Is Home Credit a scam, should I borrow money from Home Credit? Below Cashberry will answer your questions and provide quick loan solutions.
You must have heard a lot of rumors about the Home Credit lending organization. Which is a scam Home Credit, should not borrow here because of interest rates, complicated procedures, etc. So how to verify the truth around these rumors? Just take a few minutes to read the following article of CashBerry and you will have the answer right away.
What is Home Credit?
Home Credit, whose full name is Home Credit Vietnam Finance Company Limited, was officially put into operation in 2008 with the main field of activity being Home Credit installment consumer loans.
Home Credit is one of the leading consumer lending businesses in Vietnam. With low-interest consumer loan products, high loan limit, no need to mortgage assets, especially the procedure is extremely simple.
If you are looking for a FAST consumer loan product, SIMPLE PROCEDURES , you definitely cannot ignore this "popular" name HOME CREDIT . Currently, Home Credit has two large branches in Ho Chi Minh City, Hanoi and many other representative offices spread throughout the provinces.
Home Credit loans are popular today
Loans used for consumption purposes to purchase goods or services, provided to customers in the form of cash or transferred to an existing account.
This loan is designed for those of you who apply for a brand new or used motorbike from legitimate suppliers.
Electronic loans, electronics
This loan is designed to buy electronics, phones or home appliances like washing machines, refrigerators, TVs, LCDs, microwaves, etc.
Customers can purchase goods or services using Home Credit's credit card .
How much is the Home Credit loan interest rate?
Home Credit loan interest rate is quite attractive from only 1.66%/month. That interest rate will be adjusted depending on the loan support policy from Home Credit.
16.22 – 45%
5 million - 200 million VND
3 – 57 months
- Service charge
- Late payment fee
- Prepayment fee
Moreover, if any customer can prove their financial capacity and ability to repay, they will be given a cash loan by Home Credit with a large limit and a lower interest rate than that. For regular customers, paying on time also enjoys preferential interest rates.
Conditions for borrowing money from Home Credit
When applying for a Home Credit consumer loan, you need to meet the following conditions:
- Borrowers are Vietnamese citizens of working age from 18-60 years old.
- No bad debt / outstanding debt at Home Credit or other banks or credit institutions.
- The ability to perceive and control your best friend's behavior.
- If you can prove your monthly income, you will be able to borrow up to 20 million VND.
- If you cannot prove your income, you can only borrow up to 10 million VND.
Is Home Credit loan safe?
Should you borrow money from Home Credit is a question that many customers ask. Let's analyze the following things with Cashberry so that you can verify for yourself whether you should take out a Home Credit loan :
Advantages of borrowing money from Home Credit
When applying for a quick loan at Home Credit, you will have the following advantages:
- No collateral is required.
- No proof of monthly income is required.
- Flexible loan terms, lasting from 6 to 36 months.
- Loans can be received within the same day at more than 6,000 transaction points nationwide.
- Simple procedure, dedicated and professional consultants.
- Home Credit's transaction points are nationwide, so customers can easily apply for loans.
Cons when borrowing Home Credit
- When overdue for payment, customers will be fined and charged very high interest based on overdue balance (150% of normal interest rate) and late payment interest on overdue interest (interest rate of 10%). /five).
- Home Credit may text and/or call the Referee's phone numbers if you do not pay in full and on time.
- As for the cash loan, the customer must commit that there is no bad debt / outstanding debt at any credit institution at the time of signing the Contract at Home Credit. In case you violate this commitment, Home Credit is entitled to terminate the Contract ahead of time.
Home Credit loan processes and procedures take place in a clear, transparent and public manner with customers. Moreover, in all steps in the loan process, there is the presence and consent of both parties.
Because of these things, when encountering rumors that Home Credit is a scam, users need to calmly verify the truth. Moreover, customers will be fully advised on interest rate, installment period, loan limit and contract terms before deciding whether to borrow Home Credit or not.
So in the case:
- When you do not qualify for a loan from a bank or large financial company.
- Your credit score is not good, you have bad debt to the bank .
- You are in need of a small amount of money and short term time.
The effective solution for you is...
CashBerry - Fast and secure online money lending application 2022
CashBerry is a 24/7 online financial consulting and solutions platform to support your unexpected financial needs. Understanding the financial problems you are facing, we strive to bring you the simplest, fastest and most convenient financial solutions.
With CashBerry, you can borrow personal loans from a minimum credit limit of VND 500,000 up to your approved credit limit, up to VND 10,000,000.
At CashBerry, you can borrow money online anytime, anywhere, helping you solve financial difficulties in life. As long as you continue to repay the borrowed amount in full, CashBerry will have preferential policies for you such as: lowering interest rates, increasing loan limits, receiving great gifts, ...
What is special about CashBerry?
- Quick and easy online loan application.
- Online loans up to 10 million VND.
- Flexible loan period from 10 to 30 days.
- Access cash flow 24/7.
- Suitable for financial emergencies.
Necessary requirements when borrowing money at CashBerry
- Age: 18 and up
- Minimum income: 3 million VND
- Valid ID card
Instructions on how to get a quick loan online
There are 3 steps for you to own an online quick loan from 1 to 10 million:
- Step 1: Choose the right unit
You just need to research carefully to know if you are eligible to meet the loan or not? Then select the button “Apply for a loan”. CashBerry is one of the reputable units you can trust.
- Step 2: Fill in personal information
After choosing your own online loan application, you need to fill in the following information: loan amount and term, personal information, portrait photo and ID/CCCD,...
- Step 3: Review and disburse
The review system will notify you of the results via text message or call. If approved, please sign the contract to receive the disbursement.
Experience of online loans approved successfully for the first time
One, completely and accurately fill in all personal information to make records. The more accurate and detailed the information, the higher the loan approval rate.
Second, when entering a reference phone number, it should be entered correctly. The system will check, if it finds that the information you provided is incorrect, your application will be rejected immediately.
Third, choose a loan amount suitable to your income and financial capacity. Avoid borrowing more than you can afford.
Four, choose a reputable lender such as CashBerry financial company. Quick and easy loan approval in just 20 minutes. Loan interest rates are transparent and clear. Fees are listed fully and publicly. Those are the reasons why many customers choose and trust CashBerry services.
Borrowing money at credit institutions is one of the popular financial solutions today. Besides borrowing money from Home Credit, you can choose a reputable unit such as CashBerry. Life has many choices, choose wisely.