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

Overdraft is a bank that allows a customer to spend more than the amount on the customer's account. The bank collects interest on the excess amount spent by the customer. For example: You are granted an overdraft limit on your account of VND 10 million, which means that when this account is empty, you can still withdraw up to 10 million. When you deposit money into this account, the negative amount will decrease accordingly. The bank will only charge interest on the negative amount in the account.

You: “There is an urgent need to spend, but the salary has not returned in time, what to do?”

CashBerry: “So, have you heard of an overdraft loan? Overdraft, a form of loan that allows you to use an amount beyond the amount currently in your account.”

In recent years, overdraft loans have been deployed by many banks with attractive preferential policies. However, not everyone understands what an overdraft is, how to get an overdraft, and which bank to borrow against.

In this article, CashBerry will answer the above questions, and point out the top 3 banks currently providing the best overdraft loans, according to reviews from many customers.

What is an overdraft loan?

Overdraft is a bank that allows a customer to spend more than the amount on the customer's account. The bank collects interest on the excess amount spent by the customer. For example: You are granted an overdraft limit on your account of VND 10 million, which means that when this account is empty, you can still withdraw up to 10 million. When you deposit money into this account, the negative amount will decrease accordingly. The bank will only charge interest on the negative amount in the account.

What types of overdraft loans are there?

There are two types of overdraft: unsecured overdraft (unsecured) and mortgage overdraft.

● Mortgage overdraft: You need collateral. This way will give you a higher limit, up to hundreds of millions of dong.     

● Unsecured overdraft loan: That is, no collateral is required. Banks usually lend you money on a salary account. However, the loan limit is usually not high, only 3-5 times the salary.     

1- Overdraft helps you to spend more than the amount in your account tài

Which bank should I borrow overdraft?

BIDV overdraft loan

If you are in urgent need of money when you do not know where to turn, you should register to open a BIDV overdraft card. BIDV overdraft loan procedures are simple and easy, especially in the form of loans without collateral. Moreover, BIDV also supports borrowers a lot in terms of loan limit, interest rate and repayment method for that loan.

● Overdraft limit: Equal to 5 months of customer's average income, up to a maximum of 100 million.     

● Interest rate: Interest rate is 17 - 20%/year, calculated on a gradually decreasing balance. This interest rate depends on the loan, customers and market interest rates. The late payment fee is 150% of the loan interest rate/late payment amount.     

● Term: Up to 12 months for customers who are granted the first time limit, up to 36 months for eligible customers to be automatically extended by BIDV.     

Agribank overdraft loan

Agribank is a 100% State-owned bank with branches and transaction offices nationwide. With unremitting efforts, Agribank plays an important role in Vietnam's economic development. Therefore, loan products at Agribank are chosen by many customers, especially salary overdraft loans.

● Characteristics: customers can use more than the amount on demand deposit accounts.     

● Purpose: to serve the needs of production and business activities and non-cash consumption of customers.     

● Overdraft limit: up to 100 million VND.     

● Overdraft term: up to 12 months;     

● Loan guarantee: Agribank considers granting overdraft limit with/without collateral.     

● Interest rate: According to regulations of Agribank from time to time. Agribank's current overdraft lending interest rates range from 17-20% per year.     

Vietcombank overdraft loan

Currently, Vietcombank's personal account overdraft is considered the optimal financial solution for customers, because it brings many benefits and conveniences:

● Limit: up to 30 million VND/month and lasts continuously for 12 months.     

● Interest rate: 15% to 16%/year and will change according to Vietcombank's regulations from time to time.     

2- Which bank should I borrow overdraft?

* * Each bank will have different lending policies. To understand the conditions and procedures to get an overdraft loan at the above banks, it is best to go to the counters at the bank branches for support. However, the general comment is that Vietcombank, Agribank and BIDV are all reputable banks, you can trust to borrow overdraft.

Should you borrow overdraft?

Borrowing overdraft in case of urgent need for money to consume in a short time when the salary is not available is a useful financial option. However, overdraft interest rates are still quite high. Popular interest rates are usually 1.5 times higher than other loan methods.

In addition, not all subjects are approved by the bank for overdraft loans. In addition to meeting the conditions set by the bank, you must also prove your financial capacity and provide relevant documents. Therefore, the process of overdraft loans at these banks is still quite demanding and takes a long time.

If you are a person who has a habit of overspending and does not know how to control spending, you should consider before taking out an overdraft loan. It is essential when borrowing from a bank that you need to ensure your ability to pay before borrowing, so as not to fall into a salary situation just to repay the loan.

The question is:

│What should I do if I can't get a bank overdraft?│

The answer is...

Borrow money online from 1-10 million a day at CashBerry

Borrowing money online is one of the simplest and easiest forms of borrowing today. Online cash loans are deployed by many financial institutions. However, outstanding among them is CashBerry - an organization that provides online cash loans with an extremely friendly and easy-to-implement loan process.

3-

The combination of finance and technology must be the most magical thing that experts have created.

Today, instead of having to spend time and effort to go to the bank to borrow money, thanks to finance and technology, or fintech, you can completely sit at home, with only smartphones and the internet to easy loan.

Borrow money at CashBerry:

* Limit: 1,000,000 VND - 10,000,000 VND

* Term: 30 - 180 days

* Interest rate: from 0.9%/month

To apply for an online CashBerry loan, you can do it in 2 ways. First, visit the website cashberry.vn. Second, download the CashBerry app on CH Play.

Here are 04 great benefits when you use the form of online loan at CashBerry.

● Simple procedure     

You only need to show your identity card and bank account to be able to borrow at CashBerry.

● 100% Online     

No need to spend time or effort going to a bank or financial institution, just sitting at home with a computer or phone with an internet connection, you can borrow at CashBerry. All loan steps are 100% online.

● Receive money in 24 hours     

Only 24 hours after the loan package is confirmed, you will receive the money immediately. This is the perfect solution if you are in urgent need of money.

4-

● Increase credit limit on the 2nd loan     

With the first loan, the loan amount may not be too much. But at the second loan, the amount you are approved to borrow can increase significantly up to 10 million VND.

With these great benefits, it can be said that CashBerry loan application is more popular and popular than ever. If you can't borrow overdraft, then borrow money online! Do not hesitate any longer without downloading the CashBerry online loan application to solve all your financial needs.

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