FE CREDIT PARTNERS WITH VNPOST TO IMPROVE FINANCIAL INCLUSION IN VIETNAM

FE CREDIT officially extended its distribution network in rural areas by cooperating with Vietnam Post Office to launch its new sales channel through post office branches nationwide, giving unbanked people the opportunity to access to financial services.

VNPost implements financial services from FE CREDIT to people in remote areas

With a desire to bring legal credit to more people in rural and suburban areas, while raising awareness and knowledge of people on consumer finance, FE CREDIT has expanded its cooperation with Vietnam Post Corporation (VNPost) – a network of nearly 10,000 post offices nationwide, to implement many comprehensive and flexible consumer lending packages.

FE CREDIT had cooperated with VNPost through two main services: loan disbursement and loan repayment. From January 2019, VNPost has cooperated with FECREDIT to provide new service of loan application. Customers who are in need, nowcan come to their nearest post office to apply for a loan or look for any financial solution with full assistance from VNPost staff. The easy procedure only requires simple documents such as national ID, Driving License, utility/phone/internet bills with faster processing time. The loan amount can be up to 70 million VND, therefore customers can easily get money for their own business or other needs.

According to Mr. Tran Chi Trung Head of Postal Financial Services Department of VNPost: “Most people in rural areas have low access to mass media and are more likely to be attracted to black credit. It is always difficult to pay back the loan because of the high interest rate and the method of debt collection often threatens the safety of their life. Through this cooperation between FE CREDIT and VNPost, people can now go to their nearest post office to apply for a loan or look for any suitable financial solution with simple procedures, fast processing time, which also contribute to gradually push back black credit, especially in rural areas where most people have below average income and can’t even access basic financial services without income proofs or collateral.

Ms. Nguyen Trong Phu – Affluent Partnership Center Director of FE CREDIT said: “Although our distribution network has been expanding, we feel that we still have a long way to go to meet the demands of large number of people in remote areas. Therefore, expanding the network in rural areas is inevitable and is also the reason FE CREDIT strengthened its cooperation with VNPOST to bring effective, safe and convenient financial solutions to more Vietnamese population.

FE CREDIT is constantly expanding distribution network to bring effective and transparent financial solutions to all people

This cooperation not only increases the coverage of FE CREDIT’s distribution network nationwide but also enhances the convenience in providing financial services for customers. The company focuses on modern technologies in its operating system and deploys digital lending platforms to help shorten the entire loan process. It takes only 15 minutes from registration to loan approval and loan is disbursed within 24 hours. This is also one of the efforts of FE CREDIT to push away black credit which currently causes distress in the society.

FE CREDIT will continue its partnership with VNPost and bring out more promotions to get customers closer to consumer finance to improve their life quality.


Related news

7 months trước

VPBANK ANNOUNCES THE SUCCESSFUL SALE OF ITS 49% STAKE IN FE CREDIT TO SMBC GROUP OF JAPAN

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) today announced the completion of the sale of 49% stake in VPBank Finance Company Limited (FE Credit) to SMBC Consumer Finance Co., Ltd (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group, Inc. (SMBC Group). As such, six months since VPBank and SMBCCF signed the capital transfer […]

11 months trước

FE XCELERATE 2021: “PITCH SESSION” IS COMING

After 5 weeks of opening, the application portal for FE XCELERATE 2021 has been closed. The competitive Pitch Session is now ready for all shortlisted candidates to present their ideas and solutions in front of FE CREDIT Management team. Among more than 100 applications from fintech companies over the world, the solutions for top 2 […]

11 months trước

THE DEADLINE FOR FE XCELERATE 2021 APPLICATION HAS BEEN EXTENDED TO JUNE 18, 2021

After four weeks of accepting applications, FE XCELERATE 2021 has approached many fintech and startup communities across Asia, Europe, Africa and North America. There is an abundance of companies who are interested in applying for this prominent fintech accelerator program. FE XCELERATE 2021 would like to give those who haven’t yet registered the opportunity to […]

12 months trước

FE XCELERATE 2021: LAST 10 DAYS LEFT FOR ONLINE APPLICATION

Since the official announcement of the opening of FE XCELERATE 2021 starting May 12th, there are more than 60 fintech companies globally having completed the applications. FE CREDIT still continues to find and help fintech companies to step out of the safe zone to be part of the prestigious fintech accelerators in the region. Applications […]


Đăng ký email để nhận ngay ưu đãi mới nhất

*
*
*
Khi nhấn “Đăng ký”, bạn đã đồng ý cho FE CREDIT lưu trữ và sử dụng thông tin bao gồm số điện thoại và email để giới thiệu sản phẩm, dịch vụ và chương trình khuyến mãi và chăm sóc khách hàng. Xem chi tiết tại đây

Which loan product?

CALL HOTLINE: (028) 39 111 555

Nhập mã OTP

Vui lòng kiểm tra tin nhắn điện thoại và nhập mã xác nhận

OTP chỉ có hiệu lực trong vòng 5 phút

Chat Support
Chat with FE CREDIT

Please enter your name