Instructions for reputable TPBank mortgage loans with interest rates from only 5%/year

TPBank is currently providing a variety of mortgage loan products with extremely attractive interest rates for customers to choose from. So conditions, procedures and processes TPBank mortgage loan how? Find out more details with Banktop right in the article below.


What is TPBank mortgage loan?


What is TPBank mortgage loan?
What is TPBank mortgage loan?

TPBank mortgage loan is a product of Tien Phong Commercial Joint Stock Bank (TPBank). This is the bank's solution to support customers and requires collateral such as pink book, red book, savings book, car, etc. to serve personal spending purposes such as buying a house or buying a house. car, business…


Depending on the value of the collateral, credit history and loan appraisal process, TPBank will consider and approve the mortgage loan limit of customers. When taking a mortgage at TPBank, the bank will only keep documents related to the collateral, the borrower can still use the collateral normally.


If the customer is unable to repay the loan, the collateral will be owned by the bank for the bank to liquidate. At TPBank, customers can get a mortgage up to 85% of their loan needs and have a flexible loan term of up to 20 years.


Which TPBank mortgage loan products are there?


In order to meet the borrowing purposes of customers, TPBank is currently providing customers with a variety of loan products. Here is some information about TPBank mortgage loan products that you can refer to:


Borrow to buy a house, build and repair a house


Loan package for customers who need to buy or build a house. TPBank also supports customers to borrow to buy houses for relatives, specifically as follows:



  • Loan limit: Up to 85% of customers' borrowing needs.

  • Loan term: Up to 20 years.

  • TPBank is currently cooperating with more than 60 real estate projects and bringing many benefits to customers.

  • Browse profiles quickly in just 24 working hours.


Car loan


Loan package for customers wishing to buy cars, trucks, passenger cars. Specific information is as follows:



  • Loan limit: Up to 75% of car value.

  • Loan term: Flexible up to 7 years.

  • Debt repayment method: Paying principal and interest monthly.

  • Browse profiles quickly in just 8 working hours.


Mortgage consumer loan


The loan package is applied to individuals who need to borrow money to carry out consumption purposes such as shopping for furniture, home appliances, travel, weddings.... Features of the loan package are as follows:



  • Loan limit: Flexible according to collateral and up to 100% of total demand.

  • Collateral: is your house, your car, or your loved one.

  • Disbursement method: One time or many times according to the actual payment schedule.


Business loan


The loan package is applicable to customers wishing to start a business or expand a business. Features of the loan package:



  • Loan limit: Up to 85% of customers' borrowing needs.

  • Disbursement method: One time or depending on the loan plan.

  • Accept a variety of mortgages owned by customers or guaranteed by relatives.


Start-up loan


Loan package for customers who are in need of loans to implement business plans. Features of the loan package:



  • Loan limit: Up to 1 billion VND.

  • Loan term: Flexible up to 10 years.

  • The procedure is simple and the application is processed quickly within 24 hours.


Mortgage overdraft loan


Apply to customers who need loans for unexpected spending or loans for backup. Features of the loan package:



  • Loan limit: Up to 500 million VND.

  • Loan period: 48 months.

  • Interest is calculated only on the amount and number of days used.

  • Customers can use capital flexibly according to actual needs.

  • Can withdraw money or deposit flexibly.


Mortgage of valuable papers


Applicable to customers who have savings books and have urgent needs for money while the due date has not yet been reached. Features of the loan package:



  • Loan limit: Up to 95% of savings book value, unlimited maximum loan amount.

  • Collateral: Customer's savings book.

  • Use capital flexibly depending on the needs of customers.


Borrow with savings book


Customers have savings books and have urgent needs for money when the due date is not yet reached. Features of the loan package:



  • Loan limit: Up to 1 billion VND.

  • Advance limit: up to 80% of savings book value.

  • Interest is calculated on the amount the customer withdraws from the granted limit.


Used car loan


Loan package for customers who want to buy used cars, commuter cars, passenger cars, trucks. Features of the loan package:



  • Loan limit: Up to 75% of car value.

  • Loan term: Flexible up to 72 months.

  • Flexible loan repayment with monthly principal and interest installments

  • Quick application approval time, only in 8 working hours.


Interest rate when taking out a mortgage at TPBank


Interest rate when taking out a mortgage at TPBank
Interest rate when taking out a mortgage at TPBank

Mortgage interest rates at TPBank are fluctuating between 5% and 8.9%/year. It is assessed as a reasonable interest rate and favorable conditions for borrowers. Below are the interest rates of some TPBank mortgage products that you can refer to.

























Mortgage loan productsPreferential interest rate
Borrow to buy a house, build and repair a housefrom only 7%/year
Car loanfrom only 7.79%/year
Mortgage consumer loanfrom only 8.9%/year
Used car loan5 years

TPBank mortgage loan conditions and documents


Condition



  • Customers are Vietnamese citizens, aged from 18 to under 70 years old by the time of maturity.

  • Have a legitimate purpose of using loan capital.

  • Have a stable income.

  • Having legal collateral of the sponsoring individual or relatives.

  • No bad debt, overdue debt at the time of borrowing.


Loan profile



  • Loan application documents according to TPBank's form.

  • ID card/CCCD, household registration book, KT3, temporary residence certificate, Certificate of singleness/Marriage registration...

  • Proof of income: salary statement, payroll, book of income from business activities...

  • Documents proving legal ownership of mortgaged property.

  • Other papers as prescribed by TPBank.


TPBank mortgage loan process


TPBank mortgage loan process
TPBank mortgage loan process

When applying for a mortgage at TPBank, customers will go through the following 5 steps:


Step 1: Sign up for a limit


When customers need mortgage loans at TPBank, they will discuss with bank staff about their loan needs and receive advice on suitable loan products. After that, customers will register loan information (loan limit, time), bank staff ask customers to provide documents to prepare for the corresponding loan.


Step 2: Sign the loan application


Customers prepare complete documents and then fill in the loan application information declaration form. Check the correct information, then sign and return the documents to the bank staff.


Step 3: Appraisal of documents and collateral


After receiving the application, the bank staff conducts appraisal of the application and collateral to make a decision whether the customer's profile can meet the previous loan or not.


Step 4: Sign the loan contract


If the application is approved, the two parties sign a loan contract. Note that you need to carefully read the terms of the contract before signing, if you have any questions, please ask the bank staff to answer them immediately.


Step 5: Disbursement


Finally, after signing the contract successfully, the bank will disburse to the customer in the form of cash or account depending on the needs of the customer.


Notes when taking a mortgage loan from TPBank


TPBank is considered as a bank with quite simple loan procedures and processes, however, when taking out a mortgage loan from TPBank, customers should also note a few things as follows:



  • To ensure a quick loan process, please strictly follow the procedures and documents that the bank staff has asked to prepare.

  • Provide complete and accurate personal information and related people to facilitate the process of application appraisal and approval.

  • Carefully read the loan information written in the contract such as limit, term, interest rate, related fees... to avoid risks or questions during the loan process.


FAQ – Some frequently asked questions when applying for TPBank mortgage


What fees do TPBank need to pay for mortgage loans?


When taking a mortgage at TPBank, customers need to pay a number of fees such as: Real estate valuation fee (if done by a third real estate valuation company), Notary fee and registration of secured transactions. prescribed by state.


If using TPBank's secured overdraft limit, how is interest calculated?


If the customer uses a secured overdraft limit, the monthly interest will be calculated on the actual limit and the actual number of days used by the customer.


Example: Customer is granted a limit of 100 million VND, but only uses 20 million within 10 days. At that time, customers will only be charged interest on the amount of 20 million within 10 days. This interest will be entered into the principal and negative overdraft account of the customer.


Is there any early repayment fee when paying the loan early?


If the customer pays the loan early before the deadline specified in the contract, he will have to pay an early repayment fee according to TPBank's regulations, specifically as follows: Early repayment fee = Payment fee rate prepayment * Prepayment amount.


Conclusion


Above is all information about the package TPBank mortgage loan updated to the latest in 2022 that Banktop has shared with you. Hopefully the article will help you better understand this loan package and choose the right loan product to serve your needs and upcoming plans.


The article was edited by: Banktop.vn


 


































































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