BIDV's Auto loan product serves clients' capital needs for buying cars for personal or business purposes.
Highlighted features
Loan tenor: up to 7 years.
Loan interest rate: Competitive interest rate, interest calculated reducing balance
Loan amount: up to 100% of car value
Simple and convenient procedures.
Preferential interest rates and discounts on related charges under BIDV’s promotions periodically.
Expert advice
Process
Step 1: Contact BIDV, register information about credit needs (through BIDV's Branches/Transaction Offices/Hotline/Website). Complete and provide loan documents in accordance with BIDV's instructions.
Step 2: After receiving the loan application, BIDV will appraise the credit application and notify the results to customers within the prescribed time.
Step 3: Sign the documents/contracts, complete the relevant procedures (such as collateral notarization, collateral registration (if any))
Step 4: Loan disbursement/Guarantee issuance
Step 5: Coordinate with the bank to carry out required work after the loan is disbursed (pay the loan in full, use the loan for the right purposes, collateral revaluation (if any), etc.)
- Processing time: Up to 03 working days from the date of receipt of customer's complete application
* Note:
(i) The maximum processing time of 01 transaction is counted from the time BIDV receives all valid applications/documents from the customer, excluding the time to carry out registration procedures of collateral transactions in accordance with the law.
(ii) The above period applies to loans under the credit approval authority of BIDV's branch.
(iii) Other exceptional cases (if any) are to comply with BIDV's regulations in each period.
Application requirements
Loan application form
Valid Identity Card/Passport, Permanent/Temporary Residence Certificate
Documents regarding the vehicle: sales contract, invoices, etc.
Proof of income: employment contracts, Pay slips, etc.
Documents related to collateral.
Other related documents (if any)
Kindly contact BIDV's Private Bankers at Private Banking Center/ BIDV's Premier Relationship Managers for support and more information at our branches support for more information.
