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

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The conditions for applying for a loan at Cashberry

4 easy steps to register for a loan

Filling in the registration form
Provide a phone number and fill in personal information. Register and send request for a loan.
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.
Receive money
After the application is approved, our partner will transfer the money to your account.
Make repayment to our partner according to the instructions.
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

Salary loan brings many benefits to customers, but also potential risks if not aware of it. So, should the mortgage loan through salary?

Despite bringing many outstanding benefits and advantages, the form of unsecured salary loans also has many risks and ominous risks. Should you get a mortgage through your salary , what should you pay attention to when taking out a loan in this form? All will be answered by CashBerry through today's article.

Should or should not borrow unsecured salary ? Before answering this question, we should find out what is a salary-based loan , what are the advantages and disadvantages, and what is the interest rate?

What is a salary loan?

Mortgage loan under the salary is a form of loan that borrowers only need to be approved based on job and steady income every month. This level of income must be proved by bank statement/payroll/labor contract or equivalent documents.

The reason why banks always require customers to have a stable income is because then the borrower will be eligible for monthly repayment. Therefore, the risk level of the loan will be reduced, the loan term is flexible, and borrowers are not under much pressure because of the financial situation.

Currently, there are 2 types of unsecured salary loans:

●    Salary-based loan transfer: This is a form of unsecured loan for customers who receive their monthly salary through a bank account. At that time, the customer uses the salary account statement to complete loan procedures and documents.

●    Loans under the cash salary: This is the form of loans for customers who receive salaries through cash. Meanwhile, customers will use their payroll in the enterprise / institution / company to loan documents.

The interest rate on unsecured loans is not fixed, it will change depending on the status of the customer's profile. Banks often suggest evaluation criteria such as salary, current occupation, company, family, credit history, etc.

Customers receive salary transfer will take priority over getting loan approval through cash salary

Customers receive salary transfer will take priority over getting loan approval through cash salary 

Advantages of unsecured loans with salary

When registering mortgage loan according to payroll, customers will enjoy the following benefits:

●    The loan limit can be from 6 to 10 times the current salary.

●    The loan period is extremely flexible from 6 to 36 months.

●    Customers are allowed to pay off the loan at any time.

●    No collateral resources required.

●    Do not need a guarantor.

●    If you don't have a household registration card/temporary residence certificate, you can still get a loan.

●    Time to disburse loan documents quickly after only 1-3 working days.

Limitations when borrowing by salary

In addition to the outstanding advantages, unsecured loans according to payroll also have some limitations such as:

●    Interest rates on unsecured loans are often higher than some other forms because there is no collateral.

●    The maximum installment loan period is only 5 years and the loan limit is limited to less than 500 million.

●    The bank always has a very careful appraisal and screening process, so not all documents are approved.

●    Fees such as prepayment fees and late payment fees are subject to high penalties.

Limits and term loans under the salary

How much salary mortgage loan ? Each bank will have a different credit limit and loan period according to the salary schedule. However, normally, the loan limit ranges from VND 300 million to VND 500 million and does not exceed 10-15 times the borrower's income.

Currently, there are a number of banks that support loans with salaries exceeding the average such as HSBC for a maximum loan of 900 million dong, LienVietPostBank for a maximum loan of 1 billion dong.

Term usually unsecured loans through salary from 12 months to 60 months. Based on which customers can choose flexible loan period to match with actual earnings of themselves.

If approved, you can receive 10-15 times your income

If approved, you can receive 10-15 times your income

Which bank has the lowest unsecured loan interest rate ?

Many people wonder if there should mortgage loan through wages , partly due to higher interest rates than mortgages .

Mortgage loan interest rates payroll banks also announced different depending on the regulations and in each period. Apart from interest rates, the interest publicly depends on factors such as:

●    The customer's credit rating is good or not.

●    How large is the place where the client works?

●    Customer's monthly income.

●    Credit history of the customer loans.

When taking an unsecured loan through salary transfer, customers will receive more incentives, especially in terms of interest rates. Moreover, if the customer has borrowed from a bank and has a good repayment history, he will be ranked with a high credit score, then the interest rate will be more favorable.

Some banks with the lowest unsecured loan interest rates today can be mentioned as:


Bank name

Interest rates


Shinhan Bank

From 13.92%/year (debt balance gradually decreases)



From 13.99%/year to 16.49%/year (debt balance gradually decreases)


Standard Chartered

From 13.49%/year






9.6% / year



From 7.2% - 12%/year

Table of interest rates for unsecured loans of typical banks

To know which bank's unsecured loan is the best , in addition to the interest rate, you need to consider other criteria such as credibility, preferential policies, loan procedures, ... of the bank.

One thing you should keep in mind, low interest rates mean high profile requirements and vice versa. Therefore, if you want to be sure to get a loan, you should carefully study the accompanying conditions.

Mortgage loan conditions through wage

In order to get an unsecured loan according to the salary schedule, customers need to ensure the following conditions:

●    Customers working in enterprises, public or private companies have a stable monthly salary.

●    Payroll statement / Payroll during the last 3 months.

●    Customers have no bad debt at credit institutions.

●    Customers between the ages of 18 and 55 years old.

●    Customers have stable income, fully meet all documents.

Loan application according to salary sheet

When applying for a salary-based unsecured loan, customers need to prepare some basic documents as follows:

●    Bank loan application form.

●    3×4 portrait photo.

●    Copies of documents such as ID card/CCCD/Passport.

●    Passport/temporary residence registration certificate of the customer.

●    Salary account statement/payroll for the last 3-6 months.

●    Official labor contract at current working unit, appointment decisions, salary adjustment or equivalent documents.

In order to get a loan through salary, you must satisfy the conditions and procedures set forth by the bank, so not everyone who applies will be approved.

In order to get a loan through salary, you must satisfy the conditions and procedures set forth by the bank, so not everyone who applies will be approved.

What to pay attention to when taking out a loan?

It's quite easy to get a salary-based unsecured loan, and there are many credit institutions that offer this loan package on the market today. However, you need to note a few points to not fall into the trap of unsecured loan packages:

●    Choose a reputable unsecured loan address.

●    Consider your ability to pay.

●    Choose a suitable salary unsecured loan package

●    Read carefully the loan contract terms and fees.

●    Remember the payment schedule, make sure to pay on time.

Should you get a mortgage loan based on your salary?

We don't always have the money available to pay for personal expenses like getting married, buying a car, paying bills. Therefore, a bank loan is a reasonable solution. But should you get a salary-based unsecured loan ?

Banks are now considered as the financial unit supported loans with the lowest interest rates with many advantages associated with it. Therefore, if possible, you should contact the bank for guidance through salary mortgage loan. 

But, undeniably to the bank loan, you must meet strict conditions, complex procedures. Therefore, if you want to borrow money quickly , with consecutive days you should use form CashBerry loan online .

Mortgage loan is a form of salary brings many benefits to customers, but also potential risks if not aware of it. With the above share, you might have to answer the question " Should the mortgage loan through salary ?". Besides, if you need money urgently consumer, you can register at

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