F88 Online application will bring customers convenience and speed in borrowing money by registering/checking motorbikes.
A. Loan value:
– From 3 million to 2 billion
B. Loan period: (minimum and maximum period for repayment)
– Minimum 3 months and maximum 18 months.
C. Debt repayment method:
– Pay principal, interest and monthly loan fees, or
– Pay interest, monthly loan costs and repay principal at the end of the loan term.
D. Disbursement form:
– Disbursement by cash or bank transfer.
E. Loan packages:
– Universal loan package
– Preferential loan package with early settlement fee
– Preferential loan package for workers and office employees
– Preferential loan packages and special loan packages are limited in terms of subjects and number of participating contracts. For more detailed information, please register for consultation
F. Interest and loan costs:
1) Interest and loan costs are calculated based on the fixed principal balance.
2) Loan costs include: Loan management service fee, Asset management service fee.
3) There are no other fees except early payment penalties or late payment fees.
4) Loan management service fee is calculated based on the value of the loan and is used to maintain and manage the loan account. This includes processing loan documents, maintaining records and
Provide support services throughout the loan process. This fee ensures that the loan management process takes place smoothly and professionally, bringing convenience and peace of mind to you when borrowing money at F88.
5) Asset management service fees are calculated based on the value of the collateral and the time that asset is managed. This is a fee used to pay for asset management activities, helping F88 continue to support borrowers in using their secured assets. This ensures that assets are managed professionally and effectively, bringing maximum benefit to both the borrower and F88.
6) Interest and loan costs will be determined depending on the value of the collateral, loan term and loan value.
7) Interest and loan costs will be fully and accurately provided on the loan contract.
8) Borrowers can receive a quote of interest and loan costs after being advised on a suitable loan package.
9) Interest and loan costs (APR) if converted, on fixed loan balance, will be equivalent to 31.68%/year. Which includes:
· Interest rate: 0.9% / month
· Fee 1.74% / month. Which includes:
· Loan management service fee: 0.8% / month
· Asset management service fee from 0.94%/month
10) For example:
Customer signs a loan contract of 200,000,000 VND for a period of 12 months, interest and loan fee (APR) 31.68%/year, Customer chooses the monthly payment method of principal, interest and loan costs. So each month the customer will pay 21,939,666vnd. Which includes:
· Monthly interest rate (0.9%) is 1,796,000 VND
· Monthly loan management service fee (0.8%) is 1,597,000 VND
· Monthly asset management service fee (0.94%) is 1,880,000 VND
Thus, the total payment amount including interest, loan fees and principal is 263,276,000 VND
F88 Business Joint Stock Company
Address Room 206, Floor M, Building N01A, No. 275 Nguyen Trai, Thanh Xuan Trung Ward, Thanh Xuan District, Hanoi City, Vietnam. Website: https://online.f88.vn/ Terms: https://f88.vn/dieu-khoan-thi-hanh Facebook: https://www.facebook.com/f88vietnam
Hotline: 1800 6388