Unsecured loan for salaried employees with the purpose of personal consumption
EXCLUSIVE BENEFITS
- Interest rate from 13%/year
- Loan period up to 5 years
- Limit up to 500 million VND
PRODUCT DETAILS
Who can apply
- Vietnamese nationality from 18 to 60 years old
- People residing in the area where Woori Bank branch is located or neighboring province/city
- Labor contract of at least 01 year, working at the current organization for 6 months or more, participating in social insurance
- Income from 5 million VND/month, receive monthly salary by bank transfer
- Credit rating from 1 ~ 6 according to the credit rating model of Woori Bank
- Customers are automatically approved on personal credit rating system
- No bad debt at the time of loan
Loan interest rate
Interest rate = Base rate + Margin
- Basic interest rate: Average interest rate for 6-month term deposits of state-owned banks (STIME)
- Margin: from 9% ~ 20% depending on the credit rating of Woori Bank:
Discount up to 1.0%/year when:
- Register and activate credit card before disbursement: 0.2% reduction/year
- Have Happy Salary account: 0.2% reduction/year
- Buy credit insurance: 0.3% reduction/year
- Have term deposit products (minimum balance of VND 20 million with minimum deposit term of 12 months): 0.3% reduction/year
Loan period
6/12/24/36/48/60 months
PAYMENT METHODS
Payment by reducing balance
- Principal amount: divided equally monthly
- Interest amount: calculated according to actual outstanding balance
Eligible to pay off before due date
REQUIRED DOCUMENTS
- ID card, household registration
- Documents proving income: Labor contract; Work confirmation; Salary account statement
- Documents related to the purpose of capital use: Purchase and sale contract; Receipt; Delivery records,…