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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

Helping you understand what credit loan is? As well as consulting optimal financial solutions, accompanying you to overcome financial difficulties!

Helping you understand what credit loan is? As well as consulting optimal financial solutions, accompanying you to overcome financial difficulties!

As people's business and production needs get bigger and bigger, their range of capital must be increased more and more to best complement these living activities. However, not everyone has the money to cover their full financial needs. Since then, credit relations arose and banking came into being.

Over many years of development, the bank has affirmed its role in providing capital to customers through credit relations.

For you to understand what a loan is, what is a credit loan, CashBerry will provide specific information below.

Find out the form of bank credit loan

Before you learn what a "credit" is, you must understand the nature of "lending".

1. What is loan?

Under Article 4 of the Law on Credit Institutions 2010, lending is a form of credit in which the lender assigns or commits to hand over money to the borrower for a legitimate purpose in a certain time as agreed by both parties. The borrower must commit to repay both principal and interest to the lender on time as agreed by the two parties.

2. Credit and credit loan concepts

Lending, also known as credit, is a party (lender) providing financial resources to another object (the borrower). In which the borrower will repay the lender finance for an agreed period and usually with interest. Because this activity creates a debt, the lender is also called the creditor, the borrower is called the debtor. Thus, credit reflects the relationship between the two parties - One side is the lender, and the other is the borrower. The relationship between the two parties is bound by credit mechanism, loan term agreement, interest payable, ...

In essence, credit is an expression of the economic relationship associated with the creation and use of credit funds to satisfy the temporary capital needs for reproduction and life, according to the principle of refund. pay.

In other words, credit lending or credit is a form of bank financing for customers. A bank or finance company will lend money to a customer for a certain period of time so that they can satisfy needs such as buying a house, buying a car or buying other items.

This form of birth satisfies the "thirst for capital" needs not only of businesses but also individuals who regularly arise with different needs in life.

Along with the concept of credit is credit interest rate, which is the cost that borrowers need to pay to banks in order to use the funds of this institution over a certain period of time.

The interest rate will determine the total amount of interest the borrower will pay to the bank. As a result, credit packages with lower interest rates are generally more popular.

3. The popular forms of credit loans today

- Sort by time

● Short-term loans: are loans with a loan term of 12 months or less.     

● Medium term loan: period from 1 to 5 years. The medium-term borrowers are for the purpose of consuming loans, buying cars, building and repairing houses. For businesses, use this loan to expand production, upgrade facilities, ...     

● Long-term loans: are loans with a loan term of more than 5 years. Often these loans are for the purpose of real estate sales.     

- Classification according to the purpose of using money

● Loans for production and business: are loans to invest in expanding production and business: importing goods, purchasing equipment, factories, renovating technology, ...     

● Consumer loan: is a loan applied to individual customers, for the purpose of purchasing household appliances, weddings, medical treatment, travel, ...     

● Loans to buy houses, build and repair houses, ...     

- Classified by collateral

● Collateral (mortgage loan): is a loan that requires collateral such as a house, car, savings book, valuable voucher or a third party guarantee.     

● Unsecured loan (unsecured loan): also known as unsecured loan. This is a form of loan based on the customer's reputation, income level, working position, and social status to lend.     

- Classification by debt repayment method

● Installment loan: is a form of repayment periodically every month, quarter or 6 months.     

● Lending lump-sum: is a form of repayment of a loan that includes both capital and interest.     

● Loan paid by agreement: can be paid in the form of monthly steps or repay by an amount each period according to the agreement between the borrower and the lender.     

Related concepts of credit

What is black credit?

Black credit is an informal activity. This is a form of usury loan made by individuals or organizations outside the control of the law.

The interest rates of black credit are usually not regulated, most of them are set by individuals or lenders and are often very high, exceeding the provisions of the current Vietnamese law.

We can easily see black credit loans everywhere with simple and concise advertisements such as: "Just call xxx to have money". These black credit activities often hide in the form of loans via apps or direct loans, which many people confuse with peer-to-peer (P2P lending) activities performed by financial institutions.

Despite being warned, many people still find this method because of the fast disbursement time and simple procedures. Just through a phone call and face-to-face, the borrower can own the money in hand without having to prepare complicated financial documents or proofs.

However, the consequences of borrowing black credit as everyone knew before are extremely terrible. It's best to stay away from black credit to limit your risk.

Is a credit card a form of credit?

Applying for a MasterCard or Visa card, although the same name is credit, it is not in the category of credit in question. The concept of credit refers to the relationship of borrowing and lending. And the opening and issuing of credit cards is based on the reputation of the individual who opens the card so that the bank accepts to issue the card.

Although the form of opening a credit card also provides some capital to the user, the amount from the credit card is only a transaction when the cardholder uses it. But what is the nature of a credit card?

Swiping the ATM card, you are spending with your money available in it. On the contrary, when paying with a credit card, you are actually spending with the money borrowed before the bank. However, many customers, especially young people, often forget this when faced with shopping traps.

After a maximum of 45 days, users have to refund the money spent, but in fact, many people only pay the minimum balance instead of the entire purchase amount in the month. Currently, the interest rates of banks are quite high, from 20-30% a year. Therefore, you should only spend with your credit card the money that you will definitely refund within the month. If not, you will get deep in debt.

In addition to the payment function, customer owners can also borrow capital via credit card to spend, shop and serve other consumer purposes.

* Credit card loan

Unsecured loans by credit card, credit card loan is a form of loan for customers who own credit cards of banks. That means the lender will consider the limit as well as the customer's credit card statement to issue another cash loan for the customer to spend.

This form of potential is more risky than other cash loans. Because the credit card limit is essentially a loan from the bank. Your lender replenishes another loan that could result in your spending beyond your ability to pay.

However, if you use your credit card for a monthly installment loan, you will receive many incentives.

Today, Vietcombank is one of the most prestigious banks in Vietnam in providing banking products to a wide range of users. Vietcombank credit is the preferred form of borrowing by many people because of its outstanding features of simple procedures, fast approval and disbursement time, and reasonable interest rates.

Loans with Vietcombank credit

Level

No need of collateral, no 3rd party guarantee, a customer who borrows money with unsecured form at Vietcombank can borrow up to 500 million dong.

Condition

- Customers aged from 21 - 55 (for women) and not more than 58 (for men).

- Cadres, civil servants, public employees, employees working under the state payroll regime or labor contracts at organizations wishing to borrow consumer loans in accordance with Vietcombank's loan regulations.

- Salary is paid in the form of salary transfer with a salary of 12 million or more.

- Having a labor contract of 12 months or more.

- The borrower himself must be living and working in an area with a bank or branch under Vietcombank.

Customers who can satisfy the above conditions can apply for unsecured loans at Vietcombank. At the same time, when you want to make a unsecured loan, customers should also review their loan history or check CIC about their bad debt situation. If the customer belongs to the CIC group of bad debts, it will be extremely difficult to borrow unsecured loans for Vietcombank, or even not be considered for lending.

Procedure

- Identity card: ID card photocopy (need to bring the original for comparison), Family record book / KT3 where the customer resides or is temporarily residing, ...

- Proof of income: Current payroll, Payroll, Insurance book or other documents such as electricity bill, ..

- Application for unsecured loan according to Vietcombank's form.

- Other relevant papers (if any).

These are the basic procedures for unsecured loans for Vietcombank, customers who wish to borrow money can actively prepare for the easiest loan process.

Interest rate

Due to the characteristics of unsecured loans are loans of small value, in a short period of time. Therefore, the mortgage interest rate for Vietcombank 2020 is usually higher than the normal mortgage interest rate.

Currently, the interest rate that Vietcombank applies to customers ranges from about 0.9% / month - 1.2% / month. At the same time, currently, a number of borrowers for needs belonging to several groups of sectors have their interest rates adjusted with an extremely attractive interest rate of 6% / year. These customer groups will include:

● Group 1: Enterprises operating in the field of agricultural and rural development according to the Government's regulations on credit policy for agricultural and rural development.     

● Group 2: Enterprises implementing export trading plans according to the provisions of the Commercial Law and its guiding documents.     

● Group 3: Loans for small and medium-sized enterprises under the Government's regulations on assistance to small and medium-sized enterprises.     

● Group 4: Supporting industry development projects under the Government's regulations on supporting industry development.     

● Group 5: Loans for business of hi-tech enterprises as prescribed in the Law on High Technology and guiding documents of the Law on High Technology.     

Currently, in addition to credit loans from Vietcombank to buy a house, buy a car, and do business, there is also a form of unsecured consumer loans. If you only want to take a short-term loan with small and medium amounts of money to spend and shop, you can choose this loan.

What is consumer unsecured loan?

Consumer mortgage loan (also known as unsecured consumer loan) is a form of loan for personal spending purposes. Borrowers do not need collateral, credit institutions will rely entirely on the reputation of the borrower to determine their ability to repay and decide whether to lend or not.

Consumer mortgage loans from credit institutions have many benefits for borrowers. First, the lender will not require the borrower to have any collateral.

Next, the application process for consumer unsecured loans is quite simple. The customer only has to provide a handful of personal documents depending on the loan product, the amount of paper less and much simpler than a mortgage loan.

Also, when you apply for a consumer unsecured loan, the credit institution does not pay too much attention to the details of your loan purpose. You do not need to disclose the details of how your loan is used, as long as it is for the purpose of a consumer loan to satisfy the loan product's eligibility. Credit institutions will pay more attention to your solvency to make loan or decline decisions.

The drawback of consumer unsecured loans is that you will incur a higher interest rate than conventional mortgages. In addition, if you want to settle the loan before the contract term, there will also be a fee for the prepayment amount depending on the time of settlement.

Therefore, before deciding to borrow money , you should have a careful study of the form of a loan, calculate loan methods, find out the right credit institution for you.

You need to be careful with the terms of the loan agreement before formally signing the consumer mortgage loan application. Once you know exactly about your ability to pay each month, know how much your payment will be in your monthly income, if you can pay it and still live as normal, then boldly borrow money from the Reputable credit institutions like CashBerry.

?? You may be interested: Quickly borrow money online during the day, just ID card, no mortgage, register now !

CashBerry - Smart online loan form, for modern people

CashBerry is a consulting platform and provides online financial solutions 24/7, to support your extraordinary financial needs.

Understanding the financial problems you are facing, we try to bring you the simplest, fastest and most convenient financial solutions.

Digital Platform One Member Limited Company is a unit that manages and performs financial advisory and connection activities with our lending partners.

Our lending partner is Lending Platform TradingDV Company Limited with Business Registration Certificate No. 0316078299 issued by the Department of Planning and Investment of Ho Chi Minh City on December 27, 2019.

Level

CashBerry is making unsecured consumer loans , online loans only need ID very quickly. The service is launched to support customers to get quick cash loans to meet consumer needs in daily life.

Information about this form of loan is as follows:

- Limit: Maximum 10 million.

- Subjects registered to borrow with ID card

+ Nationality: Vietnamese.

+ Age: Over 18.

+ Income: Stable.

+ Region: Nationwide of Vietnam.

- Loan period: Flexible, 90 - 180 days.

How to calculate loan interest

When borrowing identity cards at CashBerry Vietnam, customers only have to pay interest rates of 10.95 - 14.6% / year, equivalent to 0.9 - 1.2% / month.

Advantages of unsecured loans by ID card at CashBerry

* Fast loan approval time: only 20 minutes

* Transparent interest rate: clearly displayed on the loan agreement

* Simple procedure: just take 2-sided photo of ID card

* Non-mortgage loan: no collateral is required

* No application fee fee: consulting service and loan registration guide are completely free

* Easy online payment: payment via bank transfer

* Track the loan anytime, anywhere: with only an Internet-connected phone, you can access your account to check whenever you want.

CashBerry credit loan experience

The loan will bring you a positive effect, helping you to overcome life obstacles, if you meet the following problems.

● Determine the purpose of the loan     

What is the purpose of taking out a loan for credit? You need to be clear. Because when determining the purpose of borrowing money, you will choose the amount you need to borrow, which form of loan will meet the solvency you need. You should clearly define for the payment of interest and to use the loan effectively.

● Determine personal financial capacity     

This is the important thing that you need to clarify. Especially consider how much money you earn each month. Then divide an amount to keep the family living. How much money is left and is it enough to pay the bank monthly or not. If you do not look closely you will not have enough money to pay the bank.

● Determine the most suitable interest rate     

Loans on credit without payrolls or a mortgage pay interest every month. Depending on the type of loan and the type of loan, you will incur high or low interest rates. Therefore, you must determine your loan interest rate accurately. Understand the interest rate incentives in the category you borrow to determine the appropriate interest rate. In addition, you also need to consider the repayment period to facilitate payment.

It is time to acknowledge the role of consumer finance companies in the Vietnamese economy by helping to reverse the negative effects of black credit, while providing people with organized and transparent loans.

Before consumer finance became popular in Vietnam for the past 10 years, black credit with excessively high interest rates was familiar in every corner from urban to rural.

It will take more than one good purpose behind every consumer finance company to facilitate the growth of this industry in Vietnam. These are educational activities for the majority of people to help them understand what consumer credit really is and how this loan will help them improve their lives. Thereby, the consumer finance businesses themselves and their customers feel satisfied.

When awareness is raised, black credit will be pushed back from the market, ensuring a healthy and transparent financial system for the country.

You do not understand well about credit loans, fear of getting entangled in black credit. Rest assured, CashBerry - online financial consulting service wherever you are, will help you avoid falling into the black credit trap and offer solutions to help you borrow money quickly , get out of financial difficulties right now!

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