Car Loan Calculator — Vietnam
Estimate your monthly car-loan installment in VND using Vietnam's typical auto-finance rates, and see the full interest cost. No signup, no account needed.
Enter a car price, a down payment of 0–90%, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Car finance rates in Vietnam (2026)
Car loans in Vietnam typically run about 9–12% p.a. Both new and used vehicles can be financed.
These are reference figures for 2026 - always confirm the current rate and the effective (reducing-balance) APR with the lender before you commit.
Where to get a car loan in Vietnam
Commonly used providers include Vietcombank, Techcombank, VPBank (FE Credit) and Toyota Financial Services. Rates and terms vary by lender, your credit profile, and whether you are buying new or used - it pays to compare at least two or three offers.
Deposit and loan term
Deposit requirements vary by lender. Loan terms run up to about 7–8 years. A bigger deposit and a shorter term both cut the total interest you pay - use the calculator above to see the trade-off for your own numbers.
Worked example
For every 320.000.000 ₫ financed at 11.50% over 5 years:
- Monthly installment: 7.037.634 ₫
- Total repaid: 422.258.062 ₫
- Total interest: 102.258.062 ₫
Scale to your financed amount, and remember a bigger deposit and shorter term lower the total interest.
How to pay less interest on your car loan
- Put down a larger deposit - it reduces both the monthly payment and the total interest.
- Pick the shortest term you can comfortably afford; a longer term lowers the monthly cost but raises the total.
- Compare the effective reducing-balance rate, not a headline flat rate - a flat rate looks cheaper than it really is.
- A stronger credit profile usually earns a lower rate, so it is worth checking before you apply.
A named-lender rate check: Techcombank’s car loan (2026)
Techcombank advertises car loans (vay mua ô tô) “from 6.8%/year,” but that headline number is a first-period promotional teaser, not what most borrowers actually pay over the life of the loan (Techcombank, updated 27 Aug 2025). A September 2026 market comparison (topi.vn) lists Techcombank's benchmark car-loan rate at 8.41%/year and up once the introductory period is factored in, alongside other banks such as ACB (from 5.2%) and VPBank (from 8.5%). Vietnamese market commentary from April 2026 (VnEconomy) notes that once the 6–12 month promotional window ends, floating car-loan rates — the deposit rate plus a 3.5–4.5 percentage-point spread — commonly land at 13.5–14.5%/year for typical borrowers.
Given this spread between teaser rates (roughly 5–8%), mid-range benchmark rates (roughly 8–9%), and realistic post-promotional floating rates (13.5–14.5%), we use 11.5%/year as a reasonable planning estimate for this calculator — a midpoint that assumes a decent promotional start but budgets for the floating rate that follows.
A more realistic example: financing a 700,000,000 VND car (a common price point for a new compact sedan in Vietnam) over 5 years (60 months) at 11.5%/year works out to a monthly payment of about 15,398,000 VND. Over 60 months that totals about 923,880,000 VND paid, meaning roughly 223,880,000 VND in total interest — about 32% of the original loan amount.
Registration fee (lệ phí trước bạ) and special consumption tax add well over half the purchase price before you even borrow
On top of the sticker price, a Vietnamese car buyer pays a one-off registration fee (lệ phí trước bạ) of 10% of the vehicle's declared value for a passenger car's first registration; provincial and city People's Councils may raise this by up to 50% locally, and it drops to a flat 2% nationwide for any later re-registration. Battery electric cars get a 0% first-registration fee through 31 December 2030 to encourage EV adoption. Before that fee is even calculated, the car's factory or import price already includes Vietnam's special consumption tax (thuế tiêu thụ đặc biệt), which for passenger vehicles with 9 seats or fewer runs from 35% for engines up to 1,500cc up to 150% for engines over 6,000cc, effective from 1 January 2026; hybrids are taxed at 70% of the standard rate for their engine size, and small battery-electric cars pay a heavily discounted rate (as low as 3%, rising to 11% from March 2027). Because both taxes are layered onto the price before financing, a loan for the exact same imported sedan can differ substantially in size depending on which tax bracket its engine falls into.
Compulsory third-party liability insurance is a legal requirement, separate from any lender-required cover
Independent of whatever collision or comprehensive cover a bank or Toyota Financial Services may ask a borrower to carry on a financed vehicle, Vietnamese law under Decree 67/2023/NĐ-CP requires every motor-vehicle owner to hold compulsory civil liability insurance (bảo hiểm bắt buộc trách nhiệm dân sự). It covers bodily injury or death up to VND 150 million per person per accident, and property damage up to VND 100 million per accident for cars (VND 50 million for motorcycles). The mandatory annual premium for a car with fewer than 6 seats is VND 437,000, rising to VND 794,000 for 6–11 seats, and insurers may adjust premiums by up to 15% based on the policyholder's accident history. This compulsory layer only covers third parties — it does not protect the financed car itself, which is why lenders separately require their own collateral-protection insurance on the vehicle for the life of the loan.
Why the registration fee and excise tax matter more for a car loan than the headline interest rate
Put the two taxes together and their effect on a car loan becomes clearer than any single interest-rate comparison. Take a mid-size sedan with a 2,000cc engine: the special consumption tax bracket for 1,500–2,000cc is 40%, so a car with a pre-tax factory price of roughly VND 500,000,000 would carry an additional VND 200,000,000 of excise tax baked into its sale price before the 10% registration fee is even calculated on top of that higher, tax-inclusive value. A buyer who instead chooses a hybrid in the same class pays only 70% of that 40% rate (effectively 28%), and a small battery-electric car can fall as low as a 3% special consumption tax bracket. Because Vietnamese banks and finance companies such as Vietcombank, Techcombank and VPBank's FE Credit lend against the taxed, on-the-road price rather than the factory price, the engine and fuel-type choice a buyer makes changes the loan principal itself, not just the ongoing running costs — a fact that matters as much to the size of the monthly instalment as the loan's 9–12% interest rate does.
Frequently Asked Questions
What is the typical car loan rate in Vietnam?
As a 2026 reference, car finance in Vietnam runs about 9–12% p.a. Your actual rate depends on the lender, your credit profile, and whether the car is new or used.
How much deposit do I need for a car loan in Vietnam?
Deposit requirements vary by lender. A larger deposit lowers both your monthly payment and the total interest you pay.
Which lenders offer car loans in Vietnam?
Commonly used providers include Vietcombank, Techcombank, VPBank (FE Credit) and Toyota Financial Services. It pays to compare two or three offers, since rates and terms vary by lender and by your credit profile.
How is the car loan installment calculated?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) on the financed amount. Dealers may quote a lower-looking flat rate; convert to the effective rate to compare.
Is Techcombank's advertised 6.8% car loan rate the rate I'll actually pay?
No. Techcombank's own site lists car loans "from 6.8%/year" (updated 27 Aug 2025), but this is a first-period promotional rate. After the introductory window, the rate floats, and market data compiled by topi.vn (Sep 2026) puts Techcombank's more representative ongoing rate at 8.41%/year and up, while broader market reporting (VnEconomy, Apr 2026) says post-promo floating rates for many borrowers now land around 13.5–14.5%/year.
Is 11.5% a realistic car loan rate assumption in Vietnam?
It's a reasonable blended estimate. As of 2026, teaser rates from major banks start around 4.8–8.5%/year, but effective floating rates after the promo period commonly run higher — VnEconomy (8 Apr 2026) cites 13.5–14.5%/year as typical once loans reprice. 11.5% sits between the optimistic teaser and the realistic floating rate.
Why do Vietnamese banks advertise such low car loan rates?
Banks like Techcombank, Vietcombank, and ACB commonly quote a low fixed rate for only the first 6–12 months (sometimes longer for manufacturer-backed promotions), after which the loan converts to a floating rate tied to the bank's deposit rate plus a spread of roughly 3.5–4.5 percentage points. Always ask for the post-promotional floating rate formula before signing.
How much does Vietnam's registration fee (lệ phí trước bạ) add to a new car's cost?
The standard first-registration fee is 10% of the car's declared value nationwide, though provinces and cities can raise it by up to 50% locally. A second or later registration is charged at a flat 2% everywhere. Battery electric cars are exempt (0%) through 31 December 2030.
Is comprehensive car insurance legally required in Vietnam?
No, only third-party civil liability insurance is legally compulsory, under Decree 67/2023/NĐ-CP, covering injury to others up to VND 150 million per person and property damage up to VND 100 million per accident. It does not cover your own financed vehicle, so lenders typically require separate collateral-protection cover on top.
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Sources
Rates are compiled from each country's central-bank publications and the typical offerings of its major commercial banks, reviewed for 2026 and subject to change — always confirm the current rate with a lender before deciding. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Techcombank car loan rate page (updated 27/08/2025): Cập nhật lãi suất vay mua xe ô tô các ngân hàng. Market comparison table via topi.vn (3/9/2026): Lãi suất vay ngân hàng mua ô tô trả góp mới nhất 9/2026.
- Mức thu lệ phí trước bạ xe ô tô 2026, thuvienphapluat.vn (accessed 26 September 2026)
- Mức thuế tiêu thụ đặc biệt với ô tô từ năm 2026, thuvienphapluat.vn (accessed 26 September 2026)
- Bảo hiểm bắt buộc trách nhiệm dân sự chủ xe cơ giới (Nghị định 67/2023/NĐ-CP), baochinhphu.vn (accessed 26 September 2026)