Loan

Overseas Tuition Fee Loan

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We help your children with their education dreams and expectations


1. Introduction:

Don't let financial issues hinder the dream of studying overseas of your children or relatives!

As a social corporate brand, DongA Bank has aimed to assist young generations in terms of knowledge development. With Overseas Tuition Fee Loan, which offers in-one-package service, DongA Bank can assist customers on the journey to achieve their education dreams and successfully invest for the future.


2. Product description

  • Loan value: Maximum of 100% for overseas study cost, including tuition fee and subsistence expenses.
  • Type of currency: VND.
  • Interest rate: As specified in current regulations by DongA Bank.
  • Loan term: Maximum 10 years.
  • Loan payment procedure:  Periodic repayment of principal, monthly payment of interest relative to the account outstanding.
    • Short-term: End-term principal, monthly interest.
    • Medium and long-term: Principal for every term, monthly interest.


3. Eligible customers and application conditions

  • Customer is Vietnamese citizen, having permanent resident status/KT3, residing in the same area as DongA Bank.
  • Individuals who are relatives (grandfather/grandmother, father/mother, brother/sister etc) of overseas students.
  • Having capability to repay of debt.
  • Having no overdue debt at any credit institution.
  • Having collateral assets: Being the assets of borrower or guarantee's relatives.


4. Loan application procedure:

  • Loan application form (DongA Bank sample).
  • Copy of ID card & Family record book/KT3 of the applicator.
  • Interpretation of loan use purpose, explanation sheet for individual capital loan.
  • Documents relating to oversea student: Passport, study program, certificate of approval and notice of tuition fee payment.
  • Documents demonstrating financial capacity of the borrower: Pay-roll for customers working in state-owned companies/private companies (certified by the management) or for customers who are freelancers, entrepreners, Certificate of Business Registration + Tax payment receipts must be submitted.
  • Copies of documents relating to mortgage assets.
     

5. Contacts:

For enquiries or further instructions, please contact:


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