Senmo is a financial lender that supports customers to borrow money with different limits. Support fast loan application, simple procedure, fast disbursement. However, there is some information about Senmo scam Many customers ask questions and concerns. So what is the truth? Please see the article introduced by Banktop below.

About Senmo

What is Senmo?
What is Senmo?

Senmo is one of the financial lending support units born in 2019 in Vietnam. With a simple loan method, just need an ID card, customers can borrow cash up to 15 million VND.

Received the attention and trust from customers by the professionalism in the way of working, dedicated customer support and consulting services in accordance with the desired customer needs.

Why is there information that Senmo is a scam?

Information about Senmo scam has made some customers feel quite worried. However, this information is completely bogus, specifically as follows:

Customer psychology

Currently, there are many financial apps that support customers to borrow money online. This also has many customers concerned about unsafe transactions and loan contracts. Usually the general psychology of customers is like that.

But if you look closely, you can also see that a number of online money lenders like Senmo are also very reputable, and many of them also have a legal license to operate.

Senmo loan interest rate

Senmo supports customers to borrow money at an interest rate of 1,523%/month with a application fee of 70,000 VND. If customers pay late on the terms, they will have to pay an additional penalty fee with an interest rate of up to 150%.

Therefore, when making a loan, you should carefully review the information in the contract and about the fees so as not to mistakenly believe that Senmo wants to scam and appropriate more of your money.

Bad object pretending to be a Senmo employee

In case when Senmo staff contact customers to advise on loans with preferential interest rates, customers should consider this. And it is necessary to verify the information again because this may be a fake Senmo object that makes you mistaken for a fraudulent Senmo unit to appropriate property, offering attractive services.

In addition, customers absolutely do not provide personal information to any loan unit without understanding.

The truth is that Senmo collects debt from “gypsy” and gets arrested

This information is completely incorrect. Because the Senmo unit always operates in accordance with the rules and the debt collection will also be carried out according to the legal process.

If the customer intentionally does not pay the debt despite doing all possible ways such as calling reminders, texting, contacting relatives, sending notices home, etc… When no response is received, Senmo will file a petition. to the Court to request a settlement.

Should I borrow money from Senmo?

Senmo financial company operates transparently and has no signs of fraud, so if you want to borrow money here, you can still refer to it if you have a need. Senmo was operated on February 27, 2018 by the Department of Planning and Investment of Ho Chi Minh City. Licensed by Ho Chi Minh. The unit has now supported many borrowers with many convenient services.

If you want to borrow with an amount of less than 10 million and disburse within the same day, without any collateral, you can choose Senmo.

Is it a crime to borrow money without paying Senmo?

No matter where you borrow money, once you borrow money, you have to pay it back. Moreover, if you borrow money based on a contract with a clear record, when you do not pay, you will definitely commit a crime and this will involve Legal issues.

Moreover, Senmo operates based on the law and strictly according to the regulations of the State. So, once a customer borrows money at the unit, if he intends to default, he will definitely be handled by the law.

Senmo . loan information

Senmo . loan information
Senmo . loan information

Let’s find out the information about Senmo loan below to see if it is suitable for your loan needs.


Conditions to borrow money at Senmo are as follows:

  • Being 18 years old or older, being a Vietnamese citizen.
  • Have full personal papers ID/CCCD or Passport.
  • Have a bank account.
  • Have a stable income of at least 3 million VND per month.
  • There is no bad debt at financial and banking units.

You can get a loan from 1 to 15 million VND, just having an ID card is enough and the repayment period is 30 days. Or you can also choose the term according to your financial ability.

How to borrow

If you want to get a loan at Senmo, you can refer to the online registration process for a loan at Senmo as follows:

  • Step 1: Access the website of the system, in the loan section you proceed to select the loan amount and term to register.
  • Step 2: Enter your phone number with personal information to receive a verification OTP code.
  • Step 3: Provide complete and accurate personal information to complete your loan application.
  • Step 4: After confirming your agreement with’s terms of service, the system will review your registration file and respond shortly thereafter.
  • Step 5: If the loan application is successful, the disbursed amount will be transferred to your bank account. Please pay attention to the interest payment deadline so that you can balance your finances and pay on time to avoid incurring late payment penalties according to the contract.


In the above article, Banktop has compiled the most complete information about financial companies for you Senmo scam or not? As well as introducing the services provided at Senmo for customers to refer to. Reaffirming to you, Senmo is a reputable, safe lender today and does not have a form of fraud. Always be selective and check with the streams of information you receive.

The article was edited by:

5/5 – (1 vote)


Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *