VIB spares 1tr dong of soft loans for real estate sector

31-May-2012 Intellasia | NLD | 1:47 PM

Vietnam International Commercial Joint Stock Bank (VIB) has said that it is launching a preferential lending package for real estate sector at the interest rate of only 14.2 percent per year in the first three months.

Accordingly, VIB has set aside of one trillion dong for this credit package with the maximum lending limit of up to 90 percent of the value of collateral and the maximum loan term at 180 months.

This preferential lending package is designed for borrowers to purchase, build or repair houses.

VIB’s preferential lending package will last till the end of July 31, 2012.