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

How much interest is called usury. How will loan sharks be penalized, will they go to jail, how to avoid encountering black credit. Find out now!

Currently, the situation of lending money with high interest rates is still common. Many people fell into poverty because they were controlled by gangs and loan sharks . So how high does a loan with a high interest rate be considered a loan shark ? And how to be criminally handled?

What is loan sharking?

Loan sharking is a common phrase to refer to cases of lending with high interest rates , and according to the Penal Code and Resolution 01/2021/NQ-HDTP, it is called “ usury lending”. So, how much is a loan shark ?

 According to Clause 1, Article 2 of Resolution 01/2021/NQ-HDTP, heavy interest lending is the case where the lender lends money to the borrower at an interest rate of 5 times or more than the highest interest rate specified in Clause 1 of this Article. 468 of the Civil Code.

Specifically, the highest interest rate in the Civil Code is 20%/year of the loan amount, unless otherwise specified.

If the loan is made with other assets (other than money), the value of that property must be converted into cash at the time of transferring the borrowed property.

Question: How will usury loans be penalized ?

Imprisonment up to 3 years for loan sharking

Article 201, Penal Code 2015 (amended and supplemented 2017) stipulates the crime of "Lending heavy interest in civil transactions":

  1. Those who, in a civil transaction, lend at an interest rate 5 times or more than the highest interest rate prescribed in the Civil Code, gain an illegal profit of between VND 30 million and under VND 100 million, or have been sanction an administrative violation for this act or have been sentenced for this crime, have not yet been remitted but continue to commit it, shall be subject to a fine of between VND 50 million and VND 200 million or non-custodial reform for up to 3 years. five.
  2. Committing the crime and earning an illegal profit of 100 million dong or more, the offenders shall be subject to a fine of between 200 million dong and 1 billion dong 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 million and VND 100 million, a ban from holding certain posts, practicing certain professions or doing certain jobs for one to five years.

It can be seen that loan sharking not only makes themselves and their families fall into default , unable to pay, even life-threatening. So, why do many people still choose black credit sharks ?

The interest rate of 180%/year is still usury, why?

The question is that everyone knows that with usury, the borrower is at risk of defaulting on the loan, breaking the door, and the black credit shark can go to jail. However, the phenomenon of usury still proliferated, developed and became an underground flow causing many consequences for society.

Statistics from a recent credit conference show that currently, about 47% of Vietnamese people borrow money, but only 18.5% borrow from credit institutions and official financial institutions, the rest is borrowing from relatives, friends or black credit.

At the end of 2021, the seminar "Warning of black credit traps, promoting official credit channels" organized by Lao Dong Newspaper raised this very hot issue. still afraid to borrow money from a bank because they think that they will encounter many complicated procedures and regulations on mortgages and papers.

Although there are many efforts from the State Bank and official credit institutions, it is clear that more solutions are needed to simplify the conditions for people to easily access consumer loan packages .

And an important part from the people's awareness and understanding: Having to know how to say no to loans that seem to be simple in terms of procedures but contain the risk of usury and then be flooded with debt . there is no exit.

What is the alternative to the black credit usury ?

You need money urgently , bank loans are not eligible, so why not choose online loan form on website/app . This is a modern, easy and fast way to borrow money online, helping to solve the urgent loan needs of many customers.

What is an online loan?

Borrowing money online or borrowing money through online applications is the trend of the 4.0 technology era. With just a smartphone or laptop with an Internet connection, you can easily contact 1 million to 10 million online loans without having to go directly to a bank branch or company. finance for loan procedures.

Benefits customers receive when borrowing online

It can be said that the biggest advantage of this online loan is its speed, ease, and especially, it helps to limit the raging black credit situation.

When wanting to borrow 1 to 10 million, the first address that consumers think of is always a bank or a financial company. The advantage of getting a loan at a bank is that the safety and transparency of the loan is always guaranteed, but the lending conditions are often quite strict, the loan procedure requires many complicated documents.

In contrast, loans at financial companies have the advantage of easy loan conditions and procedures, but the lending interest rates are often quite high, and the transparency of the loan is still open. Many people look to hot loan services, loan sharks, etc. to solve urgent and short-term financial needs.

However, this has many potential risks that can cause problems for individual borrowers and their families. Therefore, borrowing money through online applications and online loans solves the above problems.

Not only simple and fast, tightening the operation of online loan applications makes the transparency of loans through these applications become better. Therefore, if you are denied a loan at a bank or financial company, getting a loan from 1-10 million online through online applications is a useful and convenient financial solution.

With a flexible loan limit and super-fast disbursement time, the online loan application becomes a safe lifeline for many people's financial problems, thereby limiting the search for "black credit". , contributing to limiting the "expansion" of "black credit" in the credit market.

Above is information related to loan sharks and solutions to help you avoid running into bad credit. Need money urgently with simple procedures, not necessarily private loans, loan sharks. You can find CashBerry, a 24/7 online loan consulting service. Contact us via Fanpage for more detailed advice!

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