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OceanBank offers low rate loans to builders

Update: April, 14/2014 - 08:50

OceanBank will lend VND1 trillion to construction enterprises at 8.5 per cent annual interest rate or 2 to 3 per cent lower than the normal interest rate. —Photo oceanbank

HA NOI (VNS) — OceanBank will lend VND1 trillion to construction enterprises at 8.5 per cent annual interest rate or 2 to 3 per cent lower than the normal interest rate.

The bank also plans to offer several incentives through a safety-net program.

The program aims to assist construction enterprises in solving difficulties and promoting business development by providing capital for them to pay the cost of contract performance in accordance with project estimation, such as payment for raw material, goods, payment of salaries, transport cost, and rent cost. — VNS

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