|Moneyveo Online Loan 1-10 million with ID/CCCD
Previously, when we wanted to borrow money, we were mostly limited to borrowing directly from individuals or organizations, the most typical being borrowing from banks. Nowadays, thanks to technological advancements, you no longer need to spend time traveling or deal with excessive paperwork and complicated procedures. Online lending through various online applications is becoming increasingly popular and widespread. Moneyveo is one of such services. Let’s take a detailed look at this service in the following content.
What is Moneyveo?
MoneyVeo is the name of an application that provides online lending services based on peer-to-peer lending platform (P2P Lending). This means that MoneyVeo does not lend its own money but acts as an intermediary connecting individuals who have idle money to lend and individuals who need to borrow funds. Despite being an intermediary, this platform ensures trust and safety that you can fully rely on.
|Convenient online loan application
The loans facilitated by MoneyVeo are short-term loans, with the most favorable interest rates, ranging from 7 to 30 days. The service provides a maximum loan of 2 million for new customers and 10 million for existing customers with a good credit history. With this flexibility, it has become a preferred choice for consumers, whether for investing or borrowing money.
Legal Information about MoneyVeo
At this point, you must be curious about the ownership and clear information of MoneyVeo. Specifically, the responsible entity for the website moneyveo.vn and related application is the Moneyveo Vietnam Company Limited.
|Legal information with tax ID, address, and specific representatives
The company was established on 03/04/2020 with the legal representative being Mr. Nguyen Xuan Quang. The registered business address of Moneyveo Vietnam Company Limited is 21 Nguyen Trung Ngan, Ben Nghe Ward, District 1, Ho Chi Minh City. The company’s tax identification number is 0316182035.
Additionally, please note that the disbursement operations of Moneyveo are carried out through Nguyen Xi Pawnshop Company Limited, which specializes in pawnbroking. It was established on 10/02/2020 at Tầng 8, 102 Nguyen Xi, Ward 26, Binh Thanh District, Ho Chi Minh City, with the legal representative being Mr. Tran Dinh Chuong.
Review of MoneyVeo Loan Application
With many Vietnamese people, especially those who rarely pay attention to financial matters, the name MoneyVeo may indeed sound unfamiliar. So what are the detailed reviews about this loan application? Without making you wait any longer, let’s explore and evaluate MoneyVeo in more detail through the following basic content.
Advantages and disadvantages of MoneyVeo
After a period of operation, MoneyVeo has shown the following prominent advantages and disadvantages:
Advantages of MoneyVeo:
- Automatic and intelligent approval based on credit history.
- Simple procedures, only need a Citizen Identity Card (CCCD).
- No need for face-to-face meetings, assessment of residence or workplace, or income verification.
- Favorable, transparent, and publicly disclosed interest rates.
- Fast disbursement.
- Utmost data security.
|Advantages of MoneyVeo
Disadvantages of MoneyVeo:
Despite having many advantages, MoneyVeo still has some drawbacks as follows:
- Low borrowing limit, suitable only for personal expenses, not for business loans, home construction, or land purchase.
- Short loan terms (ranging from 7 to 30 days).
- Higher fees and interest rates compared to banks.
Eligibility for borrowing from MoneyVeo
In the above section, we evaluated the borrowing conditions of MoneyVeo to be simple. So, what are the specific eligibility criteria?
Specifically, the application will approve and allow users to apply for a loan if the individual is aged between 18 and 60, holds Vietnamese nationality, and has an income of at least 3 million VND. You need to provide a valid Citizen Identity Card (CCCD) image, with a clear and unexpired number, to prove your identity. Additionally, the bank account and phone number associated with the borrower must be under their own name.
Loan limit, interest rates, and loan terms of MoneyVeo
Currently, the borrowing limit of MoneyVeo ranges from a minimum of 1 million VND to a maximum of 10 million VND with an annual interest rate of 18.25%. However, please note that the maximum loan amount is applicable only to customers with a good credit history. The loan term at MoneyVeo is from 7 to 30 days. Apart from the borrowed amount and interest, the application will also calculate additional fees such as consulting fees, service fees, late payment fees, loan extension fees, etc.
Compared to the average interest rate in many other loan applications (20%), the interest rate at MoneyVeo is relatively low. However, the accompanying fees are considered excessive and high, while the loan term is too short.
Guide to applying for a loan and making payments with MoneyVeo
If the above comments still do not give you a clear picture of MoneyVeo, let’s follow the basic instructions below on how to apply for a loan and make payments. This will help you determine if the application demands transparency and fairness.
How to apply for a loan at MoneyVeo
To apply for a loan at MoneyVeo, you can visit moneyveo.vn and follow these steps:
Step 1. Choose the loan amount and duration
On the homepage of moneyveo.vn, select the desired loan amount and repayment period by sliding the corresponding bar. The initial loan limit is from 1 to 2 million VND, and the repayment time is from 7 to 30 days. The longer the loan duration, the larger the interest and fees to be paid.
Select the loan amount and repayment period to begin the loan application
Corresponding to each choice, the system will display the total amount to be paid, including: Principal + interest + advisory fees. If you accept the interest rate and fees, select the “Register” button to continue.
Step 2. Fill in personal information
Name and Phone Number are the first basic information you need to provide. After completing and verifying the information accurately, click “Apply for a Loan.”
From the information received, the system will call your mobile number to provide an OTP code. You will enter this 4-digit code into the corresponding box to confirm your phone number and proceed.
Step 3. Update your Citizen Identity Card (CCCD) / National ID and upload photos
Moneyveo.vn requires borrowers to provide their National ID or CCCD. Currently, CCCD is gradually replacing National ID, so it’s best to prioritize this document. Fill in the required information and then upload photos of CCCD and a portrait photo as requested by the system. Note: The uploaded photos should be clear and bright to avoid verification issues.
Step 4. Update your current address
MoneyVeo also requires borrowers to provide their current residential address and fill in this information in detail. If you are living in a rented place, specify the room number and the address of the rented place as per the temporary residence registration.
Step 5. Update your employment information
The employment information required by the system includes employment status, position, company name, monthly income, etc. Additionally, the system also requires providing two phone numbers of relatives, friends, or colleagues.
Step 6. Update your bank account
At this step, you will fill in your bank account information that is registered under your own name. The system will verify whether this account number exists.
Step 7. Submit the MoneyVeo loan application
After verifying the bank account number, MoneyVeo will display the loan information for you to review once again. Then, enter the OTP code to confirm and wait for the system to receive, review the application, and disburse the loan.
How to repay the loan at MoneyVeo
Has the above guide on applying for a loan at MoneyVeo helped you understand this application? Let’s explore further how to make repayments to get a comprehensive view of this online lending method. Specifically, currently, MoneyVeo allows online payments via Internet Banking or direct payments at the bank.
Bank partners of MoneyVeo are reputable and well-known institutions such as Vietcombank, Techcombank, BIDV, Vietinbank, VPBank, DongA Bank, VIB, MB, ACB, MSB, SeaBank, and many others. Therefore, making payments through banks for this loan application is quite straightforward.
However, you should also note that the receiving account of MoneyVeo differs for customers who borrowed before and after November 17, 2020.
For loans taken before November 17, 2020, the beneficiary is BAOKIM-THINHVUONG <CUSTOMER’S NAME> (For example: BAOKIM-THINHVUONG NGUYEN VAN A), and the beneficiary bank is WOORIBANK.
For loans taken from November 17, 2020, the beneficiary is BK CONG TY TNHH DICH VU DOI NO SONG BAO, and the beneficiary bank is VPBANK.
The details of the beneficiary account are attached to the email/message sent to you by the MoneyVeo system. Please use this information for the transfer/payment accurately to avoid any confusion.
The sharing and reviews about MoneyVeo above have provided you with a better understanding of this application. It can be said that this application is quite reputable, optimized, and meets the needs of quick and efficient loaning, saving significant time, while applying a relatively economical and attractive interest rate. Overall, you can trust this platform to obtain the desired amount.
However, stay vigilant and wise to avoid losses and disruptions to your life and work when borrowing money. VSM wishes you to find the most suitable and sensible choice for your upcoming plans.