Many banks are offering preferential loans to support individual and corporate customers during this difficult time (Photo: VNA)HCMCity (VNS/VNA) - Many commercial banks have unveiled preferentialcredit packages for both individual and corporate customers.
Sacombank has a 16 trillion VND (686.2 million USD) package.
Individual customers who do not have loans and are using its products and servicescan get credit at interest rates starting at 6 percent for short-term loans and7 percent for medium-term loans for their business.
Consumer loans for purposes like buying a car and buying/building/repairingproperties will be given loans at interest rates starting from 7.5 percent forshort tenors and 8 percent for the long term.
Corporate customers can get loans starting at 5 percent if they meet certainconditions.
The offer is valid until June 12 for individual customers and August 11 for corporatecustomers.
An Binh Joint Stock Commercial Bank (ABBANK) has a war chest of 2.3 trillionVND (98.7 million USD) to be lent at interest rates starting at 6.5 percent tosmall and medium-sized enterprises in priority sectors such as food, beverages,rice, construction, supply of machinery and equipment to works using Statecapital, pharmaceuticals, medical equipment including masks and protectiveequipment, retail, logistic services, petroleum, and electronic accessories.
Besides reducing interest rates by up to 2.5 percentage points to corporatecustomers affected by the COVID-19 pandemic, Viet Capital Bank has alsolaunched several preferential credit packages worth a total of 6 trillion VND (257.4million USD) for SMEs.
These will be deployed until year-end./.
VNA
