How to know the reliability of a credit institution
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29/3/2024

How to know the reliability of a credit institution

At present, there is a proliferation of entities masquerading as financial institutions, targeting fraud and the misappropriation of customers' assets. Such deceptive practices significantly erode the trustworthiness of genuine financial institutions. Thus, what indicators can assist customers in verifying the credibility of a financial institution?

Below are some suggestions that customers can refer to for easier identification of reputable financial institutions.

  1. Having been granted operating licenses by the State Bank of Vietnam, adhering strictly to the provisions of the Law on Credit Institutions, and other relevant regulations in the financial sector.
  1. Always transparent and clear with all information related to interest rates, terms, and procedures for lending on their official communication channels..
  1. All fees, including supplementary charges, are fully listed and publicly disclosed on various communication channels and at the service introduction points within the financial institution's network..
  1. Easily accessible verification and validation of information regarding the financial institution through search engines..

As one of the 16 consumer finance companies licensed by the State Bank of Vietnam, Shinhan Vietnam Finance Company Limited (Shinhan Finance) ensures customer data security; , clarify registration procedures/documentation, transparent loan contracts; and update all information thoroughly and publicly on its official communication channels.

Shinhan Finance, a member of the Shinhan Card Group (South Korea) with 100% foreign investment, pledges to uphold information security, transparency in registration procedures, and loan agreements for its customers. Renowned for its credibility and trustworthiness, Shinhan Finance not only offers a diverse range of loan products with appealing interest rates but also excels in its competitive edge within the market. Whether it's personal loans, livingneed loans or sales finance, Shinhan Finance stands as the sole financial institution in the market providing financing solutions for auto loans.

Shinhan Finance takes pride in being a steadfast financial partner for each client, ensuring swift access to capital to address all financial needs promptly and effectively.

Shinhan Finance has only the following official channels:

Shinhan Finance

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