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VietNamNews

VPBank offers preferential loans

Update: May, 30/2015 - 09:43
The Viet Nam Prosperity Bank (VPBank) is offering a yearly preferential interest rate of 6.99 per cent for mortgages and unsecured loans, in a bid to share customers' financial difficulties. — File Photo
HA NOI (VNS)  — The Viet Nam Prosperity Bank (VPBank) is offering a yearly preferential interest rate of 6.99 per cent for mortgages and unsecured loans, in a bid to share customers' financial difficulties.

Accordingly, borrowers who seek to purchase a house, automobile or capital for a business, would enjoy a fixed interest rate of 6.99 per cent for up to 25 years. This applies for loans not greater than VND10 billion (US$458,000). Plans call for mortgage loans to be approved in two working days. The total funding allocated for the programme are VND5 trillion ($229 million).

In addition, VPBank has also provided VND1 trillion ($45.8 million) for unsecured loans for those citizens with incomes of more than VND4.5 million ($206) a month who have no mortgage assets. Borrowers could receive up to VND500 million ($22,900) over five years.

VPBank has striven to renew their products and services to bring outstanding benefits to customers. — VNS


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