Woori Bank provides financial solutions for master plans with We Home Loan product. The mortgage loan product is Real Estate (according to the certificate of land use rights, ownership of houses and other assets attached to land – Pink book/Red book) to meet the loan demand for personal consumption.
EXCLUSIVE BENEFITS
- Interest rate from 8.5%/year
- Loan period up to 30 years
- Maximum limit of 80% of collateral value
PRODUCT DETAILS
Who can apply
- Individuals who are residents aged 18~70 years old
- Have a stable income of 8,000,000 VND/month or more
- People residing in the area where Woori Bank branch is located or neighboring province/city
- Working at the current workplace (with 10 or more full-time employees) for more than 6 months from the time of loan application (In case of a business household or business owner, it must be 24 months minimum)
- Customers are automatically approved on personal credit rating system
- No bad debt at the time of loan application
Loan interest rate
Customer can choose either a fixed interest rate for the first year or a floating interest rate:
- Fixed interest rate for the first year: From 8.5%/year
- Fixed interest rate for the first 2 years: From 9.5%/year
- Fixed interest rate for the first 3 years: 9.8%/year
- Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 3.8%
Loan period
06 months ~ 360 months
REQUIRED DOCUMENTS
- ID card, household registration
- Proof of income
- Records related to the purpose of using capital and collateral
- Other documents
COLLATERAL CONDITIONS
Acceptable collateral is Real Estate (according to the certificate of land use rights, ownership of houses and other land-attached assets – Pink book/red book) legally owned by the borrower or the relatives.