Shinhan Finance (Shinhan Vietnam Finance Company - SVFC)

Shinhan Vietnam Finance Company (SVFC), operating under the Shinhan Finance brand, is a fully foreign-owned consumer finance company headquartered in Ho Chi Minh City. A member of South Korea’s Shinhan Card and part of the prominent Shinhan Financial Group, the company officially rebranded in July 2019 following the acquisition of Prudential Vietnam Finance. Operating as a distinct entity from Shinhan Bank, SVFC leverages decades of local consumer lending experience to manage a nationwide business network.

For expatriates and international property owners in Hanoi, SVFC does not provide primary real estate mortgages, which are typically handled by commercial banks. Instead, its services are highly relevant for secondary property-related expenses, such as home renovations, interior design, and furnishing. The company offers unsecured personal loans, consumer financing, and credit cards. These products allow residents to access flexible funding and installment plans to manage the upfront costs of setting up a home in Vietnam.

As a mass-market consumer finance company, SVFC primarily serves a local Vietnamese clientele. However, its corporate structure supports working languages including Vietnamese, English, and Korean. Borrowers can manage their accounts digitally through the iShinhan mobile platform. While the digital application process is highly streamlined, foreign applicants should note that consumer finance companies in Vietnam maintain strict eligibility criteria for non-residents, meaning expatriates will generally need to demonstrate stable local employment, valid residency documentation, and a consistent domestic income stream to access unsecured credit.