MoneyTap’s Student Loan Interest Rate and Eligibility

Rate of Interest Varies from 22% to 35% pa
Minimum Age 20 – 60 years
Minimum Salary Required 3.000.000 VND per month
Loan Amount 3.000.000 VND to 5.000.000 VND

Features and Benefits of MoneyTap’s Line of Credit as a Student Loan

  • Instant Approval

    Instant approval of up to VND 50 Million

  • ID Card

    All you need is an ID to get started

  • Credit Limit

    Interest is charged only on the amount you withdraw and not on the entire credit limit approved

  • Earn Rewards

    Ability to make transactions and earn rewards using MoneyTap credit card

  • Flexible Repayment

    Flexible and convenient repayment options with a loan term ranging from 3 to 48 months

  • Flexibility Withdraw

    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:

Step 1: Download the MoneyTap Credit Line app

Step 2: Fill your information and apply

Step 3: Start using your MoneyTap Credit Line

Step 4: Payback and replenish your credit line

mobile app

Eligibility Criteria

  • Min Salary Required:
    3,000,000 dong

  • Age Limit:
    20-60 years

Documents Required

  • National ID

    (photos of the front and back mandatory)

  • Address Proof

    (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

student loan
  • 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

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Student Loan FAQs

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.

With MoneyTap, you can borrow up to 50M dong.

MoneyTap’s interest rate starts from 22-35% per year.

You have to be above 20 years and below 60 years to get a student loan from MoneyTap.