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Filling in the registration form
Provide a phone number and fill in personal information. Register and send request for a loan.
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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

In this article, CashBerry will provide you with the top 5 banks that lend money to study abroad with preferential interest rates, and help you answer the question "Should I borrow money from a bank to study abroad?" For those who are still wondering.

Studying abroad opens up new horizons of knowledge and exposure to different cultures. However, scholarships are not for everyone and not everyone is financially able to cover the full cost of studying abroad. The question is whether to borrow money to study abroad, how to get a bank loan to study abroad and which is the best bank to lend money to study abroad?

In this article, CashBerry will provide you with the top 5 banks that lend money to study abroad with preferential interest rates, and help you answer the question "Should I borrow money from a bank to study abroad?" For those who are still wondering. 

Top 5 banks that lend money to study abroad with good interest rates

Currently, there are many banks that deploy loan programs to study abroad, study abroad loans without collateral for customers to choose from. Here are some preferential study abroad loan banks that you can refer to:

Borrow money to study in VietinBank


● Borrowers: Relatives of international students/overseas students.     

● Collateral: Owned by relatives of international students/overseas students/third parties.     

● Interest rate is about 7.7%/year.     

Borrow money to study Sacombank


● Loans up to 100% of tuition fees and study abroad expenses.     

● Preferential interest rate of 7.8%/year.     

● Special: From March 31, 2020, the lending interest rate bracket at Sacombank for all customers has been adjusted down from 0.5% - 1%.     

● Loan term up to 10 years.     

● Flexible loan and repayment methods.     

● Sacombank closely links with overseas study consulting companies across the country, so loans are supported quickly and in a timely manner.     

● Secured assets for flexible loans: Real estate, cars with less than 9 seats, savings cards/deposit balance/documents.     

Techcombank study abroad loan


● Borrowing currency: VND.     

● The maximum loan limit for studying abroad is up to 85% of the total cost of the course, including airfare, tuition fees, visa costs, insurance, etc. and living expenses during the course of study; or up to 95% of the customer's financial proof needs.     

● Loan term: Minimum 03 months and maximum 120 months.     

● Interest rate from 10.99%/year.     

● Debt repayment method: Interest is paid monthly, principal is as agreed upon by Techcombank and customers, but principal is not paid at the end of the period.     

Borrow money to study ACB


● Suitable for needs: Support to pay for study abroad expenses according to needs.     

● Fast: Simple procedure, quick processing time.     

● Flexible: Flexible repayment method. Interest paid monthly/quarterly; Capital is paid by the method of capital contribution or laddered capital contribution.     

● Interest rates range from only 7.5%/year.     

Borrow money to study at BIDV


● Borrowing currency: VND.     

● Loan limit: 100% of collateral value.     

● Loan period: Up to 10 years, repayment grace period up to 5 years.     

● Flexible repayment method.     

● Loan insurance: Secured by the borrower's or 3rd party's assets.     

● Interest rate: 7.3%/year.     

* * Note: The interest rate of the above study abroad loan program is for reference only and will change according to the lending policy of each bank. Customers can go to the branch/transaction office of the bank they are interested in for advice on the applicable study loan interest rate at that bank.

Types of student loans

When there is a need for a student loan, customers will be able to borrow in one of the following two forms:

● Mortgage loan: This is a common form in banks today. Customers need to have collateral when borrowing, the loan limit is from 80-100% of the value of the collateral, the relatively low interest rate is only 6.5%/year .     

● Unsecured loans: Customers do not need to have collateral, just need to prove their financial ability and meet all the conditions and procedures required by the bank. The maximum loan limit is up to 100% of the cost of studying abroad. Loan interest rate is quite high from 11%/year .     

How should I get a student loan?

Thus, when you have a need for a student loan, you can go to a bank to ask for a loan and enjoy a preferential interest rate. However, when deciding to borrow money to study abroad, you and your family also need to pay attention to other issues besides interest rates to be able to balance the source of debt repayment in the future.

According to financial advisors, borrowers should choose a mortgage loan method to enjoy the best interest rate. At the same time, borrowers should also choose to borrow by package to enjoy many utilities in terms of prices, fees, and application procedures.

One more note that you need to remember to take advantage of the loan effectively is the fees in addition to interest. Because, when borrowing loans at banks, you will have to pay additional fees in addition to interest, depending on different banks. Therefore, it is advisable to borrow from a bank that has a low external cost.

Which country should I borrow to study abroad?

The choice of country to study abroad is of great importance, they will directly affect your career orientation, and your loan needs. Here are some typical countries that you should consider:

● Borrow money to study in Japan     

● Borrow money to study in Singapore     

● Borrow money to study in Canada     

● Borrow money to study in Australia     

● Borrow money to study in Finland     

● Borrow money to study in the US     

Notes when applying for a bank loan to study abroad

After you have selected a country to study abroad, a bank to borrow money, you need to pay attention to the following issues to be able to take advantage of the loan effectively.

- Non-interest charges:

When taking out a loan from a bank, you will have to pay additional fees in addition to interest. And this fee can be high or low depending on different banks, so which bank has a low external cost. Therefore, when applying for a student loan, you also need to check what fees are payable and how much is the total.

Required documents for loan:

● ID card, household registration book or other relevant papers     

● Loan application form according to the bank's form     

● Documents related to international students: Admission notice of foreign school     

● Documents related to collateral     

- Debt payment time:

Should a bank study abroad loan have a longer flexible repayment period to create conditions for students to graduate from school and work to earn money to repay the loan. Pay special attention to the time of applying the preferential interest rate, after the incentive to avoid misunderstandings later.

- Read the loan contract carefully:

Please read the loan contract carefully to understand the mandatory terms such as the time to pay the debt, the penalty fees, how long the late payment will be fined… Read it carefully and if there is any If something is not favorable for you, please ask again for a clear answer.

Each bank will deploy a student loan program with different incentives. Therefore, parents or students need to carefully study the loan policy of each bank and choose the best loan address.

If you are sure with your decision to borrow money to study abroad, you should contact your bank for detailed instructions. And if you are still wondering whether to borrow money to study abroad, refer to the information below to find out the answer.

Want to study abroad but have no money: Should you borrow money to study abroad?

Why should you borrow money to study abroad?

Studying abroad is not only an opportunity to study in an advanced and modern environment, but also a door to the most open knowledge horizons. Some industries are not even properly trained in the country (new technology, computer engineering, intercultural communication, globalization...).

Moreover, going to study abroad, you will not only learn letters but also learn about research methods, ways of thinking, analyzing problems in the most scientific and effective way or simply to have the opportunity. develop their language skills. A dynamic learning environment, many reputable reference books and equal relationships with professors are also great advantages of studying abroad.

Those who have worked before probably know that studying abroad is also an important step for their career, greatly contributing to the promotion of officials and salaries later. Studying abroad can therefore be seen as a visionary investment for each person's career.

With the significant difference in exchange rates and the open policy of many governments on working visas for international students (UK government, Australian government, etc.), many international students have been able to "completely complete their work". capital” by joining foreign companies after graduation or returning home to start a business.

However, this ideal perspective does not come to everyone because not everyone succeeds in an international education or working environment.

And why should you not borrow money to study abroad?

Let's talk about the repayment plan first. Are you sure you can afford to stay in the host country to work after graduation, when the number of international students who want to apply for a job is as large as you and the economic situation in Western countries (especially is in Europe) always in a state of crisis alarm?

While a lot of local students are also falling into unemployment, what are you confident about when your language ability is definitely not equal to them? For the Humanities and Social Sciences majors with very high language requirements, this is clearly a weakness of Vietnamese students.

In case you only borrow enough money to spend the first time (for example for the first year) and decide to work part-time to earn money, will you be brave enough to take on both part-time jobs? and study, to be able to complete the program with high results? After finishing school, will that part-time job be enough to pay back the loan amount or are you still stuck on the original debt (while studying is unlikely to be affected)?

When borrowing, you also have to face the problem of interest rates. If your family can't afford to pay this regular interest, you're not putting the burden on your loved one, while the time to graduate and get a job is still far ahead.

CashBerry has talked with many international students who have difficulty with their studies. A lot of you go to the US to study at community colleges because funding doesn't allow them to go to university in the first place. They set off to study abroad with the thought of getting that degree or diploma and risking all living expenses for part-time jobs (many of which are illegal jobs). 

After two years of study, the part-time job was just enough for them to survive in the US without being able to pay for college tuition, while the initial debt was still outstanding. That is the reason why they have to continue to register for other College programs to stay, while forever unable to go to University and pay off debt. Turning the problem around, if they study at a university in Vietnam and only borrow money to study in their final year of a Master's degree abroad, perhaps the financial burden will be much less, and the value of the degree will also be higher?

Frankly, with a community college degree, the opportunity to get a job in Vietnam is even quite difficult in the time of home - everyone has international qualifications, let alone get a job in Vietnam. foreign?

That said, borrowing money to study abroad is a strategy that needs to be carefully thought out. You must have at least one thing on hand (the cost of the first year of study abroad or the ability to get a part-time job to support your living expenses) then you should borrow. Many of you give a loan figure that should be less than 50% of the total tuition fee, but CashBerry thinks this number is unrealistic because each international student will have different circumstances and the possibility of arising is not impossible. .

In short, CashBerry's answer is to borrow if you are confident in your ability to repay the loan as well as really motivated to develop with the degree you will receive. But it is not advisable if the debt is too large with the condition that the self and the development plan are still vague. And you, are you willing to borrow money to study abroad? If you still have questions, need financial advice, please contact CashBerry for quick support!

● Customer care: 1900 63 83 85         

● Support for settlement instructions: 028 7306 8385         

● Email:         

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