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  • KBank Merchant Cash Advance


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​​​​Product Highlig​​ht​s​

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Tailored loan based on KBank mayPOS ​Volume​

Get loan amount up to
240 ​mVND​

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Fast Disbursement & Less effort​

Only ID card required, loan will be disbursed within 2 days​​

 


Daily loan pay back up to 6 months

Pay for daily small amount automatically deduct your account at end day

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Convenience to pay back

Auto deduct from your KBank account,
No repaym​ent on your holiday​

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Product Details

Learn more about the product details of KBank Merchant Cash Advance below​

General Information​​​

  • Loan for small business with tailored loan offer based on settlement amount from KBank mayPOS / KBank Tinh Tien
  • Pre-Approved, no collateral needed
  • No long form to fill outs, only ID card to apply and money in your account within 2 business days​
  • No interest. Just a simple Commitment fee (15%-25% of loan requested amount)
  • Automatic loan repayment (as a fix percentage of settlement amount from KBank mayPOS /KBank Tinh Tien)​

Eligibility 

  • Must have KBank mayPOS or KBank Tinh Tien for more than 6 months​
  • Average credit and debit cards sales via KBank mayPOS or KBank Tinh Tien of at least 10 million VND per month
  • Operate business for more than 6 months
  • Individual with household business registration certificate
  • Age 18 to 59 years old​​

Supporting Document​

  • Citizen ID
  • Invoice not more than 1 year (for loan amount more than 100 mVN​D)



Download File

DocumentFileDownload
KBank Merchant Cash Advance Fact sheet PDF 369 KB
KBank Merchant Cash Advance Loan Contract PDF 731 KB

Frequently Asked Questions​

1.What is KBank Merchant Cash Advance?​

KBank Merchant Cash Advance (KBank MCA) is business financing based on a customer’s credit and debit card sales. Customer should use KBank mayPOS or KBank Tinh Tien continuously for at least 6 months and loan offer will be pre-approved based on average monthly credit/debit card sales.​

2.How is KBank Merchant Cash Advance different from a KBank Term Loan?​

- ​Repayment KBank Merchant Cash Advance is repaid based on a percentage of your ​settlement amount from KBank mayPOS / KBank Tinh Tien, while KBank Term Loan has loan repayment as equal monthly installments.

- ​Interest Rates: KBank Merchant Cash Advance dose not charge interest. We charge you a one-time commitment fee and there are no hidden costs.

-​ Tenor: KBank Merchant Cash Advance has a maximum tenor of 6 months.


3.How do I make repayment for KBank Merchant Cash Advance?​

The repayment will be a fixed percentage of your settlement amount ​ and will be deducted automatically from the bank account that link with KBank mayPOS / KBank Tinh Tien’s settlement.​

4.If I close my business or terminate the KBank mayPOS service, what will happen to my KBank Merchant Cash Advance account?​

Ans: If you close your business or terminate the KBank mayPOS service, you must immediately repay the KBank Merchant Cash Advance outstanding loan amount.

5.What happens if have no transaction settlement?

Ans: If your KBank mayPOS does not have a transaction or during holidays, the system will not deduct any amount from your KBank mayPOS settlement account. But if you do not have a transaction for more than two weeks, it will have an impact on your credit bureau status.

6.What is expected repayment amount?​

Ans: Expected repayment amount is calculated from Total repayment amount divided by total days of the selected term, but customer can easily check it in two places:​

  1. On the KBank Merchant Cash Advance calculator screen when onboarding
  2. In the Approval Notice Email after the customer get approved
7.What happens if I repay less than 50 percent of the expected repayment amount?

Ans: The B​ank may adjust the percentage of daily deduction from the initial agreement or ask you to repay by direct debit (see more explanation in Figure)​​​


8.How can I get apply for KBank Merchant Cash Advance?​

Currently we offer the KBank Merchant Cash Advance as a pre-approved loan to KBank mayPOS / KBank Tinh Tien customers based on historical KBank mayPOS or KBank Ti​nh Tien transactions.

9.How long does it take to get money?​

It just takes 1-2 business days to transfer money to the bank account that link with KBank ma​yPOS / KBank Tinh Tien’s settlement.​

10.Can I make early repayment on KBank Merchant Cash Advance?​

Yes, you can make an early repayment at any time and it doesn’t have any additional fee or penalties.​

11.Can I apply for a higher amount than the pre-approved loan offer by KBank?​

​The offer is based on your current turnover from KBank ma​yPOS / KBank Tinh Tien transactional data; therefore, it can only be increased when your turnover increases.​

12.KBank Merchant Cash Advance Repayment Guideline​​

Here is the illustration to show how repayment for MCA works whenever there is a credit/debit card sales from KBank mayPOS:

Transaction Date​​

Transaction Time

​

Transaction Type

Amount (in VND)

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May 6th, 2024​

​

Card Sales through ​KBank mayPOS​

1,000,000

​May 7th, 2024

​

15:00

​

Net Payment Settlement from May 6th, 2024

Sales (1,000,000)​

- Any hold transaction (100,000)

- MDR + VAT of Sales (14,400)​

Total = 885,600 VND​

​

​885,600

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May 7th, 2024

​

23:00

​Loan Repayment (15% of Net Payment Settlement)​

​

​-132,840

​

May 7th, 2024

​Card Sales through KBank ma​yPOS

​

0

​May 8th, 2024

​15:00

​

​Net Payment Settlement from May 7th, 2024​

​

​0

​

​May 8th, 2024

23:00

​

Loan Repayment (15% of Net Payment Settlement)​

​

0

​

May 8th, 2024

​

Card Sales through KBank ma​yPOS

2,000,000

​

​May 9th, 2024

15:00

Net Payment Settlement from May 8th, 2024

Sales (2,000,000)​

- Any hold transaction (100,000)

- MDR + VAT of Sales (30,400)​

Total = 1,869,600 VND​

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​1,869,600

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​May 9th, 2024

​23:00

Loan Repayment (15% of Net Payment Settlement)

​-280,440

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