Mortgage

Product Type

Home Loan: up to 80% of market value, up to 20 years

Ready Property (first/resale)
Under-construction Property (first/resale) for approved developers

Loan Against Property: up to 50% of market value, up to 10 years

Loan to cover personal requirements like renovation, extension, construction, durable purchase, education and other personal requirement.

Alternative Property: up to 60% of market value, up to 20 years

Already owned Ready Property mortgaged for purchase of under-construction Property.

Criteria

Age

Minimum age: 21 years old
Maximum age at loan maturity: 55/60 (female/male) for salaried. 65 for Self-employed
Relationship between Main & Co-Borrower must be Immediate Family

Income

Minimum net income is VND 10mio (USD 570) for salaried, VND 20mio (USD 1,140) for self-employed
At least 1 year of working period for salaried and 3 years for self-employed

Interest Rate

Customer may choose up front the re-pricing cycle as 1 or 3 or 6 or 12-months
"Interest Only" - "Pre EMI" up to max 3 years (Under-construction Property)

Loan Size & Tenor

Loan Size: VND 200Mio to VND 5Bio
Age of Property not to exceed 20 years
Tenor: min 3 years

Insurance Coverage

Fire Insurance would be bought by SCB (FREE for customer) covering 100% of the Loan Outstanding
If Customer wants to buy additional property insurance, s/he must notify SCB immediately

Tariff

Valuation Fee	VND 3,800,000
Registration Secured Transaction Fee	VND 80,000
Legal Fee	3rd party actual fee to be charged
Late Payment Penalty	VND 150K per time when payment delay more than 3 days
Late Payment Interest	150% due levied on Principal outstanding on the daily basis
Part prepayment	Allowed at no additional charge
Early termination fee	Full Prepayment charges of 2% on the loan balance outstanding as of that month including all part prepayments in preceding 12 months

General Required Documentation

Salaried Customer

Copy of National ID Card/Passport (for Vietkieu or Foreigner only)
Copy of valid work permit/Visa
Copy of Permanent Resident Book/KT3/HK09
Copy of Marital Status Certificate/Single Certificate or Divorce Certificate or Death Certificate of Spouse
Copy of Property Ownership or related valid documents to Property which is used as Collateral
Copy of Purchase Agreement, Reservation Agreement, ... together with related payment invoice/receipt (if any)
Evidence on Loan Purpose (e.g. construction license for renovation/extension, purchase contract for home loan)
3-month of the latest pay slips or bank statement signed and authorized stamp by the pre-approved employer.
Evidence of employment for salaried

Self-employed Customer

Copy of National ID Card/Passport (for Vietkieu and Foreigner only)
Copy of valid work permit/Visa
Copy of Permanent Resident Book/KT3/HK09
Copy of Marital Status Certificate/Single Certificate or Divorce Certificate or Death Certificate of spouse
Certified true copy of FD and 6-month bank statement
Copy of Business License
Copy of Property Ownership or related valid documents to Property which is used as Collateral
Copy of Purchase Agreement, Reservation Agreement, ... together with related payment invoice/receipt (if any)
Evidence on Loan Purpose (e.g. construction license for renovation/extension, purchase contract for home loan)
Evidence to show Length of relationship with the existing bank is more than 6-month and 1-year for PB and Non-PB respectively
Proof of other income (if any), e.g. car rental, warehouse rental
In case of joint account, provable document to show both must sign

Standard Chartered Bank (Vietnam) Limited ("the Bank") will give you an initial response on your loan application within 30 days from the date that the Bank receives your completed and valid required documents