INTRODUCE

Unsecured loan product for employees who are working at companies in the top VNR500 in the last year or Korean companies in Vietnam, who need unsecured loans for personal consumption purposes.

EXCLUSIVE BENEFITS

  • Interest rate from 14% p.a
  • Loan period up to 5 years
  • Limit up to 500 million VND

PRODUCT DETAILS

  • 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

Interest rate = Base rate + Margin

  • Basic interest rate: Average interest rate for 6-month term deposits of state-owned banks (STIME)
  • Margin: from 9% ~ 19% depending on the credit scoring of each customer

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
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,…