The study seeks to test factors that can influence the credit risk of individual consumer borrowers of commercial banks in Vietnam through the use of discriminant analysis. Age, number of dependents, years in current job and salary are independent variables relating to demographic and ocioeconomic condition of borrowers while loan amount is independent variable relating to characteristic of the loan. The results show that the estimation function is significant at the 1% level and can predict the financial position of the borrower (customer) with an average accuracy of 74.5%. Therefore, in this study, the demographic, socioeconomic and loan related variables can be used to classify individual borrowers of Vietnamese commercial banks into payment group and non-repayment group.