Transparent. With no hidden charges whatsoever.

No charges upon registration or applying for loans to the Borrower. Origination fees are charged only when your loan is fully funded. If you are currently in need of financing, contact our team to learn beforehand about any fees which will be charged once you reach 'Disbursed' status.

Interest Rates

Interest rate is set according to the level of risk established during the credit-scoring process by the eLoan Risks Analysis team. When the prospective Borrower submits a loan application, eLoan will automatically analyze all the data, documents and other information submitted by the prospective Borrower. The results of the analysis will produce a loan grade that will be used to determine the interest rate and fee to be paid by the Borrower.

What Are The Stages Of The Process?

1. Submission of Loan Application

At the start of the loan application, the prospective Borrower must complete the form containing the required data as a prerequisite for borrowing.

2. Information Assessment

eLoan then selects and make an assessment of the information that the Borrower has submitted, and assign a credit grade on the loan proposed by the prospective Borrower.

3. Approval

Once the loan application is received, eLoan will submit a Term Sheet containing matters related to the details on the loan for approval by the prospective Borrower.

4. Loan Funded

The Borrower pays off the loan within a set timeframe in accordance with the agreed term and interest charges.

Risk Grade with eLoan

Interest rates for business loans are calculated on yearky basis and subject to change based on actual circumstance and eLoan's internal policy

Interest rates for loans are on monthly basis and subject to change based on actual circumstances and internal policy

Origination Fees

eLoan charge an Origination Fee of 3% - 5% depending on the loan grade granted to each loan application. The amount will be charged automatically once the loan is withdrawn by the Borrower.

Late Payment Fee

If the Borrower experiences any delay in paying off their loan, meaning not in accordance with the prescribed schedule, eLoan will charge a daily fee of 0.10% for each late day.

Insurance Fee

eLoan may require Borrowers to participate in the credit insurance scheme, which serves to take over Borrowers' liabilities to Investors in unforeseen circumstances.

Loan Cancellation Penalty

eLoan will impose a penalty if the Borrower cancels their loan. If the cancellation of the loan is made after Investors have committed, the Borrower is subject to a penalty of 1% of the loan amount or a maximum of VND 10,000,000 effective from the date of cancellation up to the maturity date of the loan. Conversely, if the loan cancellation is carried out before the Investors participate, the Borrower will not be liable, and the participation of each Investor will be refunded. This penalty applies to Business Loans and Personal Loans.

Early Repayment Penalty

eLoan does not impose a penalty on early repayment for the Business Loans product, but the Borrower is under obligation to pay the nominal interest agreed at the beginning as a form of commitment to the Lender. Accelerated payment penalties will only be charged to Borrowers for the Employee Loans product at two months' interest.