VayNhanh 1.0.9

VayNhanh is a digital loan platform designed to cater to the financial needs of individuals in Vietnam, offering services for business development, personal purchases, and emergency situations. The platform allows customers to apply for a range of loan products conveniently via their smartphones, providing 24/7 access to meet various financial requirements.

The application process is streamlined through a computerized review system, which enables users to receive feedback on their loan applications within a short timeframe. Once approved, the loan amount is swiftly transferred to the borrower’s digital wallet.

Eligibility Criteria:
To qualify for a loan from VayNhanh, applicants must meet the following conditions:

• Be at least 18 years old.
• Be a Vietnamese citizen.
• Have a regular source of income.

Application Process:
To apply for a loan, users should follow these steps:

1. Download the VayNhanh app.
2. Create an account using your phone number.
3. Provide basic personal information.
4. Submit your application.
5. Await loan approval.

Product Details:
- Loan Amount: 3,500,000 to 20,000,000 VND
- Loan Term: 91 days to 365 days
- Annual Percentage Rate (APR): 3% to 12%
- Management Fee: 1% to 5%
- Late Fees: Up to 0.1% per day on overdue amounts (capped at 18% of the unpaid balance). No hidden fees are applied beyond scheduled payments.

Example Calculation:
For a loan of 20,000,000 VND at an APR of 12% over a term of 91 days:
- Loan Interest = 20,000,000 VND x 12% / 365 x 92 = 604,931.5 VND
- Loan Fee = 20,000,000 VND x 3% = 600,000 VND
- Total Amount Received = 19,400,000 VND (after deducting the loan fee)
- Total Repayment Amount = 20,604,931.5 VND (including interest).

Security Assurance:
VayNhanh prioritizes the privacy and security of customer information, ensuring that personal data is not shared without explicit consent.

Contact Information:
Customer Service Email: [email protected]
Address: 1170/18 Duong 3/2, Phuong 12, Quán ll, Ho Chi Minh City, Vietnam