Fees, conditions and documents for used car


1. Fee schedule

1.1 Fee (collected by VIB)

Loan appraisal fee Free
Collateral valuation fee Subject to VIB AMC tariff:
  • Car value < VND 1 bio: VND 800,000
  • Car value VND 1-5 bio: VND 1,100,000
  • Car value VND 5-10 bio: VND 1,800,000
  • Car value ≥ VND 10: Negotiable
SMS fee Free
Early prepayment fee Partial: Minimum VND 300,000 VND once
Full: Minimum VND 1,500,000 VND per loan

1.2 Fee (collected by third-party)

Registration fee From 10% of Car value
Plate registration fee From VND 1,000,000
Certificate of registry fee From VND 340,000
Secured Transaction Registration Fee VND 80,000
Car insurance From 1.2% of Car value

2. Requirement and documents

2.1 Individual

Nationality Vietnamese or Vietnamese whose spouse is Foreigner
Age From 18 and not exceed 70 at loan maturity
Residential/working address Provinces/cities where VIB branches/transaction offices locate
Salaried income Minimum 03 months working at current employer. Labor contract tenor is 12 months at minimum
Rental income Under ownership and stable income for at least 06 months
Business/household income Minimum 02 years in operation
Minimum income VND 10 mil per month
Credit history No bad debt record in last 02 years

2.2 Micro SME

Type Established in Vietnam and Revenue/Total Asset less than VND 30 bio
Business address Provinces/cities where VIB branches/transaction offices locate
Established Minimum 02 years in operation
Financial Profitable
Credit history No bad debt record in last 02 years

2.3 Document check-list

  • Identity document: ID/Passport and Household registration book
  • Income document:
    • Labor contract và Bank statement/ Payslip
    • Property ownership certificates
    • Business License
  • Loan purpose document: Car Sales & Purchase contract
Micro SME
  • Personal:
    • Business License; Charter
    • ID/Passport of the legal representative, CEO/Director; CFO/ Chief Accountant
  • Income: Balance report; VAT declarations
  • Loan purpose: Car Sales & Purchase contract

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