Business loans for purchasing new cars.
Loan approval for car purchases takes only 48 hours, with loan terms up to 60 months and loan-to-value ratios up to 80% of the vehicle's price.
Vietnam International Bank (VIB) has just launched a program for businesses needing to purchase new cars with a preferential interest rate of only 7.15% per year for the first 6 months, valid from now until September 30, 2016. VIB's super-fast car loan product for businesses was launched at the beginning of 2015 and has received a positive response from many customers and car dealerships thanks to its outstanding advantages.
In this latest rollout, VIB's product has undergone significant changes to benefit customers. Besides preferential interest rates, the processing and approval time is also a key advantage, taking only 48 hours (2 days), with loan terms up to 60 months and loan ratios up to 80% of the vehicle value.
Ms. Vuong Thi Huyen, Director of Corporate Banking at VIB, stated, “To express our gratitude for the support of our valued customers, we have invested and strived to develop convenient products to provide maximum convenience for customers and quickly meet their needs.”
Besides the preferential loan program for businesses purchasing automobiles, VIB also implements many preferential interest rate packages for businesses in response to the directives of the Prime Minister and the Governor of the State Bank of Vietnam regarding banks reducing lending rates to support businesses, such as: A VND 3,000 billion preferential interest rate package for working capital financing for the group of manufacturing and import-export businesses in the textile and garment industry; and a preferential interest rate package for businesses borrowing medium and long-term loans, issuing bonds to invest in fixed assets, and expanding business with a commitment to very preferential interest rates.
According to VOV
