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VIB offers preferential rate for business' auto loans

Jun 2nd at 15:53
02-06-2016 15:53:59+07:00

VIB offers preferential rate for business' auto loans

Vietnam International Bank (VIB) is offering a preferential interest rate of 7.15 per cent for business' auto loans in the first six months.

 

Following the bank's new campaign, which runs from now until the end of September, enterprises can take a loan for a maximum term of 60 months and borrow up to 80 per cent of the vehicle's value, the bank said on Wednesday.

Previously in May, VIB announced it would provide enterprises in the textile and garment sector with soft loans and 20 per cent reduction in trade financing costs.

This practical programme implemented by VIB was in response to calls from the prime minister and the State Bank of Viet Nam to reduce interest rates for businesses.

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