How to liquidate MCredit contract – MCredit loan settlement

You are having a loan at MCredit or any other financial company, the liquidation of the contract is a very important last step that you need to know. If you don't know how MCredit contract liquidation – MCredit loan settlement how, let's find out with Banktop right in the article below.

Overview of Mcredit . financial company

Mcredit, whose full name is MB Shinsei Finance Company Limited, was established in 2016. Mcredit is a joint venture between MB Bank and Shinsei Bank. Although it has only been operating for about 6 years and is a relatively new name in the lending financial market. However, Mcredit has become a reliable address trusted by many customers when borrowing for installment loans.

The main products of Mcredit are: Installment loans, Cash loans, Credit cards. The advantages of these loan packages are outstanding product advantages, competitive interest rates, fast approval procedures, and dedicated after-sales service.

With a solid foundation of strengths from major shareholders, Military Commercial Joint Stock Bank (MBBank) and Shinsei Bank (Japan), Mcredit will become the most convenient digital financial service provider for customers.

When you need a loan at Mcredit, please contact Mcredit by accessing the website or calling the hotline for support. Depending on customer needs and other conditions, different loan packages will be granted. Mcredit will also support customers to liquidate Mcredit contracts ahead of time if needed.

What is Mcredit contract liquidation?

Liquidation of the Mcredit contract is your termination of the loan process and the removal of all related obligations with Mcredit. You can liquidate the contract ahead of time or on time. If it is on time, the contract will automatically be liquidated at the last period after you pay.

Or you pay off the loan in cash on the due date, Mcredit will also support the quick procedure. As for the case of early liquidation of the Mcredit contract, you will have to take more steps.

Instructions to pay off MCredit loans on time

When your loan has reached its final repayment period. And you've completed all your monthly Mcredit repayment obligations. At this point, you just need to contact Mcredit via the hotline number 1900 636 769 to be confirmed that the outstanding debt has been paid in full. Finally, Mcredit will notify you that your payment has been completed successfully.

Is it possible to liquidate the Mcredit contract ahead of time?

You can completely liquidate the Mcredit contract ahead of time if you want. However, when liquidating the contract before the due date, you will have to perform more procedures and pay a fee to support early payment activities.

The fee for liquidation of Mcredit contract before maturity will be clearly stated in the contract. Mcredit also only accepts customers to liquidate contracts before maturity when they have paid at least 4 installments. If you want to cancel the contract earlier, you will have to pay some other fees.

Instructions on the steps to liquidate the Mcredit contract ahead of time

How to liquidate MCredit contract - MCredit loan settlement is very simple and fast. You just need to prepare enough money and then follow these steps:

Step 1: Look up your MCredit loan

First, you need to access your personal account on the MCredit website to look up the loan. Then you will know the specific balance of the remaining debt, the debt paid, the interest rate and the maturity time.

Step 2: Finalize the MCredit . loan

You should manually recalculate the loan again to make sure the amount displayed on the system is correct. If it matches the number on the system, then proceed to pay off the loan. You can make loan settlement directly at MCredit's transaction office or transfer money.

In case of wire transfer, the customer will transfer the beneficiary information as follows:

Account number: 0031166686868

Opened at: Military Commercial Joint Stock Bank MB.

Account name: MB Shinsei Finance Company Limited.

Content: Mcredit contract number>

In addition, you can also transfer money to settle MCredit loans through third parties such as Momo, Viettel, VNPost, Payoo payment gateways. Currently, MCredit has linked with more than 150,000 payment points nationwide. Therefore, you can easily liquidate MCredit contracts anywhere without having to go directly to MCredit's transaction office.

Step 3: Sign contract liquidation minutes

After the payment has been made successfully, please call MCredit's hotline 1900 63 67 69 to notify you that the contract payment has been completed before the due date. MCredit staff will record the information and verify if the information is correct or not.

If correct, MCredit will send the contract liquidation minutes via email. Check the minutes to make sure you have successfully liquidated the contract, avoiding errors that lead to bad debt.

Is there a fee to liquidate the Mcredit contract?

If you liquidate the Mcredit contract early, you will be charged a fee of 5%* of the principal balance and at least VND 1,650,000. This fee will be higher depending on the remaining principal balance.

If you liquidate the Mcredit contract when there are not enough 4 consecutive payment periods, you will have to pay some other fees such as: insurance fee, collection fee, actual interest. If this fee is large, it is best to pay the installments on time.

Conclusion

Above, Banktop has guided you How to liquidate MCredit contract – MCredit loan settlement on time and before the due date. It can be seen that the liquidation of the MCredit contract is not difficult, but pay attention to carefully consider the loan terms to choose the appropriate time to liquidate the loan contract.

The article was edited by: Banktop.vn