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Agribank offers businesses VND 20,000 billion with a preferential interest rate

Towards the anniversary of Independence Day September 2, a short-term loan program for domestic currency with a preferential interest rate for businesses will be performed from August 21 to December 31, 2015 by Agribank.

This bank has provided credit package worth of VND 20,000 billion to server a loan program for the traditional and potential enterprise customers who meet the following requirements: The loans of business need to satisfy lending conditions under the current regulations; Credit level of business is at least 30 billion dongs (if lending under credit limit, outstanding balance must reach 90% credit limit), and there is priority for the traditional customers, who have a credit relationship with Agribank. The maximum annual interest rate is 5.5 %.

The aim of this program is financing short-term working capital for businesses' production and business projects and providing mid-term as well as long-term loans for implementing investment projects. Therefore, the customers receiving preferential interest rate on the occasion of Independence Day are required to not settle the debt before deadline on the existing loans without the consent of Agribank; In addition, customers are required to transfer their income and loan plan through their accounts opened in the branch at least equivalent to outstanding loan balance ratio of such branch; Simultaneously, enhancing the cross-selling other services of Agribank such as deposits, international settlements, foreign currency trading and other services.