Making news

Banks roll out preferential credit packages

Many commercial banks have unveiled preferential credit 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 services can get credit at interest rates starting at 6 percent for short-term loans and 7 percent for medium-term loans for their business.

Consumer loans for purposes like buying a car and buying/building/repairing properties will be given loans at interest rates starting from 7.5 percent for short tenors and 8 percent for the long term.

Corporate customers can get loans starting at 5 percent if they meet certain conditions.

The offer is valid until June 12 for individual customers and August 11 for corporate customers.

An Bình Joint Stock Commercial Bank (ABBANK) has a war chest of 2.3 trillion VND (98.7 million USD) to be lent at interest rates starting at 6.5 percent to small and medium-sized enterprises in priority sectors such as food, beverages, rice, construction, supply of machinery and equipment to works using State capital, pharmaceuticals, medical equipment including masks and protective equipment, retail, logistic services, petroleum, and electronic accessories.

Besides reducing interest rates by up to 2.5 percentage points to corporate customers affected by the COVID-19 pandemic, Viet Capital Bank has also launched several preferential credit packages worth a total of 6 trillion VND (257.4 million USD) for SMEs.

These will be deployed until year-end./.