Daewoo – Cleve investor provides soft loans for customers

Inpyung Co, the investor of Daewoo – Cleve project in Van Phu new urban area, Hanoi announced to provide soft loans at 12% per year to customers who will pay in second phase and fourth phase for their houses.
The lending limit is equal to 25% of house value with simple procedures and mortgage asset is the sum of money which customers paid in first phase. Interest of this soft loan must be paid monthly and the principal will be paid as houses are handed over by Q1 of 2014.

In addition, the investor applies the 7-phase payment method.

The company said that 25% of house purchase contract value was suitable to support customers as well as avoid speculation.

In the beginning of December, the investor officially opened the sample apartment and started to sell Daewoo-Cleve project capitalized at $421.5 million. – Vietbiz24

Posted by VBN on Jan 12 2012. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry