VPBank launches one‑minute digital mortgage loan approval platform in Vietnam

Vietnamese lender VPBank has introduced a fully digitised mortgage‑loan approval system called VPBank Race. The platform enables customers to submit applications, provide basic information, and receive a preliminary approval decision within about one minute, compared with the several days or weeks previously required.

The service targets home‑buyers, car‑buyers and small business borrowers, aiming to reduce missed opportunities caused by lengthy processing times. VPBank emphasizes security, with strict data access controls, user authentication and real‑time transaction monitoring to protect client information in the digital environment.