Will consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big economic impact on individuals and households, dragging down demand for personal loans.
Consumer credit company Easy Credit on Wednesday tied up with Bao Minh Insurance Corporation to launch a new product that secures borrowers from defaulting on loans if they or their spouse fall sick.
Easy Credit, a brand name under the consumer credit division of EVN Finance, is expanding its business network to provinces in the Mekong Delta and Southeastern region, three months after its official launch in early October.
EVN Finance Joint Stock Company, a subsidiary of the Electricity of Viet Nam Group, on Monday officially launched the consumer finance brand Easy Credit for people on low incomes.