Home Credit Vietnam

What Home Credit Vietnam does

Home Credit Vietnam Finance Limited Company is a private, PPF Group-owned consumer finance company founded in 2008 and headquartered in Ho Chi Minh City. It operates a multi-product digital credit platform serving over 17 million individual customers across all 34 provinces of Vietnam, with a workforce of approximately 6,000 employees and a distribution footprint of 16,000+ service referral points embedded at partner retail locations. The company is positioned as Vietnam's second-largest consumer finance provider, targeting working-age consumers and the underserved/unbanked population who lack collateral or formal income documentation.

The product portfolio spans cash loans, credit cards, a Buy Now Pay Later service branded Home PayLater, and installment financing for electronics/appliances, motorcycles (including electric vehicles through VinFast), and other services such as aesthetics, education, dental, and construction. Insurance products are offered as a cross-sell layer. The underlying platform is a digital lending stack delivered through the Home Credit mobile app (iOS/Android) and online banking portal, featuring biometric authentication, automated credit decisioning delivering 3-minute approvals, and digital contract execution. The platform integrates with Apple Pay, Google Pay, Shopee, Grab, and the BE Super App, and connects to Vietnam's National Credit Information Center for credit data.

Home Credit earns revenue primarily through interest income and transaction/processing fees on consumer lending, credit card operations, BNPL, and insurance commissions. Its hybrid go-to-market combines direct digital channels (mobile app, website) with physical POS presence via partner retail chains (Yamaha, VinFast, Samsung/The Gioi Di Dong, Shopee, Grab). In 2025, the company generated after-tax profits exceeding $76.9 million, up over 60% year-over-year. A planned ~$806.5 million acquisition by Siam Commercial Bank (SCBX) was terminated in March 2026, leaving Home Credit Vietnam independently owned by PPF Group and continuing to operate as one of the country's leading licensed consumer finance businesses.

Name

Home Credit Vietnam

Legal name

Công Ty Tài Chính TNHH MTV Home Credit Việt Nam

Website

https://homecredit.vn

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Home Credit Vietnam is a PPF Group-owned consumer finance company serving 17M+ customers across 34 provinces via cash loans, credit cards, BNPL, and installment financing for electronics, motorcycles, and consumer services.

Ownership category

akta.pro rank

Product category

Consumer Finance

NAICS

Credit Card Issuing (522210), Sales Financing (522220)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Virtual / Digital-First Credit Cards (FSAKABAK)

akta.pro secondary industries

BNPL Card / Virtual Card Programs (FSAKACAC), Private Label / Store Credit Cards (FSAKABAC)

Keywords

• Consumer finance
• Personal loans
• Credit cards
• Buy now pay later
• Installment lending

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Consumer Lending: Interest income from personal cash loans, motorcycle loans, and consumer durable loans with interest rates starting from 0% for installment purchases.
2. Credit Card Services: Annual fees, transaction fees, and interest income from credit card operations with cashback and installment features.
3. BNPL Services (Home PayLater): Buy Now Pay Later service generating revenue through merchant partnerships and installment processing fees.
4. Insurance Products: Commission revenue from insurance products offered alongside loans including credit life insurance and device protection.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Home Credit Vietnam is a consumer finance company offering digital credit products to individual consumers, including cash loans, credit cards, a Buy Now Pay Later service (Home PayLater), and installment financing for electronics, motorcycles, and other consumer purchases. Products are distributed through a mobile app, a website, and a nationwide network of more than 16,000 service referral points embedded in partner retail chains, with applications processed digitally using only a national ID and 3-minute automated credit decisions.

Product overview

Home Credit Vietnam operates a multi-product digital consumer finance platform offering credit products across lending and payments. The core portfolio comprises cash loans (Vay tiền mặt) and credit cards (Thẻ tín dụng) as the primary credit products, alongside a BNPL service branded as Home PayLater (Tài khoản trả sau). Installment financing is available across three verticals: electronics/appliances (Trả góp Điện máy), motorcycles (Trả góp Xe máy), and other services (aesthetics, dental, education, etc.). Insurance products are offered as a cross-selling add-on. All products are accessible through the Home Credit mobile app (iOS/Android), which serves as the primary digital touchpoint for loan management, card applications, BNPL QR payments, and biometric authentication. The platform supports contactless payments via Apple Pay and Google Pay integrations.

Differentiator

Problem solved

Functional benefit

Brands

• Home PayLater: Buy Now, Pay Later (BNPL) service allowing QR code payments with installment options of 1, 3, 6, or 12 months without hidden fees.

Products and services

• Cash Loans (Vay tiền mặt)

Quantifiable outcome

• 10-minute cash loan disbursement
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability1 record

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• TechcombankcoreStrategic or Co-development Partner · 20 January 2026Home Credit and Techcombank partnered to implement the entrusted lending program (Cho vay Ủy thác), enabling joint lending products where Techcombank provides funds and Home Credit manages distribution and servicing. Multiple contract templates were updated as of January 2026 for this partnership.
• Be GroupcoreStrategic or Co-development Partner · 5 November 2024Home Credit partnered with Be Group to promote its Home PayLater BNPL service on the BE Super App. The partnership enables accessible credit up to $988 (approximately 24 million VND) through the app, offering diverse payment options for food delivery, travel tickets, and insurance services. The partnership targets the rapidly growing BNPL market projected to reach $11.27 billion by 2029.
• ApplecoreTechnology or IntegrationHome Credit officially integrated with Apple Pay, enabling seamless card payments through the digital wallet. This integration allows Home Credit cardholders to make secure payments using their cards integrated in Apple Wallet.
• GooglecoreTechnology or IntegrationHome Credit credit cards officially joined Google Pay, providing enhanced security and convenience for card payments through Google's payment platform.
• FPT Telecom (FPT Mobile)minorStrategic or Co-development PartnerHome Credit partnered with FPT Mobile network to bring comprehensive finance-technology solutions to customers through integrated services.
• Grab VietnamminorGTM or Marketing PartnerHome Credit offers Grab Dine Out promotions where cardholders receive discounts of up to 250,000 VND when using their Home Credit cards at Grab partner restaurants.
• ShopeeminorGTM or Marketing PartnerHome Credit credit cards offer 0% interest installment payments for purchases on Shopee e-commerce platform with no additional costs.
• Samsung VietnamminorGTM or Marketing PartnerJoint promotions for Samsung Galaxy smartphones with 0% installment payments through Home Credit and The Gioi Di Dong retail chain, including Galaxy S26 Ultra promotions.
• Yamaha VietnamcoreChannel Partner/ Reseller/ DistributorHome Credit provides installment financing services at Yamaha motorcycle dealerships across Vietnam, enabling customers to purchase motorcycles with flexible payment plans.
• VinFastcoreChannel Partner/ Reseller/ DistributorHome Credit offers installment financing for VinFast electric vehicles and motorcycles through VinFast dealer network.
• Vietnam National Credit Information Center (CIC)coreTechnology or IntegrationHome Credit accesses and contributes to the Vietnam National Credit Information Center (CIC) for credit scoring and risk assessment purposes as part of their credit evaluation process.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HD Saison Finance: Vietnamese consumer finance joint venture with Korea's HD Bank. Provides installment loans for motorcycles, electronics, and consumer durables at retail POS. Competes head-to-head with Home Credit in the same POS installment segment.
• FE Credit: Vietnam's largest consumer finance company, subsidiary of VPBank. Offers cash loans, installment financing, and credit cards across Vietnam. Directly competes with Home Credit across the same product categories and POS retail network.
• Mirae Asset Finance Vietnam: Vietnamese consumer finance subsidiary of Korea's Mirae Asset. Offers consumer installment loans and personal credit products. Directly competes in the same POS-driven consumer finance category.
• EVN Finance: Consumer finance arm of Vietnam Electricity (EVN). Provides personal loans, vehicle financing, and household installment credit. Comparable in scale and product mix to Home Credit's core lending operations.
• Mcredit: Consumer finance company backed by Masan Group and MSB. Offers personal loans, motorcycle financing, and consumer durable installment plans. Direct competitor in Vietnam's POS consumer lending market.
• Prudential Vietnam Finance: Vietnamese consumer finance company affiliated with Prudential. Offers personal loans, auto/motorcycle financing, and consumer installment products. Directly competes with Home Credit in Vietnam consumer credit.
• SHB Finance: Consumer finance arm of SHB Bank. Provides personal loans, vehicle financing, and consumer installment products across Vietnam. Comparable scale and product set to Home Credit's lending business.

Emerging players

• MoMo: Vietnam's largest e-wallet with growing consumer credit and installment features. Increasingly competes with Home PayLater in BNPL and consumer payments across Vietnam.
• Cake by VPBank: Vietnamese digital-first bank with consumer lending, BNPL, and payment features built into a mobile app. Represents the new wave of digital-native competitors targeting the same underbanked consumer base as Home Credit.

Broad incumbents

• VPBank: Parent of FE Credit and Cake, VPBank is a major Vietnamese bank with a broad retail lending portfolio. Competes with Home Credit across consumer loans, cards, and now digital banking through its subsidiaries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@HomeCreditVietnamOfficial
• Facebookfacebook.com/homecreditvn
• LinkedInlinkedin.com/company/homecreditvn
• TikToktiktok.com/@homecreditvn
• Xx.com/homecreditvn

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Home Credit Vietnam