Borrowing money at Cash24 is not safe, scam? Is Cash24 from Fe Credit? How to identify a reputable loan address? All will be answered in this article.
Cash24 is not a new money lending company in the list of financial companies operating in Vietnam. However, is it safe to borrow money at Cash24? Is Cash24 a loan shark? Through this article, you will find a satisfactory answer.
What is Cash24 ?
an online cash solution provider and consultant . Provide management consulting services, support, and introduce online loan products from lenders to customers quickly, securely and safely. Lowest interest rate offer for the first loan package, get enough money to borrow, simple procedure, fast approval, same day disbursement.
Cash24h is a financial brand of Ideal Tech Joint Stock Company. This company is headquartered at 14th Floor, Ree Tower Building, No. 09 Doan Van Bo, Ward 12, District 4, Ho Chi Minh City.
Cash24 was established on April 9, 2019, operating in the field of financial management consulting. Tax code is 0315617981.
Outstanding features when borrowing money at Cash24 :
- The maximum loan amount at Cash24 is 15 million VND for each loan.
- Flexible repayment terms can range from short to long term. You can borrow money at Cash24 from 5 days to 6 months.
- Cash24's interest + fee is only 10%/30 days, suitable for those who need to borrow money for personal needs.
- Quick loan procedure, you only need ID card, account to receive money, you can borrow money here.
- Disbursement time is fast, the approval time at Cash2h only takes 5 minutes to register.
What are the conditions to borrow Cash24 money ?
- Be a Vietnamese citizen.
- The age to borrow money at Cash24 is from 20 years old to 59 years old.
- You do NOT need to prove your current job or income.
- Just need ID card to be able to borrow money at Cash24.
- DO NOT mortgage property as collateral for a loan.
Is Cash24's loan interest rate high?
Many people wonder how much Cash24 can borrow for the first time . The answer is that first-time borrowers will enjoy a zero interest rate policy within the first 14 days. After this time, the interest rate when borrowing money at Cash24 will start to apply.
Cash24 interest rate after the offer will be at 10%/30 days .
In each specific case, including loan limit and installment loan period, the interest rate may change. Customers should contact Cash24's customer service department to update the exact interest rate.
Summary of Cash24
Form of loan
Register online, no meeting
From 1 to 15 million VND
10% / 30 days
Already included in the interest rate
From 10 days to 12 months
Installment every month
As long as the ID card is valid
From 20 to 59 years old
During the day
Is Cash24 FE's ?
Many people wonder if Cash24 belongs to FE Credit? As shared above, Cash24 is a trademark of Ideal Tech Joint Stock Company located in the same building as FE's office block. In particular, the Director is Ivan Grytsenko - who concurrently holds the position of School of Business Development at FE Credit.
Cash24h acts as a platform to connect and find customers for FE Credit. Therefore, the loan application of customers registered with Cash24 will be approved by the application processing department of FE Credit and the loan will be disbursed through this company.
It can be seen that these two companies have a close relationship with each other and have many similarities with each other. So, is Cash24 from FE Credit? The answer here is yes. Cash24 is a subsidiary of FE Credit and was licensed to operate legally on April 9, 2019. Charter capital is provided by Vietnam Prosperity Joint Stock Commercial Bank (VPBank), so customers can be assured of the prestige and quality of service.
Cash24 reputable or scam?
It is the massive birth of many online loan applications, financial companies of unknown origin that make customers worry when they have a need to borrow money. So, is it reputable to borrow money at Cash24 ?
As mentioned above, Cash24 is a subsidiary of the leading prestigious financial company in Vietnam - FE Credit, in addition with the charter capital of VPBank, so customers can feel secure when borrowing here.
In addition, Cash 24 has a user-friendly interface, easy to operate and full of information. Policies, incentives, interest rates, and information related to loans are clearly and transparently presented. The staff support customers through the 24/7 customer care hotline, enthusiastic advice.
Characteristics of identifying black credit loans
Black credit will have the following characteristics:
- Not recognized by law and beyond the control of state agencies.
- High loan interest rates are often over 50%/year even up to 300%/year.
- Loan terms are very simple, no collateral required, no loan agreement or even word of mouth.
- No need to care about relatives or loan purposes.
- Disbursement time is fast, even 30 minutes after requesting for money.
- The limit is unlimited, from 5 to 10 million VND/one loan to hundreds of millions and billions of VND.
- Debt recovery when borrowers are late to pay or are insolvent can be by suppressing, threatening or illegally appropriating assets.
- Black credit is often supported by individuals and organizations that lend money to gangsters.
It can be said that in modern life, you will have many different choices, in addition to borrowing money at Cash24 , you can also borrow money quickly at CashBerry . This is also one of the safe and reputable online money lending services used by many customers.
The advantage of getting a loan with an ID card at CashBerry is the lowest interest rate in the market and super-fast disbursement time, with approval results in just 15 minutes.
Need to learn about online unsecured loan services via website/app , you can contact CashBerry Fanpage for free consultation. Hope you find the loan you want, solve your financial difficulties quickly.