F88 will lend at home through the website F88.vn to help people access convenient capital while ensuring safety against epidemics.  
  
Specifically, F88's 430 transaction offices nationwide will convert to home loans for customers wishing to pledge assets. According to this conversion method, F88 instead of having to go to F88 's transaction office to apply for a loan, customers only need to apply for a loan via the online channel at F88.vn website.  
  
Customers need to provide personal information, information about assets to support consumer loans. F88's credit appraisal department will approve the loan in 15 minutes and transfer the money to the bank account that the customer has previously registered. The advantage of this "home loan" model is that customers do not have to wait for procedures, quick online loan approval, and have quick money to solve their personal spending needs during the epidemic season. Accordingly, people can apply for a loan anywhere: at home, at work, in isolated areas, in isolation... and get approval for a loan online right after registration.  
  
F88 deploys home loan service. Photo: F88  
F88 deploys the "home loan" service. Photo: F88  
  
According to Mr. Pham Tran Long- Director of F88 Business Division, this is a timely transformation of the company during the time of social distancing, helping people to have a more stable life during the pandemic. "F88's strength is its technology platform. The transformation to a home loan model is inevitable during the complicated situation of the pandemic. This is also a stepping stone for F88 to deploy fast loans via loan applications. online in the near future", Mr. Long shared.  
  
Recently, F88 also announced the successful issuance of 1,000 bonds with a total par value of VND 100 billion, term of 18 months, bringing the total number of issued bonds to VND 700 billion. In which, an institutional investor accounted for 10%, equivalent to the holding value of 10 billion dong, the remaining 90 billion dong was invested by 26 individuals. This is a non-convertible, unwarranted and unsecured bond with a fixed interest rate of 12.5% ​​per annum. The proceeds from this issuance will be used for business - mortgage lending; at the same time expanding the store system and paying salaries and bonuses to employees.  
  
Transaction office at 81 Vinh Thong, Dong Trieu, Quang Ninh. Photo: F88  
Transaction office of F88 at 81 Vinh Thong, Dong Trieu, Quang Ninh. Photo: F88  
  
In the first 6 months of the year, despite being affected by the outbreak of the Covid-19 epidemic, F88's revenue still increased by 285% compared to the same period in 2020, exceeding the revenue of 2020. The company said, ensuring salary and bonus and other benefits. welfare policies such as health insurance, health insurance, accident insurance... for 2,800 employees. In addition, F88 also established a Happiness Fund to support and help employees who are in extremely difficult circumstances.  
  
In July, F88's Loving Rice Fund also donated 2,150 gifts of essential necessities such as rice, cooking oil, spices... to people around the F88 transaction office area in Hanoi. , Bac Ninh, Bac Giang, Quang Ninh, Thanh Hoa... The fund also received nearly 700 barrels of mineral water and fresh milk for frontline doctors and nurses in Ho Chi Minh City, Hoc Mon town police, and ward 2 police. District 10, An Thoi ward police station, District 12, Eastern Military Hospital, Thu Dung field hospital.  
  
Established in 2013, F88 provides mortgage lending services and other financial utilities such as insurance combined with Post and Telecommunications Insurance Corporation, MAP Life Insurance Company, collection service, f88 etc. household, payment, bill payment, money transfer, deposit and withdrawal of Momo... Up to now, F88 has developed into a system of pawn services, mortgage loans and financial facilities.  
  
By the end of July 2021, F88 has opened up 430 transaction offices in 60 cities and provinces. In addition to lending, this company also focuses on developing financial utilities that provide a variety of insurance products: life and non-life insurance such as motorcycle civil liability insurance, accident insurance, etc. personal accident, cancer insurance and loan insurance.... for low and middle income customers.