3 trillion VND allocated for consumer loans with preferential interest rates.
According to leaders of Vietnam Foreign Trade Bank (Vietcombank), the bank has just allocated 3,000 billion VND for consumer loans with preferential interest rates starting from only 7.99% per year for individuals signing new loan contracts.
This is a large product package for individual customers borrowing funds to buy real estate, build or renovate homes, purchase cars, and supplement short-term business capital.
Vietcombank applies preferential interest rates, starting from only 7.99%/year, fixed for 6 months if the loan term is 24 months or less, and fixed for 12 months if the loan term is over 24 months.
According to Vietcombank's leadership, since the beginning of the year, the real estate and automobile markets have slowed down somewhat, partly due to reduced consumer demand, and largely because many people still have demand but are waiting for price reduction strategies from urban areas and new products from car manufacturers.
On the other hand, many people are still hesitant due to the difficulty in accessing loan capital and the sometimes high interest rates.
Understanding this sentiment, Vietcombank has launched a preferential interest rate program so that people can simultaneously enjoy a range of benefits by owning both a house and a car.
According to Vietnam+
