or their parents/children
• Interest rate: 8.9% per year for the first 12 months

Asia Commercial Bank, commonly known as ACB, is one of the leading joint-stock commercial banks in Vietnam. With a wide network of branches and transaction offices across 49 out of the 63 provinces, and more than 13,000 employees, ACB offers a diverse range of banking products and services. It is a versatile bank, operating in many sectors, each having its own specific market position.

The home loan service from Asia Commercial Bank (ACB) is a credit product designed to help customers obtain financing for purchasing homes, apartments, or residential land. This product stands out due to its favorable disbursement process, interest rates, and flexible repayment options. If you have a stable income and can manage the loan repayments, and if you have collateral (which could be the property you're purchasing), ACB can help you achieve your home ownership goals.

Details of ACB’s Home Loan Product:

• Loan term: Up to 25 years
• Grace period for principal repayment: Up to 1 year
• Flexible repayment options:
  • Monthly interest payments
  • Principal repayment monthly or ≤ every 6 months, either in equal installments or escalating installments (10-20% per year) or according to the customer's cash flow
• Disbursement: Single or multiple payments based on actual payment progress
• Interest rate: 9.5% per year for the first 12 months

Vietnam Prosperity Bank - VPBank is one of the earliest-established joint-stock commercial banks in Vietnam, with a solid growth history throughout its operations. VPBank strives to deliver maximum benefits to customers, with a strong focus on employees' welfare, shareholder interests, and fostering a strong corporate culture while contributing positively to community development.

VPBank's home loan service offers a chance to own your dream home, with a simple and fast application process. This loan product is unique in that it supports home purchases with and without ownership papers, including properties in newly developed urban areas or condominiums that may not yet have full ownership documentation.

Details of VPBank’s Home Loan Product:

• Up to 100% of the required capital, with a maximum loan of 75% of the property value, up to 20 billion VND
• Loan term: 25 to 35 years, depending on the project
• Repayment to the property seller can be completed within 12 months from the date of title issuance
• Special interest rate starting at just 10%
• Financing up to 100% of the property value
• Simple financial documentation
• Flexible income verification policies for all customers
• Interest rate: 10% per year for the first 12 months

Vietnam Technological and Commercial Joint Stock Bank - Techcombank was established in 1993 with an initial capital of 20 billion VND. Techcombank has received numerous awards from both domestic and international financial and banking organizations and is regarded as one of the most reputable banks in Vietnam.

Techcombank is committed to continual innovation and growth, creating opportunities for customers, partners, and employees to realize their dreams in their own way. Its home loan services empower clients to seize the chance to own their dream homes, build a family, and create a sustainable future, all while offering highly competitive interest rates.

Details of Techcombank's Home Loan Product:

• Competitive interest rates
• Prepayment fee ranges from 0.5% to 1% per year, free from the 6th year onwards
• Interest rate reduction of up to 1.2% per year during the floating interest phase, based on customer groups
• Techcombank can provide financing for the customer’s deposit transaction
• Diverse and flexible disbursement methods
• Long loan terms of up to 35 years, with no age limit for borrowers
• Interest rate: 10.5% per year for the first 12 months

Orient Commercial Bank - OCB was founded in 1996 and is now one of the leading private banks in Vietnam, known for its rapid growth and efficient operations. OCB has been a pioneer in digital transformation and places great emphasis on strengthening its risk management systems in line with international standards.

The home loan service offered by OCB is a financial product designed to help customers quickly fulfill their dreams of purchasing, constructing, or renovating their homes, with attractive loan packages and flexible lending terms.

Details of OCB's Home Loan Product:

• Loan term up to 360 months
• Maximum principal deferral of 60 months
• Up to 100% financing available. For properties with ownership certificates, loan can cover up to 80% of the property value
• Flexible repayment options: Monthly interest on reducing balance. Principal can be paid equally or through a graduated schedule monthly/quarterly
• Interest rate: 7.5% per year for the first 12 months

Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank) was established in 1963, originally as the Foreign Exchange Department. Vietcombank was the first state-owned bank selected by the government for privatization. After over 50 years of growth, it is now one of the largest commercial banks in Vietnam, with a workforce of over 22,000 employees and more than 600 branches, transaction offices, representative offices, and subsidiaries both domestically and internationally.

Vietcombank offers real estate loan products for individual customers to help solve important issues such as buying land or property when savings are insufficient or funding construction/renovation projects. Its home loan services are highly rated for their flexible payment options, quick processing times, and competitive loan terms.

Details of Vietcombank's Home Loan Products:

• 100% of the value of the property purchase or land transfer agreement.
• Repayment period of up to 30 years.
• Flexible principal repayment based on actual income, with repayment intervals not exceeding 3 months.
• Fast and convenient loan approval process.
• Competitive interest rates that decrease as the outstanding loan balance reduces.
• Real-time loan management through VCB-iBanking or VCB-SMSBanking services.
• Interest rate: 7.7% per year for the first 12 months.

Vietnam International Bank, or VIB, was founded in 1996 and is headquartered in Hanoi. After 27 years of development, VIB has achieved remarkable growth and is now one of the top banks in terms of retail banking and profitability, holding a strong market share in key sectors.

As of June 30, 2023, VIB's charter capital is 25.368 trillion VND, with equity exceeding 33.834 trillion VND and total assets nearing 383 trillion VND. The bank employs more than 11,000 staff members and serves over 4.5 million customers across 179 branches and transaction offices in 28 key provinces and cities nationwide.

VIB's home loan service is one of its most popular consumer loan products. Customers can borrow up to 90% of their financing needs, with terms of up to 30 years. Additionally, VIB offers flexible repayment options to suit customer needs. Throughout its years of operation, VIB has been committed to delivering exceptional solutions while also fostering a productive work culture, entrepreneurial spirit, and an open work environment for its employees.

VIB's Home Loan Product Details:

• Up to 90% of financing needs
• Loan term up to 30 years
• Repayment options: Principal repayment: Monthly/Quarterly/Semi-annually, Interest repayment: Monthly
• Secured assets: Real estate, negotiable securities
• Interest rate: 8.3% per year for the first 12 months