Customers at a BIDV office. BIDV’s customers will enjoy preferential interest rates from 8 per cent per year for loans of less than 6 months and from 9% per year for loans from 6 months to 12 months. (Photo: VNA) The Big4 banks include BIDV, VietinBank, Vietcombank and Agribank.
Specifically, BIDV has implemented a new loan package for individual borrowersworth 130 trillion VND, of which 30 trillion VND is for a short-term packageand the remaining is for a long-term package.
Under the short-term package, customers will enjoy preferential interest ratesfrom 8% per year for loans of less than 6 months and from 9% per year for loansfrom 6 months to 12 months.
As for the long-term loan package for housing purchases, the preferentialinterest rate of 10.3% per year is applied for the first 12 months from thedate of disbursement, or 10.9% per year for the first 18 months from the dateof loan disbursement.
In addition, the bank has also applied an additional reduction of 0.2-0.4% forhome loan customers who meet some conditions such as being paid salary throughBIDV accounts, and buying houses in Hanoi and HCM City.
Besides BIDV, the three other Big4 banks have also announced to reduce lendingrates or launch preferential packages to support borrowers.
VietinBank has launched a 10 trillion VND package with a preferential interestrate of 7% per year to support small- and medium-sized enterprises (SMEs) todevelop their business in the first half of 2023.
Accordingly, short-term loans with a term of less than six months until June 30this year will enjoy preferential interest rates from only 7% per year. Theincentive package is applicable to SMEs who borrow from VietinBank for thefirst time or have not been disbursed any loan within the past six months.
Agribank has also announced the application of interest rate support policy forreal estate business loans until the end of this year.
Specifically, the interest rate for real estate loans can be adjusted down byup to 3% per year compared to the current lending interest rate but not lowerthan the 12-month short-term loan interest rate for normal production andbusiness activities in accordance with Agribank's regulations.
At Vietcombank, the bank said from January 1, 2023 to the end of April 30,2023, interest rates will continue to be reduced by 0.5% per year forindividual and corporate customers, except for customers in risky sectors suchas real estate and securities.
Besides the group of State-owned banks, many other private banks such asSacombank, SeABank and ACB have also announced to reduce lending interest ratesand have preferential packages to support customers./.
VNA
