VayZin

What VayZin is for and who can use it

VayZin is an online credit service run by Phu Thinh People's Credit Fund. According to the listing, it covers the whole path from the first application form to the repayment schedule, so the lender's dealings with the applicant happen inside the app rather than through separate paperwork.

The listing sets out entry conditions. Applicants must be 18 or older, be legal residents of Vietnam or meet the equivalent legal requirements where they live, and hold a valid identity document. They also need a phone number and a bank account registered in their own name, and they must supply information that is honest, complete and valid.

Applying for a credit limit on a phone

The listing describes six steps. The user downloads and opens the app, registers and enters basic details, then submits identity verification documents and related information. The application then goes into the lender's system, and the user waits for a decision.

If the application is approved, the user confirms the details on the final screen, then follows the disbursement and the payment plan from within the app. The listing says the final limit, term and rate depend on the information supplied, the applicant's credit status and the final approval, so the figures confirmed at the end may differ from earlier estimates.

Seeing the limit, term and rate before confirming

The app displays the credit limit, the repayment term and the annual percentage rate before the user confirms. The listing gives the range for each: a limit of up to 50,000,000 VND, a term of 180 to 365 days, and an APR between 13.8% and 23.8% a year.

The listing states that there are no service fees and names transaction fees and hidden service fees as absent as well.

The listing also gives one worked example. A 50,000,000 VND limit over 365 days at 23.8% APR produces a reference interest figure of 11,900,000 VND, for a total repayable of 61,900,000 VND. The listing describes this as illustrative only, with the actual amounts taken from the final confirmation page in the app.

Tracking approval, disbursement and repayments

After an application is submitted, the listing says the user can follow its progress and see the status of disbursement inside the app.

Once a loan is active, the app shows the payment plan, the history of payments already made, and notifications relating to the account. The listing presents these as the main reasons to return to the app after the initial application.

The listing asks users to pay on time, according to the schedule shown in the app.

Contacting the lender for help

The listing names the lender as Quỹ Tín dụng Nhân dân Phú Thịnh and gives three support routes: the website at phuthinhcreditfund.com, the email address admin@phuthinhcreditfund.com, and the phone number +84 924326581.

The company's address is given as plot 79, map sheet 20, Trung Hòa village, Hưng Yên province, Vietnam.