Sacombank offers an additional 3,000 billion VND in preferential interest rates for personal loans

The program is valid from now until June 30, 2015.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) said it will launch a credit package worth VND3,000 billion with preferential interest rates for individual customers from now until June 30, 2015.

This credit package is to meet the needs of buying, building, repairing real estate, buying cars or consumer needs of individual customers nationwide. Of which, 2,000 billion VND is for loans for the purpose of buying, building, repairing real estate. Customers can borrow up to 100% of their needs with a loan term of up to 20 years; interest rates from 6.88%/year and customers can choose a fixed interest rate period for the first six months, one year or two years. The collateral is real estate.

In addition, 600 billion VND is for customers who need to borrow to buy cars for consumption, invest in means of transport for production and business with interest rates from 7.99%/year, loan terms from two to five years. Customers can choose to fix the interest rate for the first six months or one year. The collateral is a new car, real estate or savings card. And the remaining 400 billion VND is for consumer loans with interest rates from 6.99%/year, loan terms from one to 10 years. The collateral is real estate.

When borrowing these preferential packages from Sacombank, customers can prepay the principal up to 20 million VND per period without having to pay any fees and can use the services for free: electronic banking, cards and bill payment authorization at Sacombank.

Previously, Sacombank launched a VND2,000 billion preferential loan package for individual customers to serve production and business and a VND1,500 billion preferential loan package for individual and corporate customers to serve production and business needs during the 2015 Tet holiday. Thus, since the beginning of the year, Sacombank has allocated VND6,500 billion in preferential loans for customers./.

According to VOV