Will I need to pay an Early Termination Fee if I end my contract early?
Yes. Be sure to check your terms and conditions as each financier will have varying penalties for early termination of a loan contract.
What is the eligible age for Car Loan?
If your age id between 18 to 75 years , then you are eligible for Car loan.
What are the costs associated with availing of a Personal Loan?
As a Personal Loan customer, you won’t pay any fee except for personal loan insurance fee that will be deducted from the loan amount disbursed.
Is the interest rate negotiable?
In principal, you can do it. In fact, you can negotiate with customer relationship officer to have a lower rate that lies in the regulated range.
What if I am self-employed
You have to provide latest 3Years ITR and start date of current business/profession, Latest years gross income, saving account related bank etc.
What are differences between secured & un-secured loan?
With unsecured loan, you are not requested any collateral while you have to mortgage a valuable personal property such as a car or a house for secured loan. Maybe, time for a secured loan is longer than an unsecured loan. Most unsecured loans have a short or mid-term with high fixed interest rates. With secured loan, interest rate is usually lower for lower risk and timing is longer.
Who is eligible to apply for a Citibank Personal Loan?
If your age id between 18 to 60years and your take home salary is 8million VND and working at least 1 year, then you are eligible for personal loan
How will the changing interest rates affect my home loan ?
The fixed versus floating interest rate dilemma has been traditionally one of the most difficult decisions for home loan borrowers. Over the years with fixed home loans becoming high compared to floating rate of interests, most home loans have been offered with floating interest rate. The interest rates offered by the banks depend on the basic rate which is announced periodically. A decrease in basic rate usually results in lowering of interest rates. Before finalizing the home loan, it is essential to check with the banker about how the changing interest rates would affect the home loan.