WHAT IS A MORTGAGE LOAN FOR FOREIGNER IN VIETNAM ?
A mortgage loan for foreigners in Vietnam is a type of housing loan granted by a Vietnamese bank or financial institution to a non-Vietnamese individual for the purpose of purchasing, building, or renovating property in Vietnam.
In Vietnam, foreigners are allowed to purchase residential property but only under certain circumstances, primarily apartments or houses in approved real estate projects, and usually under a 50-year leasehold ownership (with possible renewal) rather than full freehold.
Because of these restrictions, the scope of mortgage lending to foreigners is narrower than for Vietnamese citizens. Some banks may be hesitant to provide mortgage loans to non-citizens due to legal complexities, while others design special lending products to attract expatriates working and living in Vietnam.
Which lenders give home loans to foreigners in Vietnam ?
Here’s a detailed overview of lenders offering mortgage or home loan options to foreigners in Vietnam, including key eligibility considerations:
1. Standard Chartered Vietnam
Foreigners, including Việt Kiều (overseas Vietnamese), can apply for home loans with Standard Chartered, provided they have valid documentation.
Required documents include a passport, work permit or visa, and sometimes proof of permanent residence (KT3/HK09).
2. HSBC Vietnam
HSBC offers home mortgage products targeted at Vietnamese individuals and overseas Vietnamese (Việt Kiều). Applicants must demonstrate high monthly income (e.g., VND 20 million+) and reside in certain regions like Hanoi or HCMC.
3. We Home Loan (via Woori Bank Vietnam)
This product is offered to both Vietnamese and foreign citizens residing in Vietnam. Key requirements include a minimum stable income (approximately VND 8 million/month) and consistent employment history, such as being with the same employer for at least six months .
4. Vietcombank
A top domestic lender that provides standard home mortgage products—but note: these are typically available only to Vietnamese citizens, not foreign buyers .
5. Foreign Bank Branches in Vietnam
While not all explicitly market mortgage products to foreigners, the presence of international banking institutions—such as HSBC, Standard Chartered, Shinhan Bank, Citibank, and Public Bank Vietnam—suggests possibilities via established global frameworks. .