Efforts to provide online unsecured loans for business households and small businesses

Photo caption — Many banks are investing heavily in technology, integrating artificial intelligence (AI), big data, biometrics, electronic contracts and digital signatures into the lending process.

Currently, Vietnam has more than 5 million individual business households and small shops facing difficulties in accessing bank credit due to lack of collateral and loan procedures/papers. In this situation, some commercial banks (CBs) such as: MB, VIB, MSB, SeABank, Sacombank ... have increased the promotion of loan products without collateral.

SeABank representative said that the bank has just launched the SeAShop product, a business loan with credit to support business households and online store owners who need to expand working capital with preferential interest rates from 1.08%/month, fixed throughout the loan period. Accordingly, SeAShop is designed based on 3 key factors: fast, flexible and transparent. The special feature of this product is that customers only need to prove their revenue through a bank account or tax declaration, no collateral is required.

SeAShop has an interest rate from 1.08%/month, fixed throughout the loan period, helping businesses easily estimate capital costs; loan limit up to 300 million VND, equivalent to one month of average sales revenue of many small stores; free early repayment to help customers reduce costs when paying off early.

“SeAShop is a solution for businesses operating in the fields of food, fashion , cosmetics, interior retail... or doing business through digital platforms such as Shopee, TikTok Shop, Facebook, Zalo... This is a group of customers with high revolving capital needs, familiar with digital technology and prioritize flexible, unconstrained financial products,” said a SeAShop representative.

With MSB's M-Flex, businesses, especially small businesses, can get flexible mortgage loans in just 4 hours. MSB representative said that businesses can get flexible mortgage loans 100% online with a limit of up to 15 billion VND through M-Flex with an approval time of just 4 hours.

According to MSB, businesses operating for 1 year or more that meet the program's conditions can receive attractive interest rates and a maximum credit limit of 15 billion VND. The maximum loan term is 12 months per contract, providing maximum flexibility for businesses in adjusting their financial plans.

MBBank is currently one of the pioneers in comprehensively implementing online lending. Ms. Le Thi Thuy Ha, Director of Digital Lending Project, MBBank Digital Banking Division, said that with the MBBank APP application, the bank is serving more than 33 million individual customers, 100% of unsecured consumer loans have been made, registered and disbursed entirely online.

Notably, more than 90% of production and business loans are also disbursed through digital channels, with cumulative sales of more than VND 165,000 billion in just 8 months of 2025. In addition, the Biz MBBank platform serves more than 350,000 corporate customers, of which 100% are micro-enterprises receiving capital through online channels. All transactions use electronic contracts and digital signatures.

Ms. Nguyen Thi Ngoan, Chief Financial Officer of MISA, said: With nearly 400,000 businesses using cloud services, MISA Lending provides “live” data, allowing banks to assess risks in real time, limit bad debt and speed up disbursement. To date, MISA has connected with 11 banks, granted a limit of nearly 16,000 billion VND and disbursed about 30,000 billion VND, with a loan success rate of 30%, 10 times higher than the traditional model.

Faced with the rapid development of online lending platforms, Mr. Pham Anh Tuan, Director of the Payment Department, State Bank of Vietnam, said that protecting data in the payment sector and ensuring the legitimate rights of users of banking and financial services in the online environment is very important.

"Banks need to continue investing in upgrading security infrastructure, regularly updating new technology solutions; and at the same time, building a network security monitoring system using artificial intelligence (AI). In particular, when expanding international payment connections and online lending, the problem of network security and data protection becomes more complicated due to the requirement of interconnectivity between many systems with different security standards. Online lending also poses urgent requirements for the legal framework and system security," said Mr. Pham Anh Tuan.

Source: https://baotintuc.vn/kinh-te/no-luc-cho-vay-tin-chap-online-cho-ho-kinh-doanh-doanh-nghiep-nho-20250930160245849.htm