Commonwealth Bank - Know Your Money - Can I take out a Loan?

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Can I take out a Loan?

Yes. Commonwealth Bank in Vietnam recognises the importance of education and provides education loans to help you finance both local and overseas education.
If eligibile you can get a student loan for up to 60 months once you have proven your need for a loan and have qualified.

Eligilbility

Individuals (including shareholders, directors and commissioners) who:

Are Vietnamese residents
Have good payment record with Commonwealth Bank and other lenders
Have no impending lawsuits, are not bankrupt nor insolvent
Satisfy relevant regulatory guidelines in relation to Anti-Money Laundering (AML) or cash transactions
Satisfy CBA’s internal credit eligibility criteria

Application Requirements

To apply for an education loan you will need to provide documents such as:

Identification documents

Photocopy of applicant's (and spouse if applicable) Identity Card / Passport & resident book
Photocopy of Marriage Certificate (if applicable)
Evidence of the relationship between the Borrower & the student
Photocopy of Charter, Certificate of Business Registration/Investment (for Entrepreneurs or Professionals)

Parent or guardian guarantee information

Individuals

Photocopy of bank statements for the previous three (3) months of one or more of applicant’s deposits and loan accounts with CBA Vietnam or any other bank
Recent and original salary slip
Certificate from employer or an employment reference
Photocopy of a recent taxation return
Guarantor information form (if applicable)

Entrepreneurs and professionals

Photocopy of Practicing Licence (if applicable)
Photocopy of Financial Statements (for tax purpose) for the previous two (2) years, Tax report & receipt for the most recent year
Guarantor information form (if applicable)

Proof of Education Plans