New Year’s Eve comes with all this preparation and shopping that needs to be done, increasing the financial burden for many of people. To make our customers’ lives easier, Timo offers 2 special products to help you get everything you need without worrying about breaking the bank: Timo Fast Cash & Timo VISA Installment.

If you are wondering which product would best suit you, keep reading to get all the information needed to make the right decision for yourself.

1/ Registration and approval

Timo VISA Installment

  • Timo VISA holders can immediately apply for the installment plan if your credit card is active and the validity period of the card is equal or greater than the installment repayment period.
  • The approval is carried out online via the Timo app. Any eligible transaction over 3.000.000 VND that are labeled “Create Installment” in the Timo app can be converted into installments. You can receive the confirmation of your installment status within 1 day* from application.  *Only applicable on working days

Fast Cash

Timo’s cardholders can easily register for Fast Cash in the Timo app within a few minutes. Your application would be approved within 30 minutes during working hours (Mon – Fri, 8:00 – 16:00)

2/ Criteria for application

Timo VISA Installment

To apply for Timo VISA Installment, the main criteria for application focus on the transactions needed to be converted into installments, such as:

  • Eligible transactions must be over 3.000.000 VND and are labeled “Create Installment” in the Timo app.
  • Eligible transactions applied to be converted into installments must be successfully recorded by VPBank
  • Eligible transactions must be paid by VNĐ inside Vietnam.

Find out more about other criteria for application here.

Fast Cash

With Timo Fast Cash, you will not need to provide proof of income or mortgage assets in order to apply. There are only 3 qualification criteria for Timo Fast Cash as shown below:

  • You have an active Timo Spend Account for at least 180 days.
  • Your Spend Account and Goal Save have a minimum average balance of at least 500.000 VND over 180 days.
  • Your Spend Account has an average number of deposit transactions of at least 5.000.000 VND over 180 days.

Similar to Timo VISA Installment, Fast Cash can also be applied for in the app. Read more about how to activate your Fast Cash here.

3/Limit, interest and payment terms

  • Timo VISA Installment offers flexible repayment periods of 3, 6 or 12 months. This installment plan does not have a limit, any eligible transaction over 3.000.000 VND can be converted into installments with a low 1% interest rate payable monthly.
  • The limit of Fast Cash ranges from 10.000.000 VND to 100.000.000 VND. The maximum repayment period for Fast Cash is within 01 year from the day your Fast Cash is activated. Interest rates may change based on the time of registration, hence, full details about interest will be sent to your registered email address upon applying for Fast Cash.

4/ Characteristics and benefits

  • Timo VISA Installment: although this feature will help you shop for New Year’s Eve with ease, it allows you to carefully consider if it would be the right decision before converting each transaction into installments. Additionally, since this installment plan is not tied to any specific merchant in Vietnam, you can freely buy whatever your heart desires at any merchant of your choosing. However, this feature can only be used by Timo VISA holders with transactions made online and through POS terminals in Vietnam and in VND.
  • Fast Cash: this feature offers you additional cash flow with a high limit. Fast Cash can be used to pay utility or shopping bills online, transfer money and can be used regularly by swiping the Timo Debit card at all POS terminals. However, the money in Fast Cash will only be activated when your Spend Account balance reaches zero. Also, since Fast Cash can be activated with a high limit, you should be careful with your spending to avoid ending up with an excessive amount of debt. You are advised to only use Fast Cash for your daily shopping activities.

Both of the above products have their own distinct advantages that can help you to shop without worrying about going broke this Year-end. Upon understanding clearly the characteristics of both products, you will be able to choose the right feature for yourself to help you prepare better for the upcoming festive celebrations.  

When it comes to benefits of Timo Mastercard, the first benefit that would come to your mind is probably the convenience of being able to use Timo Mastercard as a replacement for cash anywhere, even when you are abroad. However, in addition to the usual benefits of a credit card, Timo Mastercard also offers a flexible installment scheme with several outstanding benefits. With the Timo Mastercard installment scheme, customers with high shopping needs can now split their payment into smaller amounts without worrying about having to use a large portion of their credit limit at one time. You can find a close-up view of the 3 outstanding benefits that come with Timo Mastercard installment scheme in the article below.

Open a Timo account to sign up for a Timo Mastercard here.


Loan applications often bring a feeling of discouragement and confusion due to the complexity of applying and having to provide financial proof. With the flexible installment scheme of Timo Mastercard, you will not have to worry about the above problems anymore, as all the complicated procedures are eliminated.

To use the installment scheme of Timo Mastercard, you only need to own an active Timo Mastercard. Eligible transactions to be paid by this installment schemes only have to be done in Vietnam and are equivalent to 3.000.000 VND and above. The chosen installment repayment period only has to be shorter than or equal to the validity period of your Timo Mastercard.

Another outstanding point needed to be seen here is how every application step and usage can be carried out in the Timo app. This helps you to avoid the following 3 problems: having to visit a bank, having to depend on the bank for every application step and usage, having to wait a certain amount of time.

How is it possible that you can just use the Timo app to apply for and use this installment scheme? This is because all eligible transactions that can be converted into installments will be labelled as “Create Installment” in the Timo app. You only need to create an installment for this payment and choose your repayment period: 3, 6 or 12 months. You can also monitor the status of the monthly payments you need to make easily in the app.

Find out more about qualification criteria and how to apply here.

Open a Timo account to sign up for a Timo Mastercard here.


Once you have completed your application for Timo Mastercard installment scheme, every following eligible transaction with a minimum value of 3.000.000 VND can then be easily converted into installments. Better yet, this feature can be used nationwide and is not restricted to any location.

The installment scheme of Timo Mastercard does not only apply for Timo’s partners. As long as your transaction is made within Vietnam (online or at the store) and considered to be eligible, such transactions can be converted into installments.

In addition to unlimited locations of where the scheme can be applied, you are also not limited to locations where you can track your payments as the Timo app will automatically update all necessary notifications to users.

Find out more about the terms and conditions of Timo Mastercard installment scheme here.

Open a Timo account to sign up for a Timo Mastercard here.


The flexibility of payment is demonstrated through several different utilities. The first flexibility lies in the fact that any of your eligible transactions with a minimum value of 3.000.000 VND and above can be converted into installments. You wouldn’t need to wait a long time before buying something you want, nor have to worry about spending a large portion of your credit limit on one thing.  

Additionally, to help you choose a repayment period that suits your financial capability, we also offer 3 different installment repayment periods, including: 3, 6 and 12 months. You are also in complete control of your repayment. At every active installment, you can clearly see all the important information you need to know, such as: remaining repayment time, due date, monthly payment, total payment, etc. You can also choose to pay early before the end of your repayment period.

With these 3 outstanding benefits of installment scheme, you can easily manage your spending and enjoy the pleasure of getting what you want at anytime you want. Find out more about Timo Mastercard here.

Open a Timo account to sign up for a Timo Mastercard here.


  • Did you know? 

    To help you save time and money so you can live your life instead of spending it at a bank, Timo digitalizes the majority of regular banking transactions so you can bank anywhere and anytime. Here are some of the highlights that you can look forward to: 

    Free ATM withdrawals/money transfer

    Free annual fee for Timo Debit cards 

    Smart online saving tools with competitive interest rates

    Convenient Timo Mastercard with attractive benefits

    Get an overdraft loan within 30 minutes via the Timo app

    Send a payment request, lock/unlock your cards, pay bills right within the app