Buzz
In this article, Mytour will update and share the borrowing procedures from BIDV Bank, including loans for purchasing cars and houses, for your convenience.
BIDV also accepts salary statement procedures for borrowing money from the bank.
I. Procedures for obtaining a home loan from BIDV Bank
BIDV's home loan package meets the needs of individuals seeking to purchase a home or land for settlement and career development. Besides in-person registration, you can also apply for loans online from BIDV, which is both convenient and quick without visiting a branch.
1. Advantages of BIDV's home loan package
- Enthusiastic and professional advisory staff.
- Simple documentation and procedures for home loans from BIDV Bank.
- Interest calculated on reducing balance.
- Loan limit of up to 100% of the house purchase contract value or 75% of the collateral asset value.
- Loan term of up to 20 years.
- Preferential interest rates for loans from BIDV Bank.
2. Procedures for obtaining a home loan from BIDV Bank
- Personal documents such as ID card/driver's license/passport photocopy, household registration book/KT3 photocopy, single certificate/marriage registration certificate ...
- Documents proving the purpose of capital use: Purchase contract, loan request form according to BIDV Bank's template, payment deposit receipts, ownership certificate and legal documents of the intended property ...
- Documents proving income for debt repayment: Labor contract, salary statement, stamped salary confirmation if receiving salary through bank account ...
II. Procedures for obtaining a car loan from BIDV Bank
1. Advantages of BIDV's car loan package
- Simple installment purchase procedures for cars.
- Maximum loan term up to 7 years.
- Large loan limits
- Numerous advantageous interest rates for borrowing money from BIDV Bank
2. Documents and procedures for borrowing money from BIDV Bank to buy a car
Buying a car includes two types of loans: business vehicle loans and consumer vehicle loans. Each of these small packages will have different procedures.
* Procedures for borrowing money for consumer vehicle purchase from BIDV Bank
- Photocopy of ID card/driver's license, household registration book
- Copy of single certificate/marriage registration certificate
- Original car purchase and deposit receipt
- Documents related to real estate, savings passbook, ownership certificate of stocks/other valuable securities
- Other relevant documents
* Procedures for borrowing money for business vehicle purchase from BIDV Bank
- Business registration certificate, seal certification, tax code registration copy
- Copy of ID card/driver's license of director, chief accountant, appointment decision of chief accountant (if any)
- Latest 1-year financial report
- Copy of some recent input and output invoices
- Capital contribution minutes
- Original car purchase contract, copy of deposit receipt for car purchase
III. Conditions for borrowing money from BIDV Bank
To qualify for a loan from BIDV, you need to meet the following additional conditions
- Clean credit history, no bad debts or overdue debts at any credit institution or bank. If you have a history of bad debts, disbursing the loan will be difficult.
- Financial capability: To borrow money to buy a car or house from BIDV, you need to have a job, stable income, at least 10 million VND/month. According to experts, your finances should account for at least 30 - 40% of the value of the land plot or house you want to buy, so that when you borrow, you won't fall into a situation of increasing debt.
Contact the BIDV hotline for further advice, the BIDV hotline number is 1900.9247
Refer to the borrowing procedures of other banks for more information:
- Borrow money from Vietinbank
- Borrow money from VPBank
BIDV - Vietnam Investment and Development Joint Stock Commercial Bank is a reputable bank in Vietnam, familiar to all Vietnamese people. Moreover, BIDV's loan interest rates and deposit interest rates are competitive, so many people choose BIDV for savings and borrowing. Let's explore the procedures and requirements to borrow money from BIDV Bank more easily and quickly.
