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  • Real estate advance payment guarantee

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Real estate advance payment guarantee

Benefits

Complying with legal regulations on real estate business.

 VIB on behalf of the project owner to repay to the house buyer the advance amount if the project owner does not hand over the house according to the committed schedule.

Protect the rights of house buyers in appraising the projects, business capabilities and project liquidity.

Features
Customer

Corporate customers are the real estate project owners

Condition

- The real estate projects have been eligible for sale in accordance with the law.
- Collateral is the real estate projects or other assets accepted by VIB.

Loan to value

Guarantee amount up to 70% value of the house contract

Tenor

Guarantee period is valid until at least 30 days after the expected handover of the house.