Not being passive means needing money at any time - there is a time, withdrawing immediately and paying interest on the amount withdrawn. That is the desire of many workers. However, currently on the market there is almost no loan product that meets this desire.
Mr. Trung's family (41 years old), a welder at a small iron factory in Dong Nai , has been renting for 10 years. His wife does sewing at home, and their two children are still young and often sick. Apart from a motorbike, there is nothing valuable in the house. Every time his child is sick or his salary is late, he feels like he is sitting on fire. There was even a time when he had to borrow money from a savings association and then struggle to pay it off for a whole year. At times like that, he just hopes someone will give him a loan in advance, even a small one, but it must be flexible.
"They lend me money and I'm happy, but there are places that require me to receive money in one lump sum, and then pay interest right away. I'm worried about taking the money and spending it all, and when I need it, I don't have it and I still have to pay interest. There are places that lend me money in parts, but when I need it, I have to go back and redo the paperwork. It's too passive and time-consuming! Working in a factory, I can't go anytime, and when they finish work, they're already off," Trung shared his concerns.
Three months ago, he still remembers, when his child had a seizure, he went to the hospital with only 1 million in his pocket. His wife was worried, she could only hug her child and cry... But for the past month, his family's life has been less difficult. Partly because he got a raise, 300 thousand/day, partly because he found a suitable loan solution. "When my youngest son got married in the countryside, the whole family moved back together. It happened to be the time when my parents needed an additional 3 million for the wedding ceremony, so I withdrew the money and gave it to them right away. It was also a loan, but it helped me solve the emergency situation right away. My parents thought I was doing well and had savings, they were very happy, as if I was completely healthy. Being a son, that is how I was able to show my filial piety," he excitedly said.
According to him, the suitable financial solution is the Revolving Limit loan package provided by F88. For him, this loan package has many advantages such as easy loan conditions when no proof of income is required; simple loan process when it can be done on the My F88 application and only having to go to the store once to hand over vehicle documents...
But the most impressive thing is that you are given a loan limit in your My F88 account and can divide that amount into many withdrawals, receiving money immediately. Interest and loan fees will be calculated on the actual withdrawal amount, not on the total loan limit.
"I borrowed 20 million for my car ," he pointed to the car next to him. "When I went back to my hometown, I withdrew 7 million, then withdrew another 3 million. So the actual loan is 10 million, I only have to pay interest on this 10 million. The remaining 10 million is in my account, I can withdraw it when needed. This way of borrowing helps me be more proactive in life, as if I have a financial backup," he concluded.
People like Mr. Trung are called informal workers. According to the General Statistics Office, in the fourth quarter of 2024, the whole country had up to 33.2 million such workers. The common points are unstable jobs, no labor contracts, low income, not fully enjoying insurance and welfare regimes, and often having difficulty borrowing from banks. Therefore, they tend to look for alternative forms of borrowing such as mortgages, buy now, pay later, peer-to-peer loans or short-term loans...
F88 is a business that provides motorbike and car mortgage services but will lend the vehicle to customers, only keeping the original vehicle registration. To make it convenient for customers to use the vehicle, F88 will issue a road certificate confirming the ownership of the vehicle, similar to the way banks issue road certificates to customers who take out a car mortgage loan.
My F88 is a mobile application developed by F88, which not only provides the Revolving Limit loan package but also many other loan packages such as x6 salary loan, additional limit loan. According to F88, after 9 months of launching, more than 251,500 customers have registered to use My F88, 346,579 electronic contracts have been signed and 990 billion VND has been disbursed through the application.
The above figures partly reflect the need for small, fast and transparent loans of ordinary workers. F88 leaders believe that My F88 is an important step in the strategy of digitizing lending activities, expanding financial access to the customer group of ordinary workers.
Source: https://vtcnews.vn/giai-phap-vay-tien-khong-bi-dong-danh-cho-nguoi-lao-dong-binh-dan-ar984302.html
Comment (0)