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

Filling in the registration form
Provide a phone number and fill in personal information. Register and send request for a loan.
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.
Receive money
After the application is approved, our partner will transfer the money to your account.
Make repayment to our partner according to the instructions.
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

Surely you are too familiar with the phrase monthly installment loans at commercial centers, large shopping malls. So what do you know about monthly installment loans?

Surely you are too familiar with the phrase monthly installment loans at commercial centers, large shopping malls. So what do you know about monthly installment loans?

What is a monthly installment loan?

Cash loan with monthly installments is a form of unsecured loan used by most users when they need to borrow money without collateral.

Installment borrowers rely entirely on their own creditworthiness to borrow money, with a high loan limit and a rather long loan term. Every month, customers will have to make installment payments to banks or credit institutions according to the agreement signed in the contract.

* Benefits of monthly installment loans vay

● Less restriction on loan amount: Loan amount can be up to half a billion dong.     

● Fast and convenient: Customers can have products to use right away without waiting as long as a mortgage loan.     

● Flexible repayment term: Customers choose a long or short repayment period, usually they can pay off within 3 months or 60 months depending on the loan amount in the form of a monthly installment loan.     

Monthly installment loan is a method of lending money in which the repayment amount is equal in installments. The amount of loan interest payable plus the principal amount divided to repay the debt. The repayment amount of each period is equal according to the agreement (contract) and the interest is calculated based on the principal balance and the actual term of the repayment period.

Usually the repayment period is 1 month, 3 months, 6 months or 12 months. Depending on the needs, prepaid financial ability and financial ability of the customer. Installment also applies to consumer loans, car loans, home purchases, etc. Installment loan interest rates are usually agreed upon by the lender and the borrower.

For example:

A person borrows 10 million money at 20% interest. So the principal is 10 million dong, the interest is 2 million dong = Total principal and interest is 12 million. If allocating into 12 payment terms, each period is 1 month, the repayment amount for each period is 1 million dong.

Notes when you take out a consumer loan with monthly installments

● Consider financial possibilities     

Consumer loans with monthly installments are reputable loans, so they have high interest rates and difficult regulations on monthly payment time and late penalties, etc.

If you are still a student and want to buy a phone or computer, you should not choose a consumer loan to reduce the burden on parents. Or if your finances are not stable, it is difficult to pay monthly, you should not choose this type of loan.

● Choose a reputable lender with low interest rates     

Please choose reputable and reliable shopping centers and stores, avoid going to small shopping locations because it is easy to encounter fake financial employees, ghost companies. Not only do you have to pay high interest rates, but you may also lose money.

It should be noted that the interest rate on installment loans is quite high, so if you really need money for urgent things or need to use items, new customers should buy installments or borrow on installments.

● Pay attention to the regulations in the repayment process     

Borrowers need to comply and strictly comply with the commitments stated in the contract. To avoid troubles and disputes that may arise later, the buyer should store all documents related to the purchase, sale and payment, in order to periodically reconcile the outstanding balance with the bank. Because there are many cases that have lost invoices, causing confusion, difficulties in settling debt payments later.

With reliable financial link shopping places, not only will the contract signing time be very fast, but you can also get preferential monthly installment loans with a loan interest rate of 0%.

How can I get a consumer loan in installments?

Currently, customers who need to borrow money to pay monthly installments can borrow in two forms as follows:

- Direct loan at a bank or financial company:

Customers will go to the bank or company to directly learn about the loan and sign the contract.

+ Advantages: customers will be able to hold money directly.

+ Limitations: disbursement time takes 2, 3 days.

- Borrowing when buying consumer goods at supermarkets, stores,... associated with banking and finance companies:

+ Advantages: You can buy online, register for online installments and sign a pre-drafted contract when you arrive at the place to receive the goods.

+ Limitations: customers will have to pay about 30% or 50% of the product value in advance, the rest will be paid according to the provisions of the contract.

Documents and procedures for quick loans with monthly installments

● For quick loan products with monthly installments without proof of income:     

Loan form

Required documents

Unsecured loan according to electricity bill

Identity card Household book Electricity and water bills.

Salary loan Vay

People's identity card Household book Labor contract.

Borrowing by Internet bill

People's identity card Household book Internet bill.

Borrowing under life insurance

People's identity card Household book Life insurance contract.

Borrowing according to vehicle documents

People's identity card Household book Motorcycle papers.

Borrow by phone sim

Identity card Household book Postpaid or prepaid phone bill.

● For quick loan products with monthly installments without collateral:     

- Fast loan installment according to salary, transfer interest rate from 0.85%/month: Identity card, household registration book, Labor contract, Salary statement.

- Quick loan with monthly installments according to cash salary: Identity card, household registration book, Labor contract.

What to do when you can't get a monthly installment loan?

It is still possible to own the item you love without having to take out an installment loan, which is to borrow money online with your Identity Card or Citizenship ID at CashBerry.

Online cash loans are the most popular form of unsecured loans today. Online cash loans are usually not too large but are limited to 10 million, short loan term of about 30 days.

However, online cash loans have a great advantage that is the super-fast disbursement time - usually within 24 hours after being approved. In addition, another great advantage of this form of loan is that the procedure is extremely simple. You just need to provide ID card and bank account number/ATM card number to apply for a loan.

CashBerry is a leading financial service provider that helps people with urgent money needs access funds within the same day.

To register at CashBerry, you need to download the CashBerry app at CH Play, then follow the instructions. Simple and easy registration steps done in just 5 minutes.

● Step 1: Download and install the app or visit     

● Step 2: Choose a loan.     

● Step 3: Fill in the information and take a photo of both sides of the ID card.     

● Step 4: Wait for approval and receive money.     

The status of your application will be notified by phone.

It can be seen that, you just need to sit at home with a phone or computer connected to the Internet to be able to apply for a loan. Don't forget CashBerry when you need money urgently, because CashBerry will support your capital immediately.

Do you still have questions about the monthly installment loan or how to get a super fast online loan? Please contact CashBerry for quick advice!

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