Personal finance tips 'not new but always true'

“After taking over the family business for a while, I wanted to expand the warehouse, so I looked into bank loan packages. Adding my family's and my own capital, as well as balancing the cash flow, I found it necessary to supplement capital by borrowing from the bank. Currently, many banks also have quite attractive incentives, making it easier for individuals with needs like me to access,” said Dang Hong Quan, owner of a shop selling products made from green rice flakes.

According to a survey by the State Bank, organizations expect the average deposit and lending interest rates of the entire system to decrease slightly by 0.08 - 0.1% in the second quarter of 2023 and decrease slightly by 0.19 - 0.34% in the whole year of 2023. Through the survey, credit institutions forecast that customers' demand for banking services will develop positively in the second quarter of 2023, in which the demand for loans is expected to "increase" more than the demand for deposits and payments.

Following the general trend, BAC A BANK decided to launch a personal credit incentive program "Easy Loan - Thousands of incentives" with a program limit of up to 5,000 billion VND, applying preferential loan interest rates such as: 0.5% reduction/year for Debt Acknowledgment Contracts under 6 months; 0.3% reduction/year for Debt Acknowledgment Contracts from 6 months to 12 months. The program will be implemented from now until December 31, 2023 (or until the program limit is reached), to support individual customers to easily access "cheap" capital sources to quickly meet all financial needs. Along with preferential interest rates, customers also enjoy flexible loan terms and collateral, and BAC A BANK also applies many different debt repayment options, depending on the ability and needs of the Customer.

Another attractive point is that the program applies to a variety of credit products, including: Loans for additional capital for production and business; Loans for planting and caring for industrial crops; Agricultural loans for growing vegetables and fruits; Loans for investing in assets for production and business; Consumer loans with collateral; Loans for purchasing cars; Loans for purchasing real estate in housing construction investment projects; Loans for purchasing real estate with ownership certificates; Loans for home construction and repair; Loans to support study abroad costs. Each product is designed separately, emphasizing outstanding utilities and special incentives to give customers more "privileges" during the loan period.

With a wide network of more than 160 transaction points nationwide, Bac A Commercial Joint Stock Bank approaches and fully serves customers' loan needs in a dedicated, professional manner, with quick and convenient procedures.

Customers who need more information, please visit the website:baca-bank.vnOr contact branches, BAC A BANK transaction offices.

Customer service hotline:1800588828