The deployment of two preferential loan packages up to 3.5 trillion dong was expected to meet customers’ shopping, consumption and business need in the end of the year period.
From November 21, 2019, Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) officially launched two loan packages of up to 3.5 trillion dong for individual and small and medium enterprise customers with preferential interest rates from 8.5 percent per year.
Accordingly, for individual customers, Viet Capital Bank set aside a loan package of 2 trillion dong to meet end of the year consumption needs, especially on the approaching holidays. Families would need to renovate houses or business households or to buy goods to sell on Tet holiday. This would be a great opportunity to realise their wishes.
The highlight of this 2 trillion dong loan package was that besides the current competitive interest rate (from 9.39 percent per year), individual customers had many choices for the first fixed period of up to 24 months. After this early period, the interest rate was more favourable than usual.
For corporate customers, especially small and medium-sized enterprises, Viet Capital Bank offered a special loan package of 1.5 trillion dong with an interest rate of only 8.5 percent per year (decreased from 0.5 percent per year to one percent per year compared to average interest rates), creating favourable conditions for businesses to access preferential loans, contributing to increasing production and business efficiency, easing pressure on seeking cost capital of small and medium enterprises. This was also a programme in the plan of deploying special loan packages to support equity for priority customers.
Simultaneously deploying two special packages of up to 3.5 trillion dong for both individual and small and medium business customers, Viet Capital Bank expected to meet the shopping, consuming and trading demand of customers quickly during the busy end of the year period.
This also showed that the bank’s activities were always in line with the general orientation of the State Bank of Vietnam, and at the same time, focusing on promoting credit programmes to support the maximum of individual and corporate customers.
