TPBank offers 1,000 billion VND in incentives for supporting businesses
From now until December 31, 2014, Tien Phong Commercial Joint Stock Bank (TPBank) will deploy a credit package of 1,000 billion VND with preferential interest rates for specific supporting enterprises.
This credit package is one of the programs serving the supporting industry sector, especially small and medium enterprises. This is a key sector that TPBank pays special attention to and promotes development.
Accordingly, manufacturing enterprises with contracts to supply products to large enterprises can borrow up to 90% of their receivables in USD or VND at TPBank. TPBank applies preferential interest rates from only 8%/year for VND or 3.2%/year for USD for short-term loans (fixed interest rate for 6 months), medium and long-term loans (fixed interest rate for up to 12 months).
In particular, businesses can borrow with extremely flexible conditions such as customers being given priority in using collateral as receivables from large businesses.
After the preferential period, TPBank continues to apply the most reasonable credit interest rate for loans, based on the base interest rate with low interest margin.
In addition to preferential interest rates, businesses enjoy a variety of fee incentives: up to 40% reduction on all types of fees, free domestic and intra-TPBank system money transfers via eBank service; free maintenance fee and annual fee for eBank service. In addition, businesses are also exempted from issuance fee and annual fee for 05 TPBank Visa Debit cards./.
According to Vietnam+
