ASSESSMENT OF PROPERTY PRICE FOR LOAN

Asset appraisal is one of the most important steps in mortgage lending. This is also the first activity the bank considers acceptable loan for your loan. So, how is the process of appraising assets for lending by credit institutions in Vietnam?

At present, in order to fulfill their purpose (buying a house, a car, investing in expanding a business, etc.), many individuals and organizations often seek loans from banks. In a bank loan, the first thing you must have is having a collateral. The more valuable the collateral is, the higher the credit limit will be. In contrast, the lower the collateral, the lower the value of the asset fluctuates according to the market trend, the lower the loan limit, the harder it is to meet the desired needs of customers.

Depending on the value of the loan and the purpose of the loan, we may use different types of collaterals. The more valuable collateral, the more likely it is to secure large loans with high credit lines. In contrast, the collateral is low, easy to meet price fluctuations, it is often difficult to bring back the desired loan of customers.

So how do you know how much your collateral is in Vietnamese Dong? The asset must be subject to valuation, which is an important first step for the bank to consider setting your credit limit. Each bank has a different appraisal method to give the final value of collateral. Currently many banks are competing with each other so borrowing often has many incentives and incentives.

Thus, the appraisal for bank loans is the act by the bank or the price appraisal company to inspect, consider and analyze the mortgaged assets (red book of red book, right to contribute business capital, savings book ... ) to determine the loan limit to customers.

All the details please contact us:

Indochina International Investment & Appraisal Joint Stock Company (INA)

• Address: 121 Nguyen Van Troi, Ward 12, Phu Nhuan District, Ho Chi Minh City
• System of branches and transaction offices nationwide TẠI ĐÂY
• Hotline : 0934 252 707 / Email: info@inavn.vn