Digital banking opens the way for young people to settle down: TPBank approves loans to buy project houses in just 1 minute

Not only digitizing the loan process, TPBank has also shaped a new housing trend suitable for the digital lifestyle with a project home loan solution via the TPBank Partner application, helping young people easily access large loans in a transparent and cautious manner.

When the home buying journey is no longer "bumpy" with procedures

According to experts, one of the major barriers that makes young people hesitant to buy a house is the complicated and time-consuming loan procedures. Grasping that reality, Tien Phong Commercial Joint Stock Bank (TPBank) has developed a project home loan product via the TPBank Partner application, targeting customers aged 25 and over, with stable income and housing needs. This solution helps them easily access project home loans, while eliminating the worry of cumbersome procedures or lengthy approval processes.

Unlike traditional lending methods that require a lot of paperwork, procedures and take a long time to process, by integrating Big Data about customers (demographic information, finance, collateral, etc.), a scoring model designed by TPBank, and modern technologies such as AI, OCR (Digital Image Recognition System) ..., TPBank Partner application allows users to process 100% digital loan applications. With the support of a leading technology platform, the application provides loan approval in principle in less than 1 minute.

Customers can apply for a loan directly at TPBank's partner real estate agents or trading floors and receive approval in principle on the spot, without having to submit proof of income documents or travel to the bank. In particular, customers' loan applications can also be approved and processed even outside of business hours, on weekends or holidays.

In addition to optimized speed, all approval processes on TPBank Partner are guaranteed to be safe and transparent. Customers can easily track the status of their loan applications, from approval to disbursement on the application, making it easy to manage their financial plans and quickly complete the signing of sales contracts and disburse loans to investors.

On the other hand, with its outstanding features, TPBank Partner is also a powerful assistant for consultants at real estate floors. Employees can enter information, submit documents and receive approval in less than 1 minute, helping to shorten transaction time and increase the rate of closing orders right at the project.

Flexible home loans, suitable for each financial plan

Project home loan products via the TPBank Partner application are flexibly designed to meet a variety of personal financial needs. Customers can access a loan limit of up to VND 10 billion, with a maximum loan term of 35 years and a loan ratio of up to 80% of the property value. In addition, TPBank also applies a principal grace period policy of up to 60 months, with competitive interest rates from only 3.6%/year.

Thanks to the long loan term and reasonable installment schedule, the loan is designed to suit the financial capacity of most modern young customers. From there, owning a home is no longer a distant goal, but becomes a feasible and proactive choice within reach.

Digital Age Housing Trends

Sharing about the project home loan product through TPBank Partner, a representative of TPBank said: "Buying a house is a big decision and we believe that the financial experience needs to be fast enough to not miss the opportunity, but also transparent enough for customers to feel secure in their choice. TPBank Partner is the step to make that happen by combining processing speed and a solid data platform, helping customers be more proactive in their housing journey. With this product, TPBank hopes to lead the digital age housing trend, opening up opportunities to own a house that suits the flexible lifestyle and financial needs of the modern young generation".

Previously, since the end of 2023, TPBank has successfully deployed a solution to approve car loans right on the TPBank Partner application. This year, with the launch of a project home loan product on the same platform, the bank hopes to further digitize, bringing a modern, convenient financial experience that suits customers' housing needs.

For further advice on home loan products through TPBank Partner, customers can visit the TPBank website, call the 24/7 Customer Care Center at 1900 6036 or 1900 58 58 85, or visit the nearest branch for direct support.