BAC A BANK prioritizes loans for investment in agriculture

Phu Huong July 28, 2020 10:33

(Baonghean.vn) - Bac A Commercial Joint Stock Bank has just launched an extremely preferential loan package program - "BAC A BANK - Accompanying business" lasting from now until the end of 2020. On this occasion, the bank especially prioritizes individual customers investing in the agricultural sector.

Extremely preferential loan interest rates
Heavily affected by the Covid-19 pandemic, the credit picture in the first half of 2020 was quite gloomy when most individual customers had to tighten their spending. However, with the sharing from the banking industry, the adjusted loan interest rate is the driving force for customers to consider quality loans, focusing on production and business, in which the program "BAC A BANK - Accompanying business" is receiving a lot of attention.
According to the report of the State Bank of Vietnam, while credit growth in the first 6 months of the year was very modest, the credit flow recorded a "bright spot" when it was directed more towards production and business sectors. Not only is it a specific activity of businesses, people are also gradually prioritizing investment to increase assets and regenerate resources rather than shopping and consumption.
Chương trình ưu đãi vốn vay kéo dài đến cuối năm 2020. Ảnh: P.V
The preferential loan program lasts until the end of 2020. Photo: PV

Grasping this trend, Bac A Commercial Joint Stock Bank has launched the credit program "BAC A BANK - Accompanying business" exclusively for individual customers. With a limit of up to 1,000 billion VND, the program applies extremely preferential lending interest rates for loans disbursed during the program implementation period from July 20, 2020 to December 31, 2020.

Accordingly, customers can choose different interest rate options depending on the preferential period, with the lowest interest rate starting from only 8.99%/year, to support the capital shortage to ensure smooth production and business operations.
Prioritize investment in agriculture
By participating in the Program, individual customers can borrow additional capital for regular business activities such as purchasing raw materials and goods, paying salaries, paying repair costs, purchasing equipment, tools and instruments for production and business, and are supported up to 85% of their business capital needs. At the same time, many different loan methods are applied, such as borrowing according to credit limits, borrowing one time...
Các chương trình khuyến mãi hấp dẫn luôn được BAC A BANK ưu tiên triển khai. Ảnh: P.V
Attractive promotional programs are always prioritized by BAC A BANK. Photo: PV

In addition to the above-mentioned Business Capital Supplement product, within the framework of the Credit Program "BAC A BANK - Accompanying Business", the Bank also gives special priority to individual customers investing in the agricultural sector.

Specifically, the Agricultural Production Loan product for growing vegetables, flowers and fruits will help farmers access preferential capital sources to invest, purchase fixed assets or supplement working capital. Loan term up to 10 years, support up to 90% of loan demand with flexible collateral, mortgaged with agricultural land to help customers maintain stable production and business activities.
If you want to implement a plan to expand the scale of cultivation, purchase equipment or supplement the cost of industrial tree care, customers can consider the Loan product for planting and caring for industrial trees with a maximum loan term of 20 years, supporting up to 85% of the customer's loan needs with diverse collateral, which can be the customer's industrial tree garden land.
BAC A BANK vinh dự nhận giải thưởng Ngân hàng tiêu biểu về Tín dụng xanh năm 2019. Ảnh: P.V
BAC A BANK is honored to receive the Outstanding Bank Award for Green Credit in 2019. Photo: PV

With the dedicated advice of a team of experienced staff, customers will be supported by BAC A BANK to complete simple and convenient loan procedures; loan approval time is quick. Thanks to the diversity of lending methods and flexibility in repayment forms, customers can fully take advantage of preferential interest rate credit sources, grasp existing production and business opportunities to realize the dream of getting rich.

For more information, please contact BAC A BANK branches/transaction offices nationwide, visit website www.baca-bank.vn or Customer Service Center 1800 588 828.

Phu Huong