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interest-free loans
News updates related to interest rate loans
Arrested 3 subjects lending interest rates from 240%/year to 644%/year
Authorities have just arrested three suspects in the case of "Lending at high interest rates in civil transactions", illegally profiting more than 10 billion VND.
Law
Woman arrested for lending money at 200% interest rate/year, illegally profiting 800 million VND
From the information that people called the hotline of the Director of Tra Vinh Provincial Police, the Investigation Police Agency verified and clarified the case of a woman lending money at high interest rates of up to 208.05%/year.
'Hot girl' lending at interest rate of more than 109%/year caught
(Baonghean.vn) - Taking advantage of the economic difficulties of some local people, Nguyen Thi Chi Anh (born in 1991), residing in Tan Phuc hamlet, Dien Thinh commune, Dien Chau district, lent them money at high interest rates, some of which were from 2,000 VND to 3,000 VND/1 million VND/day.
Foreigners run 3 lending companies with interest rates up to nearly 1,400%/year
Foreigners run three lending companies with interest rates ranging from 401.5% to 1,379.7% per year, 20-68 times higher than the highest interest rate allowed under the Civil Code.
Falling into the trap of fake bank officials opening interest-free loan packages
Having no stable job and a criminal record for "Fraudulent appropriation of property", the subject easily appropriated money from many women with interest-free loan packages.
Illegal profit of nearly 400 million VND from lending at 252% interest rate per year
(Baonghean.vn) - Vi Thi Nga lent many people a total amount of over 10 billion VND with an interest rate of 5 million VND/100 million VND/week (252%/year).
Villager fined 60 million VND for lending at high interest rates
(Baonghean.vn) - Lending money to others at interest rates 9.1 to 18.2 times higher than the highest interest rate prescribed (20%/year), Luong Van Tuan, born in 1986, residing in Huu Kiem commune (Ky Son) was sentenced to a fine of 60 million VND at the trial held on the morning of August 20, 2021.
Do Luong police arrest 'black credit boss' lending interest rates up to 150%/month
August 4, 2021 14:59
(Baonghean.vn) - Hoang Thi Huong is the "boss" of short-term loans with "exorbitant" interest rates from 25,000 VND/1 million VND/1 day to 50,000 VND/1 million VND/1 day.
Prosecution of 60-year-old woman lending at interest rates of 144%/year
February 12, 2020 10:14
(Baonghean.vn) - The 60-year-old woman prosecuted by the Nam Dan District Police, Nghe An Province for loan sharking with interest rates of 144%/year is Phan Thi Ha.
Special project to arrest female leader of 'black credit' gang, lending at 450% annual interest rate
December 24, 2019 17:01
(Baonghean.vn) - Based on the collected information, Vinh City Police established Project 129L, implementing the Emergency Detention Order against Nguyen Thi Quynh Hoa for intentionally causing injury and lending at high interest rates in civil transactions.
Eliminate loan shark gang using petrol bombs to threaten debtors
May 14, 2019 05:59
A loan shark gang was caught red-handed throwing petrol bombs into a debtor's house to demand loan repayments at exorbitant interest rates.
A group specializing in lending at "exorbitant" interest rates in Vinh City was eliminated.
January 4, 2019 10:28
(Baonghean.vn) - The Criminal Police Department (Nghe An Provincial Police) has just eliminated a group of loan sharks in civil transactions, arrested a subject, and initially proved that the subjects illegally profited from loan sharking of more than 1 billion VND.
Difficult to implement low interest rate loans
June 26, 2012 18:31
In the province, there are currently 49 grassroots People's Credit Funds (GCFs) operating in 12 districts, cities and towns, mainly lending for investment in agricultural and rural development. Most of the loans are in the priority group according to the regulations of the State Bank.
Disbursement of more than 30 billion VND in preferential interest rate loans
September 21, 2011 11:01
Implementing Directive 02 of the State Bank, Hung Nguyen District Agricultural Bank strictly complies with the mobilization interest rate of 14%/year and lending interest rate of 17-19%/year for rural agricultural customers, import-export customers, and small and medium enterprises.
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