Viet Capital Bank launches a loan package of 6tr dong for businesses

11-Jul-2020 Intellasia | VnExpress | 6:02 AM Print This Post

According to the representative of Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), the 6 trillion dong loan package with preferential interest rates met the demand for financial leverage from businesses to overcome difficulties in the context of Covid-19. These loan packages were designed for each loan purpose to help enterprises to solve capital problems.

In particular, the loan package meeting the needs of additional working capital was considered as an urgent measure to help businesses rebound after the frozen period. The bank supported interest rates from 7.2 percent for corporations, overdraft reduced by 0.5 percent more interest and offered e-banking service packages, free 24/7 money transfer. The special loan packages with similar interest rates and gifts were also applicable to businesses that needed to increase their internal resources, invest in additional machinery, equipment and fixed assets.

For import-export enterprises that seek capital for large shipments, the bank deployed the loan package with interest rates from 7.5%, reducing international money transfer fees by 50%.

Besides, for businesses wishing to borrow public works, the bank applied interest rate packages from 7.5 percent a year, overdraft loans reduced interest rates by 0.5 percent a year, giving credit card and free electronic banking service. With this package, customers also enjoyed a further 50 percent discount on bank guarantee fees and 70 percent on credit commitment fees.

Vietnam was a developing country, small and medium-sized enterprises were considered as the pillar of the economy. These loan packages would contribute to helping businesses grow sustainably in the new normal period, Viet Capital Bank representative said.


Category: Finance, Vietnam

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