What is King Dong? The truth about loans in Vietnam

King Dong – is a tool to check loans and savings of Vietnamese banks. You can check the terms offered by the bank: select a loan (in-app or external) and fill in the blanks in the loan calculator app, then click “calculate loan”. The amount of interest to be paid may be more than the amount initially offered by the bank. Why?

Loan calculation example. Real interest rate of borrowing money

For example, you want to borrow 10 million dong within 12 months at 12%/year interest rate from any bank or lending institution in Vietnam. Use loan calculator. According to their charter, the amount of principal and interest to be paid after the loan term will be 10,661,855 VND, the amount of interest you have to pay more than expected will be 661,855 VND, and the monthly interest amount to be paid. will be 888,488 VND.
Whereas the loan organization is just an intermediary between you and the lender, the service fee you pay will be 8% of the loan. Please use a credit calculator. Note!In this case the interest percentage will be 28,141%, the amount of interest you have to pay extra is 1,461,855 VND, obviously the percentage of interest to pay more than the original plan that the institution borrowed money given.

Loan Terms

We have information about lending institutions listed in the King Dong app:
- Minimum loan – 1,000,000 VND.
- Maximum loan - 300,000,000 VND.
- The shortest term to pay - 61 days.
- Maximum term for investigation – 15 years.
- The annual interest rate including service charge is from 0% to 30%

Consequences if you don't pay the loan

If you miss the loan repayment period, you will have to pay a penalty. Usually the penalty percentage will be 0.1% of the total loan and the penalty interest rate, each bank or lending institution may offer different percentages.

Who needs this financial app?

This application will be useful to all those who have a loan plan and who need a credit calculator. Loan goals could be: you need a mortgage or a credit card, or a business loan, and maybe you need a quick loan for any purpose - in any school In which case you need to have a clear understanding of your future debt burden. And the loan payable may be more than the bank originally stated. To find out and not get caught in such a situation, use King Dong's special loan calculator.

What do you get when using King Dong service?

You will receive the latest information about banks and other lending institutions in Vietnam. We do not include promotional information, but only highlight information that is often laid out in small font and can have a big impact on your loan.
You will get information about all the most profitable deals of Vietnam. We collect information about auto loans and mortgage loans, business loans or credit cards, student loans or quick loans for any purpose - the most profitable proposals Get instant statistics on our service.
The loan calculator will keep you up to date with the latest information about your loan. Use the loan calculator to keep track of your loans and creditors.

King Dong's partner bank

We provide information about the following banks and lending institutions in Vietnam: Orient Commercial Bank (OCB), Sacombank, Vietinbank, BIDV, Vietcombank, Agribank, Techcombank, etc. The information provided as well as the list of banks is subject to change. Note! King Dong is not a credit institution, does not provide loans and does not make loan decisions.