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interest rate increase
News update related to interest rate increase
Nghe An: More than 35,000 customers affected by the epidemic have their interest rates exempted or reduced
(Baonghean.vn) - Implementing solutions to remove difficulties, promote production and business, and respond to the Covid-19 epidemic, Nghe An has 35,819 customers exempted or reduced interest, reduced interest rates with a total debt value exempted or reduced of 46,901.5 billion VND.
Economy
Interest rates rise, home buyers face difficulties
In recent days, the announcement by commercial banks of increased interest rates for real estate loans has caused homebuyers to worry about the interest rate being higher than originally planned.
Many home buyers default if interest rates rise 2%
More than one-fifth of the 10,000 people surveyed said that if interest rates increased by just 2% they would have difficulty or be unable to pay.
Businesses worry about rising interest rates
Many joint stock banks continued to increase deposit interest rates by 0.2-0.3% last week, causing businesses to worry about loan interest rates increasing as well.
Borrowers of the 30,000 billion package no longer have to worry about interest rates doubling.
If the loan is disbursed before 2017, home buyers under the VND30,000 billion package will still enjoy preferential interest rates instead of having to pay commercial interest rates that could be twice as high.
Worry about interest rates increasing with inflation
The move to increase deposit interest rates again since mid-June 2016 by a series of commercial banks is causing the risk that lending interest rates will continue to increase with inflation, and is also causing concern in the business community.
Interest rates continue to increase
The wave of increasing deposit interest rates has spread widely in recent days when many state-owned banks added interest rates of 0.2-0.4% for many terms to attract depositors.
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