Can I get an interest-free installment loan?

The inability of individuals to obtain installment loans for expensive goods such motorcycles, electronic devices, or cellphones has also been severely impacted by the current economic situation.

In that scenario, consumer finance companies have partnered with merchants to provide a variety of helpful financial solutions. And the 0% interest rate is one of the most supportive programs for consumer that strives to open-up room for consumers.

Advantages of installment loans

Undeniably, installment loans are a financial solution to help consumers soon achieve their shopping desires when they do not have enough one-time payments. This is a fast form of loan, no need to prove collateral, ease of process and less document required. Besides, the loan division into each tenure (6 months, 9 months, 48 ​​months...) allows customers to choose in accordance with the needs and financial capabilities of each individuals.

Especially, with the policy of 0% interest rate support from consumer finance companies in the current time, borrowers will reduce their financial burden because they do not need to pay all the money in one- go, equivalent with, they just pay the principal amount periodically for a certain of time until the loan is paid off as written in the contract.

The ability to borrow installment loans of consumers in difficult economic situation

Consumers' ability to borrow money on installments in the current environment is influenced by a variety of factors, including their credit history, income, and ability to pay policies. Therefore, consumers should consider their personal financial situation, employment status, and create a sound financial plan before deciding to take out an installment loan.

How to access 0% interest installment loan package?

Each consumer finance company has different terms and conditions applying the 0% installment loan to each retail system. Not all items can apply this program, to ensure their choice, customers should review and research loan products, selling prices, prepayments, tenure, etc. get the ideal product for your requirements as well as saving expense, and gain financial advantages.

With Shinhan Finance, the 0% interest installment loan package (*) is considered a practical solution to help Vietnamese consumers go through this difficult period. The program is known for its remarkable points such as: down payment 0 VND; credit limit up to 100 million VND; flexible tenure up to 12 months, which helps customers to be fully-active in payment plan.

The program is applied at leading systems in the retail industry with a wide range of product categories associated with Shinhan Finance, specifically:

• At the motorcycle shop system: Piaggio Viet Nam, Yamaha Viet Nam, Hoang Viet Honda
• At the electronics and electronics store system: Nguyen Kim, FPT Shop, Hoang Ha Mobile, CellphoneS, Di Dong Viet, Minh Tuan Mobile, Bach Long Mobile, Bach Tuong Phat, ZShop

In addition, Shinhan Finance is currently applying many other incentive programs. With the motto of assisting customers with flexible financial solutions, enabling our customers to fulfill their goals and upgrade their living standards. To learn more about these offers, please refer to the information here.

(*) Each retail system applies different terms and conditions, please contact the store for more details.