BAC A BANK offers new loans with preferential rates
BAC A BANK offers new loans with preferential rates
To support quality of life and business activities in the first six months of this year, and to contribute to giving customers a brilliant start to 2024, Bac A Commercial Joint-Stock Bank (BAC A BANK) has launched personal credit programme incentives named “Convenient loans and financial stability.” This scheme has flexible terms for loan durations and is suitable for diverse capital use purposes.
At a press conference on implementing tasks in the banking sector on January 3, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said that the central bank reduced the regulatory interest rates four consecutive times in 2023, with a decrease of 0.5-2 per cent annually.
To date, new deposit and lending interest rates at commercial banks have reduced by more than 2 per cent a year as compared to the end of 2022. Tu assessed that the lending interest rate is now standing at the lowest level for the past 20 years.
In addition, at the beginning of the year, individual customers often have many spending plans, need to make large purchases, or plan to start a business. The ability to access loans with preferential rates is definitely a good start for those looking to achieve their personal financial goals.
The new loan package from BAC A BANK offers various options for customers
Recently, Nguyen Tien Tung, a newly married 30-year-old in Hanoi’s North Tu Liem district, wanted to buy a house, but he did not have much money.
“In a big city like Hanoi, it is not so difficult to buy an apartment. However, buying a house that is suitable for a young couple’s income, specifically at less than VND2 billion ($84,400), and that meets all their requirements is very challenging,” Tung said.
“Hopefully, the state will issue supportive policies, and commercial banks will provide more preferential loan packages so that those like us can have the opportunity to buy houses at low lending rates,” he continued.
Grasping the needs of the market and closely following the direction of the government and the SBV, from now until June 30, BAC A BANK is implementing its personal credit incentives throughout its entire system.
The VND7 trillion ($295 million) scheme offers diverse and flexible terms that are suitable for the borrowing criteria and desires of many customers.
Specifically, those who need to supplement short-term capital to meet their spending and business needs can choose preferential lending rates from only 6.6 per cent per year.
Meanwhile, customers who need medium and long-term loans for different purposes, such as construction, the purchase of houses and cars, and investment in production and business activities, can choose rate options from only 7.5 per cent per year.
Moreover, loans for planting and caring for agricultural and industrial crops are also among the items supported by BAC A BANK's offering.
These are considered extremely competitive lending rates in the market now. Designed with many loan options with different periods, the preferential lending rates help customers easily balance their cash flows depending on their financial capacity and ability to repay debt.
By taking advantage of BAC A BANK’s new credit package, customers can meet up to 80-90 per cent of their needs based on diverse collateral options and simple procedures.
