Borrow Money Under Social Insurance

What is a loan using social insurance?

Borrowing money using a social insurance book is a form of borrowing that is popular with workers Dynamically choose and use the amount of money they have paid for social insurance (social insurance) as one source of assets to secure your loan. This loan process Usually done through licensed credit institutions in Vietnam, creating a useful financial opportunity for individuals.

In Vietnam today, there are two main credit institutions that people can find come to borrow money using social insurance. Among them, Commune Policy Bank (VBSP) is an option worth considering. VBSP provides loan services Social insurance certificate for many different purposes, including buying social housing and new construction or renovate and repair houses, invest in production and business, and borrow capital for consumption use.

Additionally, commercial banks are also a popular choice for this Loan under social insurance. Loan products have diverse purposes such as buying a house in society, building new or renovating and repairing houses, investing in production and business, and consumer loans.

Most importantly, using social insurance as collateral helps employees have more opportunities to access capital with more flexible interest rates and conditions.

Quyen is a creative copywriter with a passion for fintech. a degree from the Ho Chi Minh University of Economics. After graduating from the UEH (Ho Chi Minh Economics of University), she's constantly expanding her knowledge through investment and financial literacy courses, seminars, and conferences. Quyen also has experience in banking and credit. Her articles draw on her background in finance to help readers make informed decisions.