Buzz
No need for income proof, just have your residence booklet and ID. In just 20 minutes of approval, you can borrow amounts up to several million dong.
Do you need a substantial amount to pay off debts, invest in your business, pay your child's tuition, buy essential items, cover medical expenses, or renovate your home within a few months, or even 1-2 years? Borrowing from friends and family can be bothersome. Nowadays, you can easily borrow money based on your ID and Household Registration (ID: Identification Card, SHK: Household Registration Book) without much hassle.
Borrow Money with Just ID and Household Registration Photo
What is the procedure for borrowing money with ID and Household Registration?
This is considered a popular form of unsecured borrowing, attracting many individuals. The advantage of this unsecured loan is that there's no need for income verification, no requirement for family ties, no need for asset collateral—just your ID and Household Registration or Temporary Residence at the current address for at least 6 months. So, whether you're a freelance business owner, small-scale trader, or a homemaker, you can access this type of loan.
This loan package suits various profiles, with a straightforward application process and same-day document approval, some places even claim to process it within 30 minutes. Subsequently, funds are disbursed to the customer's bank account or handed over directly within 1-3 days.
With this method, borrowers can access amounts up to 50 million dong over a period of 6 months to 3 years. Repayment is done through monthly installments until the debt is fully paid.
Depending on the borrowed amount and loan duration, the interest rate typically ranges from 20-30% per year. Additionally, you can explore various financial institutions offering different lending terms to calculate the monthly interest payment.
Some financial institutions offering this type of loan include: Home Credit Vietnam, Tima, Quick Loan, FE Credit, KienBank, Money a-z...
Is it advisable to borrow money using ID and Household Registration?
Due to the no-income-verification nature and reliance on just ID and Household Registration, the interest rates for this type of loan can be exceptionally high. Hence, it's crucial to carefully consider before committing to this loan, assessing your own repayment capability and the varying interest rates to devise a suitable plan.
Consider this loan option only in urgent situations where obtaining a substantial amount is challenging. Before borrowing, thoroughly research credit institutions and choose reputable ones to safeguard the assets you're using as collateral and secure an attractive interest rate. After signing the contract, diligently study the terms and adhere to them strictly to avoid complications later on.
Another factor to note is to base your borrowing decision on your repayment ability and monthly income. Determine how much to borrow and the repayment period to minimize penalties if you decide to repay the loan before the agreed term.
Currently, Home Credit is one of the financial institutions offering loans based on ID and Household Registration. You can explore this reputable financial organization by calling the Home Credit loan hotline at 02838999666 for the best advice.
