HSBC further reduces lending rates

12-Apr-2012 Intellasia | Press Release | 7:01 AM Print This Post

HSBC is pleased to introduce new significantly reduced costs of borrowing for secured lending including residential mortgages, equity loans and car loans for its retail customers and general banking public in Vietnam.

From early April 2012, HSBC took another bold step in reducing its interest rate on secured lending products for the benefit of all Vietnamese customers by a further 1 percent for all secured lending products. This latest interest rate cut from HSBC, one of the biggest and most prominent of the global international Banks and also the largest international Bank in Vietnam where HSBC is locally incorporated follows hot on the heels of the previous reductions of 1 percent each in middle of February and middle March. With this latest cut, HSBC have reduced its lending rates to customers by a full 3 percent in less than 3 months allowing more affordability and easing the stress and costs of borrowing for its customers. In addition to the interest rate reduction, the Bank now offers more flexible financial plans for its customers allowing customers to choose different interest rate review periods ranging from 1 month, 3 months to 6 months.

On top of low lending rates, HSBC is offering a special promotional rate of 0 percent for the first month to all new loans applied during the special Grand Sales period from 3rd April 2012 to 29th June 2012.

Altogether, the best interest rate HSBC customers can now enjoy now when applying for mortgages is only 17 percent per annum, this rate applies to both new and existing customers. The new low rates for customer lending are available from any HSBC outlet across six provinces in Vietnam or by calling the HSBC Call Centre on

(08) 37247247 or visit the Bank’s website at

HSBC is proud to support the efforts of the State Bank of Vietnam to bring down inflation and the costs of borrowing in Vietnam and to assist our customers and the general Vietnamese public to secure new family homes, renovate existing homes or purchase new cars to enable more people to realise their dreams and enhance their lifestyle.


Category: Finance

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