WHY NEED ASSESSMENT WHEN BANK LOANS?

Asset valuation at the request of the bank is understood as the fact that the bank / credit institution or the property owner hires an independent valuation company to determine the value of the mortgaged property at the bank into cash units. to borrow money or liquidate assets.

Why is it necessary to appraise the price when applying for a bank loan?

When reviewing a customers loan application, one of the first things the Bank needs to evaluate is to determine the value of the collateral for that loan - also known as collateral. Currently, most banks stipulate that the loan disbursement rate for customers is from 70 to 85% of the value of the collateral.

Therefore, the valuation of collateral assets is not only a mandatory requirement of the law but also a legal basis for banks to consider a reasonable and safe loan level for their loans.

In other words, the appraisal of collateral assets at the Bank aims to ensure that loans are safe and able to recover loans when they are due. Therefore, such collateral must be appraised according to the standards and regulations of the Law on Valuation of Vietnam.

Bank appraisal process.

Step 1: Receive information about collateral, classify assets according to the regulations of the appraisal industry

Step 2: Make a valuation plan

Step 3: Field survey, collect information about the property

Step 4: Build appraisal report

Step 5: Control the report

Step 6: Issue deed and appraisal report

Valuation fee for collateral at the bank

Fees for appraisal of collaterals at the Bank are usually regulated according to the value and classification of assets such as real estate, movable property, enterprises, investment projects, means of transport, etc.

Valuation fees are usually calculated by the appraisal companies as a percentage (%) of the total value of the secured assets plus other costs incurred such as: travel expenses, inspection fees (if any) – after upon receipt of information and preliminary value of that property.

Or it could be a package fee agreed between the appraisal company and the property owner.

But in general, the appraisal fee is usually very small compared to the total value of the property to be appraised.

THE LEADING PRESTIGE ASSESSMENT UNIT IN VIETNAM

Indochina International Appraisal & Investment Joint Stock Company (INA) – SunValue provides comprehensive solutions for Valuation purposes such as:

• Real Estate Appraisal – SunReal (Townhouses, land, factories, ...)
• Movables Appraisal – SunMovables (Machinery and equipment, production lines, means of transport, ...)
• Business appraisal – SunAsset (Purchase, joint venture, equitization, ...)
• Investment Project Valuation – SunInvest
• Resource Assessment – ​​SunResources

In addition, SunValue is also trusted by many leading domestic and foreign financial institution partners to use asset valuation services such as: Siam Bank, Bank of INDIA, Woori Bank, Standard Chartered Bank, Bank of China, etc. Shanghai Commericial Savings Bank, China Construction Bank, Agribank, Vietinbank, Vietcombank, BIDV - VIB, NCB, MSB, VAMC, Viet A Bank, Sacombank, OCB, CB, SHB,... SunValue is also associated in the operation Valuation activities and real estate with international associations and investment funds: World Association of Realtors (FIABCI), World Association of Appraisers (WAVO), Vietnam Association of Valuations (VVA).