Education is the key to future success. However, most of the advanced level courses offered by universities can be quite expensive. Most of the times, students are not financially equipped to bear the burden of costly education.
MoneyTap offers online loans in Vietnam, which can be used as student loan or education loan. Additionally, with a MoneyTap credit line by your side, you can take care of not only education-related expenses but also other regular costs you incur while studying.
MoneyTap’s Student Loan Interest Rate and Eligibility
Rate of Interest
Varies from 22% to 35% pa
20 – 60 years
Minimum Salary Required
3.000.000 VND per month
3.000.000 VND to 5.000.000 VND
Features and Benefits of MoneyTap’s Line of Credit as a Student Loan
Instant approval of up to VND 50 Million
All you need is an ID to get started
Interest is charged only on the amount you withdraw and not on the entire credit limit approved
Ability to make transactions and earn rewards using MoneyTap credit card
Flexible and convenient repayment options with a loan term ranging from 3 to 48 months
Flexibility to withdraw as little as VND 1 Million or as high as VND 50 Million as many times as you want according to your financial needs
How to Get a Student Loan on MoneyTap
Getting a student loan through MoneyTap is a hassle-free process. 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
Payback and replenish your credit line
Min Salary Required: 3,000,000 dong
Age Limit: 20-60 years
(photos of the front and back mandatory)
(Permanent Resident Book)
Original photograph required
(selfie from the app)
Reasons You’re Here
Cannot afford but want to fund your child’s education and need instalment loans for students
Want to pay your child’s fees without any last-minute hassles
Looking for student loans to finance your child’s education abroad
Need money to pay your child’s college fees and other school/college expenses
Want money to meet education-related expenses, such as tuition fees, living expenses, uniforms, books, etc.
Interested in upgrading your job skills with advanced courses
Want to pursue higher education and earn advanced degrees at colleges across the country
Need money for student loan debt repayment
Money should not come in the way of education. MoneyTap’s personal line of credit for education can help you cover the education costs and allow you to keep money handy for later use, especially in emergencies. It’s a great way to ensure that you are not cash-strapped and are able to meet the expenses related to education without any hindrances.
Tips to Use a Personal Student Loan Responsibly
If you are applying for a loan for higher education, carefully look at your career options and possibilities you may have once you complete your course. Your job after the course should be able to repay your loan
Determine your budget and the amount you’ll need to borrow
Have a repayment plan in place. Your monthly instalments should not disturb your monthly budget
“I was the happiest when my daughter got a chance to study at the university. But, sadly, I could not afford the tuition fees. MoneyTap made borrowing easy for me. I installed the app and applied for a student loan. It’s a great app to borrow money when you need it the most.”
Student loans are quick cash loan offered to cover your education expenses. Sometimes, students need to borrow money urgently to pay tuition fees or other education-related expenses; a student loan can help cover these expenses.