Interest rate for preferential credit programmes reduced
The Prime Minister recently issued Decision 750/QD-TTg on lowering
interest rates for preferential credit programmes at the Vietnam Bank
for Social Policies (VBSP).
The Prime Minister recently issued Decision 750/QD-TTg on lowering
interest rates for preferential credit programmes at the Vietnam Bank
for Social Policies (VBSP).
Accordingly, lending rates for poor households, students and those working abroad for a limited duration as well as loans from the National Employment Fund will be reduced from 7.2 percent per year to 6.6 percent, or 0.55 percent per month.
Interest rates for clean water and environmental sanitation programmes in rural areas and business households in underprivileged areas will also be lowered to 9 percent from 9.6 percent annually, equivalent to 0.75 percent per month.
The Decision will take effect on June 5, 2015 and only applies to new loans.-VNA
Accordingly, lending rates for poor households, students and those working abroad for a limited duration as well as loans from the National Employment Fund will be reduced from 7.2 percent per year to 6.6 percent, or 0.55 percent per month.
Interest rates for clean water and environmental sanitation programmes in rural areas and business households in underprivileged areas will also be lowered to 9 percent from 9.6 percent annually, equivalent to 0.75 percent per month.
The Decision will take effect on June 5, 2015 and only applies to new loans.-VNA
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