5+ Borrow money by Registering (Cavet) online motorbike with the best interest 2022

Borrow money with a motorbike key is the optimal choice of many customers today. So with this product package, what are the procedures, conditions, and loan process? What are the top 3 fastest lending companies of the day? Please follow the article.

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Summary of Cavet Motorcycle Loan Package

Loan form	Borrow money quickly online with a motorbike cave
Borrowing limit	90% of vehicle value (maximum VND 50 million).
Interest rate	From 2.17%/month – 2.95%/month
Loan support area	Browse loans nationwide
Approved age	18 years old - 60 years old
Procedures – documents	Cmnd + Household registration book + Owner's motorbike registration
Browsing conditions	Request original cave and the borrower is in the name of the owner. Vehicle value from 15 million or more.

What is a Motorcycle Cavet Loan?

Borrowing money by motorbike is essentially a form unsecured loan Just need ID card, Cavet motorbike owner without collateral. Although born late, however, car loans are favored by many customers because of its convenience and speed.

Can you borrow money to get a car? — What is a motorbike loan?

The word Cavet comes from the French word Card vert. This is a document proving the owner's legal ownership of the vehicle in circulation, also known as vehicle registration.

Learn form Unsecured loans according to electricity bills lowest interest rate

Why Should You Get Installment Loans With Cavet Motorcycles

Borrowing money with a motorbike cave has many advantages, so it receives very positive feedback from borrowers. Typically as:

No need to mortgage the car but still keep the original cave for convenience when participating in traffic.
Disbursement immediately after making the application, ranging from 30 minutes - 1 hour.
File installment loan approved without a residential property appraisal or without calling a reference number, without a vehicle inspection.
The profile is very simple, just need ID card and Cavet of the owner's car to take pictures.
Loan limit supports loans up to 90% of vehicle value.
Preferential interest rate, up to 1.66%/month or 37%/year.
Flexible installment period from 12 to 36 months.

Limitations When Unsecured by Motorcycle Cavet

Besides the outstanding advantages, the unsecured motorbike loan package also has some limitations below:

The maximum loan limit is only 50 million, it is difficult to meet customers who want to borrow with a high limit.
Do not support cars that are too old, cars that are not genuine

Guide Borrow money under Life Insurance fastest disbursement

Cavet Motorcycle Loan Limit And Interest Rate

The limit for a motorbike loan online depends on the model, the car manufacturer or the age of the vehicle, but still fluctuates in the range below:

Loan limit from 10 to 70 million VND.
Loan interest rates from: 1.66% - 2.95%/month.

Practical examples: The customer borrows 10,000,000 VND with a motorbike hook for a period of 12 months. From there we get:

The monthly payment including principal and interest is: 1,034,839 VND.
Total payment for 12 months including principal and interest is: 12,418,074 VND.

Conditions for Unsecured Loans According to Motorcycle Registration

Customers need to meet the following conditions to be able to apply for a motorbike loan:

Customers with nationality in Vietnam, age 20 - 55 for women, for men from 20 to 60 years old.
No bad debt, outstanding debt at any Bank or financial company.
Standing in the main car cave, there is the original Cavet.
The current car value is over 15 million.
Vehicle life must be less than 8 years from the date of first issue on the car's hatch.

Cavet Motorcycle Installment Loan Profile

Borrowing money by car cave has a very simple and fast loan procedure, only including:

ID/CCCD (original, not torn).
Cavet car owner (with full information on the date of first issue and date of cavet issue).

Cavet Motorcycle Loan Process

The process of borrowing money with a motorbike cave is also quite simple, including only the following steps:

Step 1: Register online or in person at banks or lending companies.
Step 2: Bank staff will contact customers to advise on the conditions, documents, procedures, limits, interest rates... of the motorbike loan form.
Step 3: Customers will sign a contract and receive the loan via bank account after the loan application is approved.

Experience of Borrowing with Cavet Motorcycle Fast Disbursement

When applying for a car loan, customers should note a few experiences below so that the application can be easily disbursed:

Fill in correct and accurate personal information such as: Full name, cmnd number, phone number of the owner you are using...
Declare a family reference phone number to verify the profile to help increase the credibility of your loan application.
Declare a specific job, avoid writing freelance and an income of 5 million / month or more will be easier to get a loan approved.
If you have bad debt from group 3 or more, the loan will not be approved.

TOP 5+ Cavet Motorcycle Loans Online Same Day Disbursement

Among the financial companies that lend money by motorbike, there are 3 online lenders with the fastest disbursement: Tima, FE Credit and F88.

Tima

Tima attaches great importance to investing in loan packages by registering motorbikes. This product has many outstanding advantages such as: attractive limit, simple loan conditions, easy loan procedures, quick disbursement, very preferential interest rates...

borrow money — Borrow a motorbike in Tima.

Features of Tima loan package:

Loan limit from 3 to 30 million VND.
Maximum loan term is 12 months.
Borrowing interest rate is only from 1.5%/month based on the gradually decreasing balance.
Time to receive money only after 15 minutes - 2 hours.

Conditions when borrowing Tima:

Age ranges from 18 to 60 years old.
Minimum income from 3 million/month.
Living in cities like: Hanoi, Ho Chi Minh City, Bac Ninh (Household or temporary residence can borrow)

Prepare documents when applying for a loan:

Photocopy of original ID/passport/ID card.
Original owner/registration certificate of motorcycle.

Fe Credit

FE Credit applies motorbike loans to different subjects, just in the name of the owner. According to the survey, this type of loan is the most chosen by FE Credit customers.

Loan interest rate at FE Credit:

Interest rate of 2.17%/month for motorbikes valued at VND 25,000,000 or more.
Interest rate of 2.95%/month for motorbikes with value from VND 15,000,000 to VND 25,000,000.

Loan documents at FE Credit:

Documents: ID card or CCCD.
Original household registration book, notarized copy or provide original household registration photo.
Original motorcycle cavet with the owner's name.

F88

F88 financial company, in addition to being known as a high-quality pawn system, now also provides products quick loan according to motorcycle registration.

borrow money f88 — Borrow a motorbike at F88.

Loan package features:

Loan limit from 3 to 20 million VND.
The loan period is from 12-18 months.
Preferential interest rate is 13.2%/year with fees.
Time to receive money is only in the day.

Conditions of loan:

The customer is the owner of the motorbike or a relative.
If you buy a car, you must have a car sales contract.
Having a stable job, income from 3 million/month, being able to repay debt.

Loan documents when borrowing:

ID card/Passport/ID card.
The original motorcycle registration / sleeper certificate.
Or notarized purchase and sale contract/VAT invoice/Ex-factory paper/ loan contract.

MCredit

Mcredit financial company recently launched a loan product with a motorbike cave to support customers who need a loan when in the name of the owner's car cave.

Borrowing limit:

The maximum limit that Mcredit offers to customers is VND 50 million with a payment term of 6-36 months. This is considered a rather high loan limit of this form in the market.

Loan Interest Rate:

The loan interest rate applied by Mcredit is considered to be low competitive. The interest rate at Mcredit is calculated as follows:

From 90 days to less than 4 years: 2.14% 1 month.
From 4 years to 6 years: 2.95% 1 month.

Loan Procedure:

Profiles are omitted to a minimum, the procedure is quick and concise. All you need to do is provide the official motorbike registration certificate to be able to receive a loan safely and extremely conveniently.

SHB Finance

SHB Finance provides cash consumer loans for customers with vehicle registration up to 50 million, disbursing quickly.

Loan package information:

Interest rate: from 2.43%/month.
Limit: 50 million.
Term: 6 months - 36 months.

Loan procedure:

ID card/CCCD.
Household registration or confirmation of temporary residence.
Driving license.
Certificate of vehicle registration of the owner.

Mirae Asset

Mirae Asset loan product is for customers who own a vehicle & have a motorcycle registration certificate.

The vehicle must be used for 3 months or more from the date of first registration of the vehicle

Loan package information:

Interest rate: 4.58%/month.
Limit: 50 million.
Term: 6 months - 36 months.

Loan procedure:

ID/CCCD
Household registration or confirmation of temporary residence.
Motorcycle registration certificate.

Installment Loan Using Cavet Motorcycle What Should I Note?

When taking out an installment loan to use a motorbike cave, you should note the following contents:

The interest rate will be divided according to the actual value of the motorbike and can be applied to all types of vehicles such as Honda, Yamaha...
Motorcycles need to be guaranteed to have an age of 1 month or more, this time will be counted from the time of purchase.
The vehicle used for the loan must be the owner's vehicle.
Documents such as vehicle registration, identity card... must have the original for comparison.
Customers who have a loan at a bank can still get a loan by registering a motorbike.

Some Questions When Borrowing Money With a Motorcycle Cavet

Which banks support motorbike loans?

Currently, many companies/banks support loans via motorbikes. Typically, 3 companies are Tima, FE Credit and F88, these are 3 companies with fast disbursement time, just in time and simple and quick loan procedures and documents.

Is a motorbike loan a mortgage loan?

Motorcycle loan is not a form of giving Mortgage loan. The reason is that the bank will not keep the car or car documents of the borrower. This is a form of unsecured loan based on the credit and creditworthiness of the borrower.

What is the current interest rate when taking out a computer loan?

For motorbikes valued at under 25 million, the interest rate is 2.95%/month.
For motorbikes valued at 25 million or more, the interest rate is 2%/month.

Can Cavet car without owner get loan support?

The answer is yes. Customers need to have a notarized purchase and sale document or you must hand-write it with a photocopy of the ID card of the previous owner.

Will customers have their vehicle registration papers withheld when taking out a loan?

Depending on the lender, your car's cave will be kept. Some financial companies will not keep the cave like FE Credit, MCredit… However, pawn lenders like F88, Tima will keep the cave.

How much money can I borrow under car registration?

The loan contract value for this type of loan can be up to 50 million VND depending on the evaluation organization and the condition of the vehicle.

Conclusion

So above are the Top 3 companies for borrow money by motorbike fastest online and all related information. Hope you have got yourself a reasonable loan address. Please read carefully the procedures, conditions, interest rates, and processes to make the loan go smoothly.

Information edited by: lamchutaichinh.vn