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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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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

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Which bank loan interest rate is the lowest is always a question that has received a lot of attention recently. Because with any loan, the interest rate is the measure for you to evaluate your ability to pay and make a decision whether to borrow or not. If you are interested in this issue, read the article below of CashBerry!

The prolonged epidemic has caused many difficulties and damages to the Vietnamese economy. However, risks always come with opportunities, for a successful business at this time, capital is essential.

Therefore, in the past year, the demand for bank loans was always high. Because of the sharp decrease of the interest rate level of most banks to the lowest figure in the past 10 years.

It is forecasted that in 2022, deposit and lending interest rates will increase again when the economy starts to grow again after the Covid-19 epidemic. So, if you are intending to get a bank loan and do not know which bank loan interest rate is currently the lowest , the following information will be necessary for you.

What is the bank loan interest rate?

Bank loan interest rate (in percentage) is the interest rate charged by a bank for a loan. On the borrower's side, this is the additional interest payable together with the principal, which is agreed upon according to the bank's regulations at the time of signing the loan contract.

Based on the interest rate, the bank calculates the monthly payment of the borrower. More specifically, for each different credit product, there will be 3 equivalent interest rates:

The fixed interest rate will not change over the life of the loan regardless of how market interest rates rise or fall. The short-term loans or unsecured loans usually have fixed interest rates.

The floating interest rate will be adjusted and changed every 3 or 6 months (or 1 year). Banks will adjust based on 12- or 24-month savings interest rates plus interest margin. This type of interest rate is for medium and long term loans.

Mixed interest rate is the common name when a loan has both fixed and floating interest rates. That is, at first, the bank will calculate the fixed interest rate, but after that, the interest will be calculated according to the floating interest rate formula.

Top banks with the lowest interest rates today

Banks now usually have a popular interest rate of 6 - 25%. Interest rates fluctuate depending on the bank, the type of loan and incentives, and how the interest rate is calculated. For example, the interest rate for unsecured loans is usually from 16-25%/year, mortgage loans are 10-12%/year.

You are looking for a bank loan and do not know which bank loan interest rate is the lowest today. Please refer to the top banks with loan packages with extremely preferential interest rates below:

Mortgage interest rate group

Mortgage is a form of loan with a fixed interest rate for a period of time, then floating according to market interest rates. Banks often deploy extremely attractive incentives for this loan, from promotions, gifts to interest rates. Therefore, the initial fixed interest rate of mortgage loans is usually very low, ranging from 6 to 8.3%.

From December to 2021, the top banks with the lowest mortgage interest rates will be:

BANK

LOAN INTEREST (%/YEAR)

BORROWING LIMIT

BIDV

6 years

Flexible, depending on needs

Sacombank

6 years

100% of total collateral value

ABBank

6.9%/year

90% of total collateral value

MSB

6.9%/year

Maximum loan 5 billion VND

Vietinbank

7%/year

80% of total collateral value

Vietcombank

7.5%/year

90% of total collateral value

VPbank

7.9%/year

80% of total collateral value

 

Accordingly, both BIDV and Sacombank have mortgage interest rates of 6%/year, the lowest currently. If you are in need, you can refer to these two banks to choose the most suitable loan product.

In addition, there is a bank loan with a low interest rate of 7.5%/year Vietcombank , with a loan limit of up to 90% of the total value of the collateral. Or choose MSB with an interest rate of only 6.9%/year for a maximum loan of 5 billion.

Interest rate group for unsecured loans

Unlike mortgage loans , unsecured loans are loans for customers who do not have collateral and are guaranteed based on work and stable income. Although the loan is fast, you will incur a much higher interest rate than the rest of the loans.

Currently, the top banks with the most attractive unsecured loan interest rates belong to:

BANK NAME

LOAN INTEREST (%/YEAR)

Vietcombank

10 years

Sacombank

11 years

BIDV

11.9%/year

Vietcombank

15 years

Maritime Bank

15 years

VIB

16%/year

VP Bank

17.9%/year

 

This interest rate is calculated based on the reducing balance of the loan and the interest rate is fixed throughout the loan term. And the number can fluctuate from time to time, so when you apply for a loan, you need to ask clearly what interest rate is applied.

To get a loan from the above banks, you must prove that your monthly salary is stable and you can afford to repay the loan. Therefore, there will be some customers having difficulty when not producing evidence according to the bank's regulations. At this time, if you still need a loan or are in urgent need, you can find the 24/7 online loan service of CashBerry financial company .

When borrowing at CashBerry, you will not need collateral, no proof of income. The information from the ID card/CCCD is enough to complete the application. Although there is no large limit like banks, the disbursement time at CashBerry is fast, the procedure is simple, the loan period is from 10 to 30 days.

Interest rate group for home loan

Statistics at typical banks, loan interest rates for real estate buyers are usually in the range of 5% - 8.99%/year. However, depending on the loan period (ranging from 3 months to 36 months), the interest rate will increase according to the policy of each bank.

So which bank loan interest rate is the lowest today, with loans to buy real estate? Below is the statistics table of the top banks:

BANK NAME

SPECIAL INTEREST (%/YEAR)

INTEREST MATERIAL AFTER THE OFFER

PVcomBank

5%

LSCS + 4%

VPBank

5.9%

LSCS + 4%

TPBank

5.9%

LSTK 12T + 3.5%

WooriBank

6.1%

LSTK 6T + 2.2%

HongLeongBank

6.19%

LSCS + 1.5%

Shinhan Bank

6.2%

CPV 6T + 3.9%

BIDV

6.2%

LSTK 24T + 3.5%

 

It can be seen that PVcomBank is still the bank with the lowest home loan interest rate, only 5%/year for the first 6 months. And after the end of the incentive period, the interest rate will increase to 12%/year. The loan term lasts up to 20 years with a maximum limit of 85%/year of the total value of the collateral.

In addition, the remaining banks also have home loan programs with many attractive incentives such as: TP Bank, VPBank all 5.9%/year, Woori Bank (6.1%/year), Hong Leong Bank (6.19%/year), Shinhan Bank (6.2%/year),…

Car loan interest rate group

More and more Vietnamese people choose cars as their main means of transportation. If you are looking for a bank loan to buy a car , you should refer to the top banks with the lowest interest rates below:

BANK NAME

SPECIAL INTEREST (%/YEAR)

INTEREST MATERIAL AFTER THE OFFER

OCB

5.99%

LSTK 6T + 3.5%

BAOVIET Bank

6.5%

LSTK 12T + 3.8%

MSB

6.99%

3 - 5%

ACB

7.5%

LSTK 13T + 2.5 - 4%

Agribank

7.9%

No change for 24 months

VIB

8.6%

LSTK 13T + 3.5%

PVcomBank

8.99%

LSTK 13T + 4.5%

 

Through the statistics table, you can realize that OCB is the bank with the lowest interest rate today . And of course, if you want to get a low interest rate, you must meet the following conditions:

- Be a Vietnamese citizen and be 18 years old.

- Have a household registration/temporary residence at a business location or near where the OCB bank you want to borrow.

- Proven source of income.

- The certificate of ownership can be the customer or the customer's wife and children in the name of the customer.

Or you can choose to borrow from Agribank with a low interest rate of only 7.9%/year to buy a car. In particular, this interest rate will be fixed unchanged for 24 months.

What criteria should I choose for a loan?

Bank loans are individuals, families or organizations that need capital to seek financial support from a bank. And the factor that most affects their decision to borrow is the high or low interest rate.

To choose the lowest bank loan interest rate , you need to spend a lot of time researching. First, consider which bank has the right loan criteria for you. Then, redefine your needs as well as your financial ability to pay for future loans.

Don't just see a low interest rate and apply for a loan right away, but choose the bank you will borrow based on the following criteria:

- The bank's interest rate incentives are available.

- Reputation, number of customers using the service every year.

- Preview how the bank's interest rate is calculated.

- The fees to bear the least. Procedures and contract terms are clear and transparent.

- How high or low is the loan interest rate, compared to other banks.

The borrower's advantage is that he has the right to choose the right bank for him. Therefore, in addition to determining the lowest bank loan interest rate , you need to ensure that you are alert enough when taking out a loan, "sanding to find gold" from the incentive programs that are springing up like mushrooms today. Good luck with your loans!

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