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Are you urgently in need of funds for expenses, medical bills, or investments but unable to borrow from family, friends, or traditional banks? You've heard of online installment loan apps with fast application processing times and reasonable interest rates but unsure about the loan procedures, wondering if they are complicated?
Detailed installment loan procedures at Avay.
Don't worry, this article shares the 'Avay loan procedures' below by Mytour will help you address your concerns. Referring to and applying the information in this article to the Avay loan application process also increases the chances of your application being approved, helping you receive the disbursed loan amount from Avay in the shortest time possible.
Loan procedures at Avay
1. Eligibility for Avay Cash Loans.
- Being a citizen residing and working in Vietnam, aged between 21 and 65
- Having a stable income of over 3 million dong per month
- Possessing a citizen's identity card (Avay does not accept individuals using military ID cards to apply for loans)
2. Avay Loan Documents
To increase the chances of getting your loan application approved by Avay, you'll need the following documents:
- Personal Phone Number (Viettel, Mobiphone, Vinaphone). However, Avay prioritizes customers who register with a Viettel phone number.
- Personal Information: ID card number, household registration book, full name, date of birth, loan purpose, current address, etc.
Note: In case you use phone numbers from Vinaphone or Mobiphone to register for a loan at Avay, Avay advisors may ask for additional personal information such as motorcycle registration, salary statement, insurance contract number, motorcycle registration, electricity bill, water bill, etc.
3. Applying for a Loan at Avay
To apply for a loan at Avay, please visit the Avay.vn website or download Avay (an online loan application) to your mobile phone, enter personal information (ID card number, phone number, income level, address, etc.), and then press the 'register' button.
Submitting loan applications via the Avay app on your mobile phone
Avay Loan Interface
4. Steps to Avay Loan on Avay.vn Website
Borrowing money at Avay is quite simple. Immediately after you complete the loan application on the Avay website/app, Avay's system will analyze and provide the loan approval result via text message to you (Avay evaluates applications through phone numbers and personal information to assess your credit score). If your application is valid, Avay staff will call to advise on loan packages with interest rates suitable for your conditions and guide you to prepare all necessary documents to disburse the loan in the shortest time possible.
Details about the Avay loan process have been compiled by Mytour in the article How to Borrow Money from Avay. Please click on the article link for reference.
5. How to Repay Loans at Avay
Depending on the requirements of banks or lending institutions, you can choose to repay your Avay loan through collection points, bank branches, or by transferring funds to the designated account.
If you wish to repay your Avay loan before the due date, you will incur a penalty fee (ranging from 5% to 5.5% calculated on the remaining principal amount of the loan).
These are all the details regarding the loan procedures at Avay compiled by Mytour. For any inquiries or issues during the loan process at Avay, you can contact the Avay hotline for assistance and support.
