Reportedly, Samsung has introduced Samsung Finance+ in Vietnam. This is the platform that enables people to buy a Galaxy smartphone on EMI speedily and conveniently. This facility allows the person even if they don’t have any credit history. And are not fulfilling the eligibility criteria for a bank loan or are not offered by other financial services. This service came to India in 2020. Stepping ahead, the company further expanded the platform to Thailand and Indonesia. While Vietnam is the third Southeast Asian country to have the service.
In Vietnam, Samsung Finance+ enables people to buy a Galaxy smartphone on EMI even without any downpayment. Thus, it will play an essential role for those who undergo challenging financial situations. Consecutively, the repayment options also tend to be very flexible. As customers can able to repay the loan in 3, 6, or 12 EMIs. One of the most impressive aspects is that financing will be provided at a 0% interest rate. It subsequently reduces the load on customer pockets.
Outstanding Approval Rate, Fast Loan Processing Time, and Samsung Finance+ App
In addition to this, the tech giant also claims that Samsung Finance+ will have an outstanding approval rate of 80%. While the application will be processed in just seven minutes. The age criteria would be of 18 years and above. In order to use Samsung Finance+, customers must need to provide a valid Vietnamese citizen identity card at their respective Samsung store. The rest of the process will be handled by the agents there. Users can then pay EMIs as well as check the pending loan amount or next EMI through its app.
This service in Vietnam is powered by Kredivo. It means Kredivo is responsible to check and process your loan application and avail the finance. Since Samsung Finance+ will help people in order to get their dream devices. We hope it should also facilitate people to avail of the service for other distinct product categories.
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