The Easy Guide to Buying a Phone on Installment at thegioididong: Terms and Procedures

In addition to direct purchases, installment plans are another way to quickly get your dream phone. Let’s explore the conditions and procedures for buying a phone on installment at The Gioi Di Dong.

1. Conditions and Documents Required for Installment Purchase

Currently, Thegioididong.com partners with three financial companies: ACS, HOME CREDIT, and VPBank, offering installment services with the following loan requirements:

For ACS

You need to meet the following conditions:

– Age: 21-60 years old (supporting students from 18 years old)

– Usually: ID card + Household registration book + electricity/water bill

– For students: ID card + Student ID card + Household registration book/temporary residence book + ID card of a family member

– You need to “proof of income” when borrowing over 10 million VND (for phones)/ over 15 million VND (for other products)

– Application processing time: 4-24 hours

– Successful application rate: 60%

For Home Credit (PPF)

You need to meet the following conditions:

– Age: 20-60 years old

– Procedures:

• ID card + Driver’s license (if borrowing less than 10 million VND)

• ID card + Household registration book (if borrowing more than 10 million VND)

– Application processing time: 15-30 minutes

– Successful application rate: 80%

Special Offer:

Free last month (no need to pay both principal and interest) + Applicable for a 12-month installment period.

For VPBank

You need to meet the following conditions:

– Age: 21-60 years old

– Procedures:

• ID card + Driver’s license (if borrowing less than 8 million VND)

• ID card + Household registration book (if borrowing more than 8 million VND)

– Application processing time: 30-60 minutes

– Successful application rate: 70%. For ACS, you can pay from 0% to 70% upfront, while for Home Credit and VPBank, it’s 20% to 80%.

When buying a phone on installment at The Gioi Di Dong, you need to meet the requirements and prepare the necessary documents:

– Your age, based on your date of birth on your ID card, must be between 20 and 60 years old.

– Your ID card must be valid.

– You need to have your household registration book (with your name on it). If you are borrowing less than 10 million VND, you can use your driver’s license instead of the household registration book.

You need to meet the above conditions and prepare the necessary documents when buying on installment.

Note: All your documents must be originals. The financial company will only inspect them and return them to you; they will not keep any of your documents.

2. How to Buy on Installment at The Gioi Di Dong Online

In addition to buying on installment online, you can also visit The Gioi Di Dong stores to purchase directly. To buy a phone on installment at The Gioi Di Dong, follow these steps:

Step 1: Access the Link and Find the Product You Want to Buy on Installment

First, access the app or link to start the phone installment purchase process.

Access the link to go to the Installment Purchase page.

Then, enter the name of the phone you want to buy in the “Find Installment Product” box.

Enter the phone name in the “Find Installment Product” box.

Step 2: Choose the Financial Company

After selecting your desired phone, you will be redirected to a new interface. On this new page, choose the “Financial Company” option.

Choose the financial company you prefer.

Here, you will have four installment period options: 6 months, 8 months, 9 months, and 12 months. Each different period will have different policies and interest rates offered by the financial company for you to choose from.

Choose the installment period that suits you.

Once you have selected the financial company, click the “Buy Now” button.

Click the “Buy Now” button after selecting the financial company.

Step 3: Fill in Your Personal Information

Before filling in your personal information in the respective fields, remember to choose the color of the phone.

Choose the phone color and proceed to fill in your personal information.

Then, enter your household address information and choose the nearest store to you. Finally, click the “Buy Now on Installment” button to complete the procedure.

Choose your address information and the nearest store to save time on delivery.

The system will notify you of a successful order and will contact you to confirm the information.

Note: To speed up the application process, you can select the “Supplementary Information” box and fill in the corresponding information.

Frequently Asked Questions About Buying on Installment at The Gioi Di Dong

For more information or to ask questions about installments at The Gioi Di Dong, visit the following link.

For any inquiries or questions about buying on installment at The Gioi Di Dong, please visit the link above.

3. Questions About Buying a Phone on Installment

How to look up FE Credit installment contract?

Currently, there are two ways to look up FE Credit installment contracts:

• Through the Official Account on the Zalo Application

Step 1 Access the Zalo application and search for “FE Credit” in the search bar at the top.

Access the Zalo app and search for “FE Credit”

Step 2 Click on the FE Credit Zalo OA page, then click “Interested”.

Click on the FE Credit Zalo OA page and then click “Interested”

Step 3 In the FE Credit chat frame, select “Lookup”, then click “Loan Lookup” and then “Contract Status”.

Choose “Lookup”, then “Loan Lookup”, and then “Contract Status”

Note: If you are accessing it for the first time, you need to register on the FE Credit Zalo OA by clicking “Register”, entering your phone number, ID card number, the last four digits of your contract, and then clicking “Confirm”. Then proceed with the lookup as per the above instructions.

• On the FE Credit Website

Step 1 Access the FE Credit lookup website: Here.

Step 2 Enter your name and password for lookup, then click “Lookup Information”.

On the FE Credit website.

Note: You need to register an account before looking up information. To do this, click on “Register a Lookup Account”, select “Contract Number”, enter the required information, and click “Send”.

How to calculate the interest rate for phone installments?

To calculate the interest rate for phone installments on the The Gioi Di Dong website, you can refer to the automatic interest rate calculation table available on the website or manually calculate it using the following formula:

Monthly Installment Amount = (Loan Amount / Loan Term) + (Loan Amount x Monthly Interest Rate)

Interest Rate = (Monthly Installment Amount – (Loan Amount / Loan Term)) / Loan Amount

How to calculate the interest rate for phone installments.

What happens if I’m late with my phone installment payment?

If you are late with your phone installment payment, you will be charged a penalty fee, depending on the installment method and the financial company. The penalty fees and policies vary for each company:

• FE Credit: A penalty fee will be charged if you are more than 5 days late.
• HomeCredit: A penalty fee will be charged if you are more than 5 days late.
• HD Saison: A penalty fee will be charged if you are more than 7 days late.
• ACS: A penalty fee will be charged if you are more than 7 days late.
• MCredit: A penalty fee will be charged if you are more than 5 days late.

Regarding the late payment penalty fee, it is recommended to call the financial company to inquire about the details as the fee may vary depending on the specific case.

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