Buzz
Doctor Dong is a brand for online pawn loans with loan limits ranging from 1,000,000 - 10,000,000 VND per transaction. With fast and simple loan procedures, and an interest rate starting from 10.95% per annum, Doctor Dong is a popular choice for those in urgent need of money for spending or investment, unable to borrow from family, friends, or access loan packages from mainstream banks.
Despite the convenience Doctor Dong offers, agreeing to quickly borrow money from them may bring some drawbacks: Facing high interest rates for late repayment, personal information exposure, receiving annoying text messages, or unintentionally or intentionally failing to repay the loan on time leading to personal information sale.
To minimize the risks you might encounter when borrowing from Doctor Dong, it's advisable to refer to the article 'things to consider when borrowing money from Doctor Dong' below by Mytour.
Considerations when Borrowing from Doctor Dong
1. Should you borrow money from Doctor Dong or not?
Borrowing from Doctor Dong comes with certain benefits and drawbacks. Although the loan interest rates and service fees are quite high, Doctor Dong processes, approves loan applications, and disburses loans quickly and easily.
Therefore, if you need to borrow money urgently to handle work matters and it's inconvenient to borrow from family or friends, you can apply for a quick loan from Doctor Dong. However, immediately after borrowing, you need to find a way to arrange repayment of the loan from Doctor Dong quickly, without delaying, as interest accumulates or you may face harassment later.
2. Loan Packages at Doctor Dong
Currently, the loan packages at Doctor Dong are designed to meet the short-term borrowing needs of borrowers. The minimum loan amount ranges from 1,000,000 - 10,000,000 VND.
For first-time borrowers, the maximum amount you can borrow is 2,500,000 VND and interest is waived for the first 10 days. For subsequent borrowings, Doctor Dong can lend you a maximum of 10,000,000 VND.
Details of loan packages at Doctor Dong
3. Loan Methods at Doctor Dong
Currently, Doctor Dong is organizing loans in the form of asset pawn. That means, to be approved for a loan, you need to own at least one type of collateral, such as a motorbike, phone, electricity bill, insurance bill, etc.
4. Interest Rates, Approval Fees, Loan File Management at Doctor Dong
- The loan interest rates at Doctor Dong range from 10.95% to 39% per annum
- The loan management fee is 2% per day, and the loan application approval fee is around 240,000 VND per transaction
- The penalty fee for late repayment at Doctor Dong is very high, ranging from 20 to 30% per day
Depending on the loan package, loan duration, and your credit score at Doctor Dong, the loan interest rates will be adjusted accordingly. However, before agreeing to borrow money from Doctor Dong, you need to calculate and carefully consider choosing the appropriate loan package and loan duration based on your repayment ability.
5. Re-borrowing from Doctor Dong
If you're unable to repay the loan on time at Doctor Dong, you can call Doctor Dong's hotline (1900636072) to receive guidance on how to re-borrow or extend the loan at Doctor Dong.
6. Repayment of Loans at Doctor Dong
Immediately after receiving the repayment request message, you need to arrange the required amount and proceed to repay the loan at Doctor Dong using one of the following methods:
- Transfer payment from Vạn An Phát company's account at SCB bank
- Repay your loan to Doctor Dong through authorized collection agents: Payoo transaction points, Viettel Post transaction points, Momo transaction points, etc.
Note: To fully settle your loan with Doctor Dong, it's advisable to proactively call Doctor Dong's hotline to inquire about the loan amount, loan interest rate, total amount to be repaid for the loan up to the payment time, to avoid being charged with late payment interest by Doctor Dong for not repaying the loan on time.
These are some important points to note when borrowing money from Doctor Dong that Mytour has compiled. If you want to add more information about borrowing money from Doctor Dong, please leave a comment below the article, and we will discuss to find the best answer to your issue.
