Buzz
In recent years, the online lending service, offering loans without the need for face-to-face meetings, has rapidly developed in the Vietnamese market. Some famous lending brands frequently mentioned include Tima, FE Credit, F88, Cashwagon, Robocash,...
Considering the short-term pawn loan market with small loan amounts (from 1,000,000 to 10,000,000 VND), Robocash emerges as a simple, easy-to-use brand chosen by many.
Unlocking Robocash Loan Procedures
How to Borrow Money from Robocash
Currently, you can apply for a loan in two ways: through the Robocash website and the Robocash app. The registration steps for borrowing from Robocash through these two methods are quite similar. Therefore, Mytour will guide you through the process of borrowing money on the Robocash website. Those applying for loans through the Robocash app will follow similar steps as outlined in this article.
Step 1: Visit the Robocash.vn website, select the desired loan amount, and click 'apply for loan'
Step 2: Enter personal information: full name, phone number, password, click 'I agree to the website's terms of use, privacy policy', then click 'continue'
Step 3: Enter the confirmation code sent to your registered phone number, click 'confirm'
Step 4: Enter personal details: ID card/passport number, residential address, phone brand in use, duration of residence,..., following the instructions on the screen, click 'continue'
Step 5: Enter occupation information: Occupation, monthly income, relative information, click confirm
Step 6: Your loan account approval notification will appear on the screen. Check the loan amount, duration, fees, and repayment date, then press 'receive money'
Step 7: Enter your bank account information, bank name,..., and click 'confirm'.
After clicking 'confirm' for the online loan from Robocash, your phone will receive a secret code via SMS. Then, the loan will be transferred directly to the bank account number you registered
With simple, fast loan registration steps, done 100% online, your loan application and receipt of money will be completed within 1 hour.
However, based on our experience (borrowing 1,000,000 VND for 30 days, total repayment amount is 1,546,500 VND, equivalent to an interest rate of about 18% per day). Compared to market interest rates, this is a very high interest rate. Therefore, in the subjective opinion of Mytour, you should only borrow from Robocash when in urgent need of money and unable to borrow from family or friends. Additionally, you should also read articles on things to consider when borrowing from Robocash to understand important information in the loan contract, thus carefully selecting loans suitable for your financial conditions.
