Buying the latest phone in Vietnam is now a convenient and quick process, thanks to MoneyTap's phone loan. With flexible payment options and no hidden fees, MoneyTap is the easiest way to get a mobile phone without using a credit card.
Features and Benefits of MoneyTap’s Line of Credit as a Phone Loan
Quick approval - get a line of credit of up to VND 50 million instantly
Borrow as low as VND 1,000,000 or as high as your approved limit
Pay interest only on the amount you withdraw
Just a picture of your valid ID proof is all you need to get the phone loan
Use it like a credit card for online and offline purchase or 100% cash withdrawals – get rewards on your purchases
Choose a convenient loan term ranging from 3 to 48 months and repay the borrowed amount in flexible EMI
How to Get a Phone Loan on MoneyTap
Getting a loan via MoneyTap is convenient and accessible for everyone. All you need is the app installed and an ID card.
Here are the steps involved:
Download the MoneyTap Credit Line app
Fill your information and apply
Start using your MoneyTap Credit Line
Use it and pay it back in easy instalments
Minimum salary of 3,000,000 VND/month
Above 20 years and below 60 years
(photos of the front and back mandatory)
(Permanent Resident Book)
Original photograph required
(selfie from the app)
Reasons You’re Here
Want to upgrade to a new phone
The phone you want is out of your budget
Lost your phone, but do not have the money to get a replacement
Used the money you had saved for a phone on other unexpected purchases
Phone broke down and is beyond repair
Current phone is malfunctioning and is out of warranty
We lead connected lives today, and mobile phones keep us connected. They have become more of a necessity today as we use phones for almost everything – right from their basic uses like making and receiving calls, to more advanced uses like high-resolution cameras and GPS – smartphones have become an integral part of our life both personal and professional.
But these phones are expensive, and most people cannot afford it. This is where MoneyTap helps by providing phone loans.
How to Buy a Mobile Phone Without Credit Card?
You can get a mobile loan through a bank, financial institution, fintech companies or even an app on your phone. With app-based phone loans through MoneyTap, you can get approved for a personal line of credit of up to VND 50 million.
You can use this credit line to purchase your phone and convert this purchase into affordable monthly instalments. You also get a credit card to use your approved credit line for online and offline purchases.
Why Use MoneyTap's Credit Line to Buy a Phone?
MoneyTap offers affordable loans to buy a phone without burning a hole in your pocket.
You can get a loan of a higher amount
You enjoy a low-interest rate and save money
You can repay the loan on your own terms
You have the freedom to withdraw the money as and when you need
You pay interest only on the amount you borrow from your credit line
MoneyTap app is quick and easy to install and use. I got approved for a credit line much more than I needed to buy the phone. I withdrew the amount I needed and bought the phone I wanted. I paid interest only on the amount I borrowed. The rest of the money I plan to use it for buying the mobile accessories. With easy repayment options, MoneyTap is truly a great app to get money to buy whatever you want.
Buying a phone on loan is a good option to consider because you don't have to use your savings to buy a phone that is beyond your budget. You can repay the loan in easy and affordable monthly instalments.
When you want to buy a phone on loan, MoneyTap's credit line works like a mobile phone loan. MoneyTap approves a credit line in the loan amount range of VND 3 million to VND 50 million. You can withdraw as little as VND 1 million or up to your approved credit limit.
The interest is applied to the amount you borrow from MoneyTap's line of credit, and not on the entire credit limit approved. You have the option to choose the loan term, which starts from 3 months to 48 months. You can use the instalment calculator to find out how much instalment you will be paying each month for the amount you borrow.