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Unsecured loan UOB Bizmerchant officially launched in Hanoi
In the mission of assisting and committing to seller online community to capture business development opportunities, UOB Vietnam launched unsecured loan UOB BizMerchant in 2019. UOB BizMerchant is at the forefont of applying financial technology (fintech) to help provide effective and quick working capital for e-commerce.
With recognized outstanding efficiency, UOB BizMerchant awarded with the Best Financial Inclusion Project from Asian Banking and Finance magazine and also awarded Best Financial Inclusion Project 2020 from The Asian Banker magazine.
Continuing the mission of assisting sellers in obtaining necessary capital to promote business on e-commerce platform, as well as spreading the success of UOB BizMerchant in Ho Chi Minh city. UOB Vietnam officially expanded unsecured loan UOB BizMerchant in Hanoi on 21 December 2022.
Hanoi is chosen as a second destination of UOB BizMerchant due to several of reasons. Not only Hanoi is second in the ranking of e-commerce index (According to the Vietnam E-commerce Index Report 2022 published by the Vietnam E-commerce Association) but also being the second-largest economic center after Ho Chi Minh city (according to Vietnam News Agency). Accompanying with the development of e-commerce industry in Vietnam, the online seller community in Hanoi is being built into a large community and gathers many big sellers in the e-commerce market
UOB BizMerchant is a pioneer unsecured loan solution reserved for e-commerce sellers. It has some benefits such as no collaterals needed, assessment based on revenue generated through Shopee, Lazada... and fast loan approval which make UOB BizMerchant become an efficient partners helps sellers handle their working capital straightforwardly. UOB Vietnam applied preferential interest rate policy on amortized loan with loan limit of up to VND 1.6 billion, thus can extremely support sellers in the year-end sale season.
This expansion of UOB BizMerchant is a milestone of new development step and affirms customers’ trust for the product. UOB Vietnam expect UOB BizMerchant will be more advancing to achieve great success in the future.
