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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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Payment date: 1
To return: 1 ₫

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

Bad debt to borrow from which bank? Over 80% of banks will reject your application immediately if you are “BAD DEBT”. However, there are still ways to help you access the right loan package.

Bad debt makes it difficult for many people to get loans, even applications are rejected in all banking systems and credit institutions. This has a significant impact on life and business plans. So the question is: which bank to borrow bad debt from NPL have mortgage is not ?

In this article, CashBerry will help you classify bad debt, answer the question of whether bad debt can get a bank loan , and guide you how bad debt can still get a bank loan .

Understanding bank bad debt

According to the regulations of the State Bank, bad debt is a debt that is overdue for payment from 91 days. Common sources of bad debt are late credit card payments installment purchases that don't pay on time or loans from credit institutions.

All bad debt history will be stored on personal credit report at the National Credit Information Center (CIC), under the State Bank. Therefore, customers with bad debt or a history of bad debt will find it very difficult to get loans at banks.

Before finding out which bad debt loan from a bank is okay, let's consider what group you are having bad debt, what is your current credit status.

Classification of bad debt groups

Bank bad debt is not only something that borrowers worry about, but it is also a danger to the safety of banking operations. Therefore, the banking law has very strict regulations on the classification of bad debts and handling of bad debts. Currently, according to CIC's assessment, there are 5 groups of bad debts at 5 different levels.

Bad debt classification table based on CIC . assessment

Group 1

Qualified debt group

Less than 10 days

Group 2

Debt group needs attention

From 10 to 30 days

Group 3

Subprime debt

From 30 - 90 days

Group 4

Doubtful debt loss of capital

90 – 180 days

Group 5

Group of debt likely to lose capital

Over 180 days

When you have bad debt, the possibility of getting a bank loan is very low

When you have bad debt, the possibility of getting a bank loan is very low

Which bank can bad debt borrow?

Are you in bad debt and want to get a bank loan ? However, in the financial market, almost NO banks accept loans to customers when they have bad debts.

However, considering each specific case, some places may support bad debt to borrow from a bank if the borrower belongs to group 1 bad debt and has already paid. Group 1 bad debt customers can refer to loan packages at banks such as VIB, NCB. It is understandable that when you already have bad debt, the loan amount will be limited and the loan term is quite short.

For group 2 bad debt customers, when fully paid, after 12 months, bad debts will be written off on the CIC system. Similar to bad debt groups 3, 4 and 5, the term will be after 5 years.

So, through the above information, you have answered the question " Which bank do you have bad debt with ", right?

It can be understood simply that no bank accepts loans from customers with bad debts in groups 2,3,4,5. Places that provide bad debt support services for bank loans can only handle bad debt records of group 1, from group 2 onwards, it will be extremely difficult to get a loan.

Therefore, when borrowing from a bank , you should repay the loan on time and comply with the bank's regulations to avoid affecting the loan process later. If you already have bad debt, please pay it off quickly to get rid of the debt as quickly as possible.

Please pay all current debts to be approved for a loan back

Please pay all current debts to be approved for a loan back

Can bad debt get a mortgage ?

According to information from many banks, bad debts can still be mortgaged. However, the loan or not also needs to wait for the bank to consider before deciding.

Normally, bad debt group 1, after being paid off, can get a bank mortgage. But if it is bad debt from group 2 onwards, most banks will not grant credit of any kind. At that time, individual borrowers need to pay in full and wait for 5 years for the credit status on CIC to be updated and completely erased.

Can bad debt get loans from policy banks ?

Many people choose to borrow money at the Bank for Social Policies because of its attractive interest rates and many benefits. However, not everyone can easily get a loan at this bank because of the binding conditions and restrictions on the subjects.

According to the bank's regulations on loan conditions, individuals with bad debt will be considered for approval depending on each group. If it is a group 1 bad debt and is committed to paying off the debt on time, it can be considered and re-lent immediately.

For bad debt group 2, after a period of 12 months after the bad debt is resolved, it can be borrowed again. When falling into debt group 3, 4, 5, the time limit is after 5 years from the date of settlement of bad debts.

However, the question here is why banks do not lend when individuals have bad debt?

* Reasons why banks refuse to lend when they have bad debt

In the eyes of banks, most individuals fall into bad debt because of late repayment. The reason may be because the borrower's economy is difficult, the business is not favorable, leading to the inability to repay the loan. Or simply because their sense of debt repayment is too poor.

Therefore, the bank must consider or even refuse to lend if the borrower cannot guarantee the ability to repay the loan when it is due.

Most of the time, when you have bad debt in groups 3, 4, 5, you will not be able to borrow money at the bank

Most of the time, when you have bad debt in groups 3, 4, 5, you will not be able to borrow money at the bank

So how do I know which group I belong to, and how do I delete the bad debt history? We invite you to learn more about the following content.

How to check and delete bad debt

How to check bad debt

● Option 1:      

You can apply for a loan at any bank, at this time the bank staff will contact the CIC system to ask for a credit history check. If you have bad debt, they will inform you how long your bad debt is, where the debt is for you to know.

● Method 2:      

The next way, you can directly contact the CIC Center's switchboard number or visit their inspection website. Provide ID number information or other necessary information that they require in the contact section. Then, the system will send your bad debt history to the registered email.

Bad debt eradication experience

After checking bad debt, can you determine if you are eligible for review? Which bank can bad debt borrow ? Then proceed to apply for a loan again. In addition, you can also follow the bad debt removal experiences below:

- If you only have a debt of less than 10 million, go to the loan place, pay the entire debt including principal, interest, late payment fee,... Then you notify the staff to close the contract and request request for a certificate of liquidation of the overdue contract. You may have a new history next month, or it may take up to 12 months for it to be completely deleted. You should check regularly on the CIC system to understand your credit status.

- If you belong to the 3rd bad debt group onwards, you need to pay off the entire debt. At the same time, you have to wait until 5 years later for bad debt to be written off. As for whether you can borrow money or not, you have to register with the bank to know the results.

Borrowing money from a bank is the first thought of many people when facing financial difficulties. However, you cannot know if the loan application is approved or not because this depends on many issues. A major cause of loan disapproval is your bad credit history.

In case you need money urgently but cannot get a bank loan, what should you do?

Borrow money online, a convenient form of loan, help you get money fast within a day

Borrow money online, a convenient form of loan, help you get money fast within a day

Borrow money online to support bad debt at CashBerry

One thing is for sure, when you are in the group of serious bad debts, even if you pay the debt in full, banks will not accept loan requests right away.

Don't worry too much if you can't get a bank loan and don't rush to black credit for help.

Currently, there are many financial companies that support fast loans for customers with bad debts. And the form of borrowing money with ID card is the first choice. Not only resolving the situation of bad debt records, this service is also highly appreciated for its speed and convenience.

Among the units that provide quick online loan packages CashBerry is a reliable address. CashBerry supports you to access loan packages in the simplest way with the following advantages:

● Limit from 1,000,000 VND - 10,000,000 VND.      

● The duration of 7-30 days      

● Apply for a loan online at any time      

● Simple profile just need ID card or CCCD      

● Have an ATM card to receive money      

● Pay by 24/7 internet banking transfer or e-wallet      

Note when borrowing fast to support bad debt

Financial consulting companies provide online loan services, facilitating customers with bad debt to borrow money, but the maximum limit is about 10 million VND. Online loan interest rates will be higher than bank interest rates but still within the provisions of the Law.

Quick loans with bad debt only support short-term loan packages. So if you use that money for long-term investment, it should not be. To increase the approval rate, please provide complete and accurate information.

To get a quick loan, follow the instructions on the website or phone app . One thing to remember is to arrange to pay your debt on time to avoid penalty fees & impact on your credit history.

Borrowing money online CashBerry is the first choice for those with bad debt, no longer have the opportunity to borrow money at the bank. With outstanding advantages, the fast loan service by ID card will support many customers to overcome difficulties.

Above is the information to help you answer the question " Which bank to borrow bad debt from ". CashBerry believes that you can find an effective financial solution for yourself. Please visit the website cashber or download the CashBerry app on CH Play to get a quick loan in 24 hours.

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