3,000 billion VND for consumer loans with preferential interest rates
The leader of the Bank for Foreign Trade of Vietnam (Vietcombank) said that the bank has just set aside 3,000 billion VND for consumer loans with preferential interest rates starting from only 7.99%/year for individuals signing new loan contracts.
This is a large product package for individual customers to borrow capital to buy real estate, repair houses, buy cars and supplement short-term business capital.
Vietcombank applies preferential interest rates, 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 leaders, since the beginning of the year, the real estate and automobile markets have slowed down, partly due to people's reduced demand, and partly due to demand but still waiting for price reduction strategies from urban areas and new products from car manufacturers.
On the other hand, many people are still afraid of the difficulty in accessing loans and sometimes the interest rates are still a bit high.
Understanding this psychology, Vietcombank has launched a preferential interest rate program so that people can simultaneously enjoy a series of benefits when having both a house and a car to use./.
According to Vietnam+
