Smartphone POS Loan

With only a valid chip-based Citizen ID, customers can own their favorite phone without paying the full cost upfront. SFinance provides a transparent phone installment solution with interest rates from 0%, simple procedures, and approval in as little as 5 minutes. Learn more today!

1. What is buying a phone on installments at a service point?

Buying a phone on installments at a service point allows customers to receive their phone first from a SFinance partner store and pay gradually each month over the selected term. The installment term usually ranges from 4 to 36 months, depending on each person's needs and repayment capacity.

Through SFinance's financial services, customers can choose a phone installment loan with preferential rates from 0%, suited to their personal financial situation.

2. Why choose SFinance for phone installments?

SFinance operates under an official license issued by the State Bank of Vietnam. Formerly known as SHB Finance, the company has operated in consumer finance since 2016. The company is currently owned by Krungsri (Thailand), a member of Japan's Mitsubishi UFJ Financial Group (MUFG).

When applying for phone installments at SFinance partner stores, you can enjoy the following benefits:

• Super-fast approval: Applications can be approved in as little as 5 minutes, helping customers own their favorite phone without a long wait.
• Flexible installments: Choose a repayment term from 4 to 36 months based on your needs and financial capacity.
• Attractive loan amount: Loan amounts from VND 1 to 50 million make it easier to choose a phone that fits your needs and budget.
• Zero down payment: Own your product immediately without an upfront payment, reducing initial financial pressure.
• Simple application: Apply for a phone installment loan with only a valid chip-based Citizen ID.
• Reliable and reassuring: With experience in consumer finance, SFinance provides a transparent, convenient, and trustworthy lending process.

3. Requirements for phone installments through SFinance

To buy a phone on installments at a SFinance service point, you must meet the following requirements:

• Be a Vietnamese citizen seeking financing for personal consumption or living expenses.
• Be between 18 and 59 years old and have full civil legal capacity under applicable law.
• Have a chip-based Citizen ID with at least 1 month of validity remaining from the date it is first entered into the system.

Note: Lending requirements may change from time to time depending on SFinance's applicable policies.

4. How to apply for phone installments through SFinance with only a Citizen ID

Apply at a SFinance partner store

Customers can apply for an installment loan at a SFinance partner phone store by following these steps:

1. Choose a product and suitable installment plan.
2. Provide a valid chip-based Citizen ID, phone number, and other required information as instructed by the consultant.
3. Verify your identity in the SFinance app following the instructions.
4. Receive the approval result. If approved, sign the agreement, receive the product, and manage the loan through the SFinance app.

5. Important notes when applying for phone installments through SFinance

In addition to the information above, SFinance recommends keeping the following points in mind before applying:

• Provide accurate application information: Submit complete and accurate personal information so that your application can be verified quickly and smoothly.
• Choose a suitable loan amount: Borrow only what you need and can repay. Consider the down payment, loan term, and regular payment capacity before applying.
• Read the agreement carefully: Check the interest rate, conversion fee, early settlement fee, monthly payment date, and each party's responsibilities before confirming the loan.
• Plan your repayments: Planning your payments from the beginning helps avoid late payments and additional costs. Payment reminders or automatic account deductions can help you make regular repayments and improve your future borrowing opportunities.
• Apply through official channels: Apply only through official SFinance channels or partner stores to protect your information and customer rights.

6. Frequently asked questions about phone installments through SFinance

Can I apply for another installment purchase while I am still repaying another product?

No. Customers must complete their current installment loan before applying for a new loan from SFinance. Any new loan will be assessed under the policy applicable at the time of application.

Do I need to make a down payment when buying a phone on installments through SFinance?

The minimum down payment may be 0%. The specific down payment will follow SFinance's policy at the relevant time.

Can I settle my phone loan early?

Customers may settle the entire loan early after making at least 1 payment, notifying SFinance, and receiving its approval. Any early repayment fee will follow SFinance's regulations and the information in the loan agreement.

Buying a phone on monthly installments has never been easier. With rates from 0%, flexible terms, and simple procedures requiring only a Citizen ID, SFinance is a safe, smart, and fast financial solution for owning the phone you want.

Apply for phone installments through SFinance today!