Frequently Asked Questions
MoneyTapis Asia’s first app-based credit-line for consumers, offered in partnership with FE Credit.
Customers can borrow any amount from this limit multiple times. Interest is charged only on the used limit, not on the total approved limit. The interest rate starts as low as 35% per annum. Customers can choose flexible repayment options on the app with installment tenure choice of 2 - 36 months. The limit also gets automatically replenished as soon as the installments are paid back.
Get approved for the credit limit now so that you can have money at your disposal whenever you need it. Once your credit limit is approved, you can borrow any amount whenever you want. The interest will be charged only on the amount you use and when you use it.
All you need:
- National ID (front and back photo)
- Mobile Number
- Selfie (to be uploaded on the MoneyTap app)
Once you get the final approval, your MoneyTap Credit Line will be set up on your phone. Just visit your nearest BIDV branch and show the OTP SMS received on your phone along with your Vietnam ID at the counter to get your desired amount in cash. You can choose the desired amount & installment tenure on the app.