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

Loan support under life insurance contracts with low interest rates, incentives only 1.5%/month. Limit up to 36 months, paid in monthly installments via bank.

Integrating the advantages of both mortgage and unsecured loans, life insurance loans are chosen by many consumers to solve their financial worries. As long as you own a life insurance policy of any company, customers can apply for a loan as soon as they need it. 

In this article, CashBerry will help you learn about life insurance loans and how to get quick disbursement.

Information about loan package through life insurance:

Loan form

Installment loan with life insurance

Borrowing limit

Min 10 million – maximum 100 million VND

Interest rate

Only from 1.66%/month

Period

6 Months – 36 Months

Procedures – documents

ID card + household registration book + life insurance contract

Browsing conditions

Life insurance policy is still active, has a term of more than 1 year and has no bad debt at the bank

What is a loan under an insurance policy?

Borrowing money with life insurance (BHNT) is a form of unsecured loan , customers do not need to mortgage assets. The bank approves based on the value of the borrower's life insurance policy. The contract must be valid for 1 year or more (at the time of borrowing) at any insurance company.

The life insurance contract is a financial guarantee for the bank to decide the loan limit, interest rate, loan term, etc. The higher the premium, the higher the approved limit.

This form is suitable for clients who are self-employed or the current working time has not reached at least 3 months. Therefore, this is a form of borrowing that attracts a large number of customers.

Advantages of borrowing under life insurance

●    Customers do not need to provide collateral.

●    No need to prove income through monthly payroll.

●    Preferential interest rates from only 1.66%.

●    The limit is 100 times the monthly payment amount.

●    Appraisal time only after 24 hours working quickly.

●    There is no fee to apply.

●    Pay off your loan whenever you want.

Limitations when borrowing money through life insurance

●    Only people who buy life insurance can participate in loans.

●    The limit is not specific but depends on the monthly premium of the insurance.

●    People with bad debt will not be supported to borrow money.

The life insurance contract is a financial guarantee for the bank to decide the loan limit, interest rate, and loan term.

The life insurance contract is a financial guarantee for the bank to decide the loan limit, interest rate, and loan term.

Interest rate when borrowing money with life insurance contract

Depending on each bank and term, customers participating in loans will have appropriate interest rates. Loan interest is calculated on the reducing balance of the loan. 

As of November 2021, at some banks, the interest rates for unsecured loans under life insurance are as follows:

●    For customers who provide a receipt for the last 6 months of premium, the interest rate ranges from 1.66%/month.

●     For customers who provide a receipt for the latest 3 months' premium, the interest rate ranges from 2.17%/month.

* Note: Interest rates are greatly influenced by the impact of financial markets and change continuously. Therefore, please contact your bank for detailed advice.

Instructions on the process of applying for a loan under life insurance

Conditions for unsecured loans under life insurance

●    Nationality: Customers are Vietnamese or foreigners currently residing in the legally recognized Vietnamese territory.

●    Age: from 20 - 60 years old, capable of fulfilling legal responsibilities.

●    Term of life insurance contract: at least 1 year or more.

●    Life insurance premium: at least 2 million/year

●    Customer history: no bad debt at any bank or credit institution is recorded on the CIC system.

Dossiers and procedures to apply for loans under life insurance

What do you need to get a life insurance loan ?

●    Personal legal documents: ID card, CCCD, household registration book, temporary residence book or valid legal residency documents.

●     Notarized copy of life insurance policy used for mortgage.

●    Receipt of monthly premium payment of life insurance, last 3 months or 6 months.

Special note:

●    If the customer does not have a receipt or invoice for premium payment, a confirmation of premium payment from the life insurance company can be used.

●     Customers bring original documents for direct comparison at the bank.

Where should I get a mortgage under life insurance ?

Vietcombank bank

In order to ensure the safety and transparency of the loan, Vietcombank requires customers who borrow under life insurance to provide an insurance policy in their own name, that the customer is not in bad debt or is in write off debts of other financial institutions.

The loan condition is the minimum annual insurance fee of 3 million VND, the loan limit can be 100 times higher than this fee. Flexible loan period from 12 - 36 months, can shorten the time in the loan process if customers demonstrate stable financial situation.

The way to calculate the unsecured loan interest rate by life insurance contract is about 1.66%/month, calculated according to the floating form based on the decreasing balance, the fluctuation range is about 0.5%.

To get a bank unsecured loan through life insurance, you must meet certain conditions and complete the required procedures

To get a bank unsecured loan through life insurance, you must meet certain conditions and complete the required procedures

Vietinbank

The life insurance unsecured loan interest rate applied by Vietinbank is considered to be low in the market, about 1.2%/month, calculated in the form of a decreasing balance, the interest margin ranges from 0.5 – 0.9%.

The maximum loan limit is 300 million VND, equivalent to about 100 times the minimum insurance premium required for the loan. Consumers can choose to borrow from 6 to 36 months, depending on their credit needs.

Bank Agribank

With a loan interest rate of only 1%/month, a loan limit of 70 million disbursed within the day, a maximum loan term of 36 months, allowing customers to pay off the loan whenever they want, Agribank's life insurance loan product is a timely lifeline for urgent consumer loan needs .

In case you have bad debt CIC , or do not meet the conditions and procedures for a bank loan, you should use another easier and more convenient loan method.

If you are in urgent need of money for consumption, the loan is not too large from 1 to 10 million, you can choose to use the CashBerry application .

Quick loan 10 million in a day with CashBerry

Coming to Cashberry, users can experience loan products with many outstanding advantages:

●    Diverse loan packages: Provide loan packages from 1 million to 10 million with a payment term of 10 - 30 days (the payment date can be extended).

●    Simple application: No complicated paperwork, no proof of income, just ID card or CCCD.

●    Fast approval and disbursement: Browse in 2 minutes, receive disbursement to your bank account right after the loan is approved.

●    Safety and transparency: Reputable lender, information security, clear and transparent costs.

Borrow money online, just need ID card, register right on the phone

Borrow money online, just need ID card, register right on the phone

With only 4 steps to apply for a Cashberry loan, you will immediately have a loan of up to 10 million VND:

●    Step 1: Download CashBerry app on CH Play or visit website cashberry.vn

●    Step 2: Fill in the loan application completely and accurately

●    Step 3: Wait for a few minutes for the system to review the application and receive a phone call to confirm the information (if any).

●    Step 4: Pay the loan on time or 1 day in advance

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.

The above is the basic information to help you better understand the form of loan under life insurance . Besides, if you have difficulty in getting a loan, you can immediately contact CashBerry for a free consultation.

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