Conditions for getting a Payday loan
You are in need of payday loans without mortgage of low interest rates according to vehicle documents but you are struggling to know what conditions to get a loan under the vehicle documents and how much you can borrow, how much interest. With the following article, we will provide you with the necessary information on the form of payday loans without mortgage interest rates through vehicle documents.
Currently, there are 4 forms of payday loan without low interest mortgage, among these 4 forms of borrowing, the form of borrowing money through vehicle papers is the most popular. The reason is because:
- People who need to borrow money just owning a motorbike can apply for a loan without having to mortgage the vehicle they are going to.
- Conditions for payday loans do not easily mortgage low interest rates, most customers can apply for loans in this form.
- Simple profile, quick procedure.
- No vehicle registration papers are kept.
- Large loan limits can meet borrowers’ needs.
See also: What procedures do students need to borrow money without interest?
- The flexible loan payment time is based on the financial condition of the borrower, and the bank will set a payment limit of 6 to 36 months.
- Customer information is absolutely confidential
- There is no need for a guarantee document from an agency, business, or place where you work.
- There is no need to prove the average monthly income as well as no guarantee of any assets when applying for a loan.
payday loans do not mortgage low interest rates under vehicle documents giving customers more special offers.
It can be said that payday loans without mortgage interest rates through the form of vehicle documents will bring customers many significant benefits. Therefore, the number of people applying for loans in this form is increasing, so the condition for getting a payday loan does not mortgage low interest rates according to the vehicle documents?
According to the regulations, if you want to borrow money without mortgage according to vehicle documents, you must satisfy the following conditions:
- Customers must be citizens of Vietnam, are in working age as prescribed (male is from 20 to 60 years old and female is from 20 to 55 years old). Note the age will be calculated until the end of the loan contract settlement period.
- Owning a motorbike with a vehicle value greater than or equal to VND 15 million and the life of the vehicle by the time of the loan must not exceed 48 months.
- The customer must be the owner of the name of the owner on the vehicle / tie sign.
- The value of the loan will be from 15 to 45 million VND depending on the needs of the customer.
- The loan period ranges from 6 months to 36 months depending on the economic capacity of the customer.
Conditions for payday loans do not mortgage low interest rates on very simple vehicle papers, most people can meet.
In addition, some banks will have an additional step to calculate the value of the vehicle at the time of registration for a loan to determine the loan limit. The interest rate when borrowing money in this form is also a competitive point for banks as well as financial institutions. The prevailing interest rate ranges from 2 to 3.5% in a month and depends on the current value of the vehicle.
Thus, with the above information, you must have grasped the necessary conditions to be able to borrow payday money without mortgage interest rates . If you have a need to borrow money and find that you can meet all of the above conditions, you should quickly make a file to send to the bank or financial institutions of prestige and quality to borrow money according to Your needs. If there are still other questions about the payday loan without mortgage with low interest rates through vehicle documents, you can send your questions to Thebank ‘s financial and economic experts. , surely you will get the most detailed and understandable answer.