Phone in hand - receive immediate support of up to 10 million Vietnamese dong through the Cashberry app

Cashberry - quick, convinient 24/7 online loans solution

CashBerry is a financial company, providing an online loan consultation service that is fully automated, disbursed within the day.

Loan term, days

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Payment date: 1
To return: 1 ₫

The conditions for applying for a loan at Cashberry

4 easy steps to register for a loan

1
Filling in the registration form
Provide a phone number and fill in personal information. Register and send request for a loan.
2
Getting approval and Signing an Agreement
The approval results will be anounce via phone call. Only need to log in to Personal account and sign an Agreement.
3
Receive money
After the application is approved, our partner will transfer the money to your account.
4
Repayment
Make repayment to our partner according to the instructions.
Loan
Loan
with flexible terms at CashBerry
  • Term:
    Term: min 92 days, max 183 days
  • Loan limit:
    Loan limit: 100 000 - 5 000 000 VND
  • Interest rate:
    Interest rate: 10,95 - 14,6 %/per annum
Get loan
  • Term:
    Term: min 92 days, max 183 days
  • Loan limit:
    Loan limit: 100 000 - 5 000 000 VND
  • Interest rate:
    Interest rate: 10,95 - 14,6 %/per annum

Because of financial difficulties, many people choose to borrow money despite the risks. What are they, should they use this form of loan?

Due to financial difficulties, many people have rushed to borrow money in the form of stealing their money without knowing that this way of borrowing carries many risks. So what are their bowls actually? Are they legally recognized by the law?

What are they , is it against the law?

According to Lawyer Nguyen Thi Xuyen, Hanoi Bar Association, picking bowls of surnames is also known as playing them, playing wards. Each locality will have a different name, but it is still a financial lending operation .

They are unorthodox form of black credit lending , lending is done on a personal relationship between the lender and the borrower with simple procedures and papers without collateral. However , picking them up can cause many serious consequences for the participants themselves as well as the relatives around them.

A special feature of this form is that the loan procedure is quick , but the interest rate is much higher than that of official loans under the management of the State. Accordingly, the borrower will pay interest by day, by month, even after holding money, it is also calculated by the hour.

What do they need ?

Unloading them is a form of credit loan with a relatively simple procedure, borrowers can receive money quickly and only need to provide documents related to identity verification, including:

- Types of identification documents such as: Citizen ID / People's identity card, driver's license.

- Household book (can only need photocopies).

- Signing papers related to their bowling.

Accordingly, for different types of documents, the loan amount is also different:

- For identity card/citizen identification and household registration (photo): The loan limit can be based on the job and house that the borrower owns.

Borrowers only need to bring their household registration book and identity card to the lending place, then someone will appraise the documents to decide the loan limit. After the application is confirmed, the borrower will receive the money immediately

- In case of having original household registration with photo ID/citizen identity card: The loan limit can be up to 30 million VND. After a period of 50 days, the borrower must pay that amount in accordance with regulations.

Their pick-up interest rate

How much profit do they make ? In the form of a loan , the borrower will set the loan interest rate. When picking them up, the borrower's interest will be deducted from the loan as a form of prepayment and the borrower will not be able to borrow the full amount.

For example, borrowing 20 million, the borrower can only take back 16 million, 4 million will be the interest of the first month (the amount withheld is 20%). Within the next 50 days, the borrower will have to pay daily interest of 400,000 VND/day.

If you borrow 30 million, the borrower will receive 24 million, the remaining 6 million is the interest of the first month. In the next 50 days, the interest to be paid is VND 600,000/day.

Because they are a form of borrowing money in a short time , usually within 30-50 days, the borrower will have to repay the loan. For those who need more loans, the procedures will also be stricter and need to verify the residential address, property, etc.

Regarding the interest rate in the lottery, they will also rely on the loan amount, with a small amount, the interest rate will be low, with a large amount, the interest rate will be high. This interest rate may also vary from place to place .

So what is the rule of their bowling ?

Eg:

- If you borrow 30 million, the amount you will get is 25 million. In the next 50 days, you have to pay interest at 500,000 VND/day.

- If you borrow an amount of 40 million, you can take back 35 million. Also in the next 50 days, you have to pay the principal and pay interest at 600,000 VND/day.

Are they breaking the law?

Regarding the loan interest rate, in Clause 1, Article 468 of the 2015 Civil Code clearly states:

1. The loan interest rate shall be agreed upon by the parties. Where the parties have an agreement on the interest rate, the agreed interest rate must not exceed 20%/year of the loan amount, unless otherwise provided for by relevant laws.

Thus, the law allows the parties to agree on the loan interest rate up to 20%/year.

On the other hand, Article 201 of the 2015 Penal Code, amended and supplemented in 2017 also stipulates:

1. Any person who, in a civil transaction, lends at an interest rate 5 times or more than the highest interest rate prescribed in the Civil Code, earns an illegal profit of between VND 30,000,000 and under VND 100,000,000 or have been administratively sanctioned for this act or have been sentenced for this crime, have not yet had their criminal record remitted but continue to commit them, shall be subject to a fine of from VND 50,000,000 to VND 200,000,000 or face a fine of no more than VND 50,000,000. imprisoned for up to 3 years.

2. Committing the crime and earning an illegal profit of 100,000,000 VND or more, the offenders shall be subject to a fine of between VND 200,000,000 and 1,000,000,000 or a prison term of between 6 months and 3 years.

3. The offenders may also be subject to a fine of between VND 30,000,000 and under VND 100,000,000, a ban from holding certain posts, practicing certain professions or doing certain jobs for one to five years.

According to the above grounds, it can be seen that a loan with an interest rate of 05 times or more of the interest rate specified in the Civil Code 2015 mentioned above:

- Gaining illicit profits from VND 30 million - under VND 100 million, or have been administratively sanctioned for this act or have been convicted and have not had criminal records remitted: A fine of between VND 50 and 200 million or a fine non-custodial reform for up to 3 years.

- Gaining illicit profits from VND 100 million or more: A fine of from VND 200 million to VND 1 billion or imprisonment from 6 months to 3 years...

In order to determine whether their act of lending money in the form of gambling is illegal and subject to criminal prosecution, it is necessary to base on whether the lending interest rate exceeds the legal limit in order to gain illegal profits. At the same time, it is necessary to pay attention to other acts of the lender such as: threatening behavior, use of force, ...

Risks from participating in their bowling

Before deciding to participate in their debt collection, borrowers should understand the possible risks to themselves and their families in the event of not paying off their debt.

As you know, picking them up is a form of borrowing with extremely high interest rates, and at the same time, borrowers will also have to run money to pay in a short time. Therefore, not everyone has the ability to repay both capital and interest on time.

Therefore, borrowers must consider their ability to repay and the necessity of borrowing money before making a decision to borrow money in the form of a loan.

If you do not need money urgently, borrowers should look for other secure loans with low interest rates such as loans from friends, banks, financial companies, etc.

In a hurry to borrow money in a way that they can't pay, the interest will be charged very high, borrow less but the actual money has to be paid back many times. Along with that, lenders also use many different methods to threaten and intimidate the debtor's spirit in order to recover money. Sometimes, they even come to the house to destroy and take valuable assets in the house to clear the debt.

Therefore, borrowers need to consider carefully before participating in their loan.

In case you cannot borrow money from relatives, or are not eligible for a bank loan , you can use the form of an online loan via the CashBerry website/app. This is a fast and modern form of loan , solving urgent money needs in 24 hours.

Quick loan via CashBerry - convenient financial solution, 24/7 online support

Quick loan with CashBerry website or application , is one of the best options for you who are in urgent need of money. Because at CashBerry, you will get a loan quickly, just 30 minutes, you can receive money to your wallet.

Reasons to borrow money quickly through CashBerry

Here are the reasons why you should choose CashBerry to borrow money.

●    Fast online loan 1 - 10 million in 24H.

●    Flexible term 7 - 30 days (according to customer needs).

●    Interest rate 10.95 - 14.6%/year is the lowest in the market today.

●    No mortgage, no proof of income.

●    Borrow 100% online without meeting.

●    The loan contract is transparent and specific, customers are informed of loan information before borrowing.

●    Support for bank bad debt .

●    Loan extension when it is difficult to repay.

●    There are many preferential programs from time to time such as early payment will be reduced interest, loyal customers will be increased loan limit, ... 

Steps to apply for a quick loan online CashBerry

CashBerry is always proud to be the unit that provides customers with online loan services with simple application procedures and fast disbursement time. To complete the loan process with CashBerry, customers only need to go through the following basic steps:

●    Step 1: Download the CashBerry app or visit the cashberry.vn website on your smart mobile device and complete the profile with the necessary personal information.

●    Step 2: After registration is complete, wait for loan approval for about 15 minutes. The appraiser will contact you to confirm the information and inform the loan approval amount.

●    Step 3: If the application is approved, you will be disbursed to your bank account immediately.

Besides simple procedures, 100% online support, CashBerry also has a customer care team to help you 24/7. If you have any questions about the loan application process, you can contact hotline 1900 63 83 85 or send a message to Fanpage CashBerry - Everyone's financial friend for answers.

Above is the information shared about how to pick them up . This is a form of loan sharking you should not participate in to avoid unfortunate consequences. Financial difficulties, need to borrow money quickly, easily, just register for CashBerry - a smart and safe choice for you. 

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