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BANKING AND LOAN FILES
The file for a loan secured on property in Gia Lai
A secured-loan file has four parts: personal legal documents, evidence of repayment capacity, the capital use plan, and the collateral documents. Sao Việt prepares the file; the bank decides.
What a secured loan file is
A vay thế chấp (a secured loan) is a loan backed by collateral. The borrower offers their land use right or home ownership right as security, and the certificate that proves it is commonly called a sổ đỏ or a sổ hồng.
Tư Vấn Sao Việt is not a credit institution. What we do is prepare, standardise and follow the file until the bank has finished with it. The decision to lend, the conditions and the timing belong to the bank.
This article is about the file: which documents are needed, which ones are usually missing, and what can be checked before it is submitted.
The documents to prepare
A secured loan file usually falls into four groups.
Personal legal documents: a valid CCCD (the Vietnamese citizen identity card) or passport; the giấy xác nhận thông tin cư trú (the residence information confirmation); and a marriage certificate or a certificate of single status.
Evidence of repayment capacity: an employment contract and salary statements for an employee; lease agreements or revenue records for a hộ kinh doanh (a household business); financial statements, tax returns and bank statements for a company.
The phương án sử dụng vốn (the capital use plan): a sale contract, a repair estimate or a business plan, according to the purpose of the loan.
The collateral documents: the certificate of land use rights and ownership of housing and other assets attached to the land, in the name of the borrower or of whoever agrees to put up their asset as security.
Every bank has its own forms and may ask for more. The list above is the common part; it does not replace the list of documents the bank gives for a particular case.
Checking CIC before you file
CIC is the Trung tâm Thông tin tín dụng quốc gia Việt Nam (the National Credit Information Centre of Vietnam). A borrower's credit history is held there, and every bank looks it up before it considers a file.
We check CIC at the first meeting. If the credit history shows the file is unlikely to be considered, we say so straight away rather than taking it on and leaving the client waiting.
This is also why filing in several places at once is a bad idea: every search leaves a trace on the credit record.
The conditions and the numbers belong to the bank
We do not publish lending conditions, and that is deliberate. The approval criteria, the proportion lent against the value of the asset, the term and the cost of the money are set by each bank, and they change from period to period and from file to file.
A number published here today may no longer hold on the day the client walks in, and the client would then arrive with the wrong expectation. That information has to come from the bank, at the moment of filing.
What we control is the file: complete, on the right forms, consistent between documents, at the first submission.
How the collateral is appraised
Once the file is accepted, the bank appraises two things: the borrower's capacity to repay, and the collateral.
The asset is valued by the bank or by a valuation firm the bank appoints. The valuation belongs to the appraiser, not to the borrower and not to us.
Our part at this stage is to have every document about the asset ready, to arrange the site visit, and to answer the questions the appraiser raises.
What Tư Vấn Sao Việt does
We take in the request, check CIC, go through the documents you already have and identify the ones still missing. We then draft, order and standardise the file on the forms the bank actually requires, and follow it through intake, appraisal and processing.
Clients anywhere in Gia Lai province do not have to travel repeatedly: we collect and deliver the file where you are.
Call 0917 097 906, Zalo on the same number, to have your file reviewed before it goes in.
The process
- Intake and advice We listen to the need, the intended use of the funds and the state of the asset you plan to offer as security.
- CIC credit history check Looked up before anything else, so we know whether the file can realistically be considered.
- Reviewing and preparing the file Drafting, checking and ordering the four groups of documents on the forms the bank requires.
- Filing and following the appraisal We stay with the file while the bank assesses repayment capacity and values the collateral.
- Following the file to the end Supplying further documents when the bank asks, and following the file through to the bank releasing the funds.
Frequently asked questions
Is Tư Vấn Sao Việt the lender?
No. We prepare the file and follow it. The decision, the conditions and the timing belong to the bank, not to us.
Why does this page not give conditions or costs?
Because those figures are set by each bank and change from period to period and from file to file. Publishing one here would give the client an expectation we have no right to guarantee.
What if my CIC credit history is poor?
We check CIC before starting. If the file is unlikely to be considered we say so straight away, instead of taking it on and leaving you waiting.
How long does it take?
It depends on the bank and on the file, so we do not promise a number. What we control is a complete file, on the right forms, at the first submission.
What about a social housing apartment that already has its sổ hồng?
That is a case of its own, with extra documents and extra conditions set by the bank.
Related services
- Bank loan application service
- Full-service accounting
- Household business registration
- Company formation