The new centers replace a previously decentralized approach with a centralized mechanism. All loan applications for buying and transferring project homes, both primary and secondary, are now processed at a single point. This allows customers to receive personalized service. Consultants develop suitable loan plans—covering loan structure, interest rates, terms, and disbursement schedules—based on each individual's financial conditions, cash flow, and ownership goals. The approval process is significantly shortened to about 3 minutes, with disbursement completed within 72 hours.

Beyond speed, loan packages are designed for flexibility, offering a maximum term of 35 years. These packages include principal grace periods to ease initial cash flow pressure. The bank also facilitates secondary market transactions by applying a lending mechanism based on legal transfer contracts, without requiring new title deeds, thereby expediting these transactions.

Two project home loan centers have been established in Hanoi and Ho Chi Minh City. *Photo: VPBank*

The launch of these centers comes as secondary real estate transactions, especially sales contract transfers, are increasingly common. However, this market segment often faces legal complications, unique documentation requirements, and the need for rapid disbursement to meet payment deadlines with developers. Investors indicate that customers involved in borrowing to buy or transferring project homes require specialized financial institutions for consultation and support throughout the transaction process.

VPBank's team comprises experienced real estate lending personnel who possess deep knowledge of project legalities and appraisal processes. This expertise ensures customers receive comprehensive support, from financial planning and document completion to early identification of potential legal and financial risks.

A VPBank representative emphasized that accompanying customers is fundamental to the centers' sustainable development. The bank expects this solution to support people's housing needs, while also boosting liquidity and contributing to the sustainable growth of the real estate market.

(Source: VPBank)

Addresses of the project home business centers:

Southern region: VPBank - Golden Plaza Building, 2nd floor, 465 Hong Bang, Cho Lon Ward, TP HCM

Northern region:

- Facility 1: VPBank - Kinh Do Building, 292 Tay Son Street, Dong Da Ward, TP Hanoi

- Facility 2: VPBank - VINAFOAM Building, 1, Alley 6, Vu Duc Than Street, Viet Hung Ward, TP Hanoi