The next bank to announce a rate cut on new loans, a reduction of up to 2%

Since Tet, from state-owned banks to private sector banks, all have announced interest rate reduction programs or preferential credit packages with lower interest rates of about 1-3%/year. . This positive move is considered to help businesses and individuals reduce their "cost of capital" and have easier access to capital.

Tien Phong Commercial Joint Stock Bank (TPBank) also soon reduced lending rates from 1.5% to 2%, and at the same time launched new loan solutions with preferential interest rates for both corporate and commercial customers. individual.

Diverse loan solutions for practical companion

At the beginning of the year, TPBank adjusted a number of lending programs and introduced new preferential loan packages to maximize customer needs. The most notable is the program of preferential interest rates for short-term loans with a limit of up to 5,000 billion VND. With this loan package, all businesses that incur new disbursements from January 10 to April 30 at TPBank will enjoy an interest rate of only 9.8%/year.

For corporate customers in the field of import and export, they will enjoy preferential treatment at TPBank with a minimum lending/discount interest rate of only 7.5%/year when borrowing in VND and 4.5% when borrowing in USD. fixed for the duration of the loan. This program is also specially applied not only to new customers but also to all existing customers, customers who have never incurred short-term loans at TPBank..., the total limit is up to 6,000 billion VND from now until the 31st of July.

In case of collateral, corporate customers can fully participate in the preferential interest rate program of VND2,000 billion at TPBank to enjoy a reduced interest rate margin of 1.75%, down to only 0.75%. With collateral as deposit, customers can enjoy preferential interest rates from only 8.2%/year.

Not only supporting capital for businesses, TPBank is also applying a short-term business loan package for individual customers and business household owners, applied to loans disbursed from the date of approval to the 30th. 06/2023. Accordingly, borrowers will enjoy a minimum interest rate of only 8%/year, fixed for 3 months, or 9.5%/year, fixed for 6 months, flexible with incentives for free of early repayment. .

For individual customers borrowing capital under the Sustainable Agriculture Transformation Project in Vietnam (VNSAT), TPBank supports the extension of the interest rate incentive program with the equivalent lending interest rate from only 6.9%/year. Notably, TPBank also gives special priority to customers working in the Health and Education industries, preferential interest rates from only 6.9%/year, when borrowing without assets. bank guarantee.

Mr. Nguyen Hung, General Director of TPBank shared: “In response to the calls of the Government and the State Bank of Vietnam, TPBank has been very proactive in offering preferential packages with more attractive interest rates. Customers have the opportunity to cooperate and accompany customers in a practical and quick way through the bank's quick digital disbursement and approval processes."

New customers buying houses, buying cars also get a discount

According to Mr. Hung, for individual customers, especially customers who borrow to buy houses and buy new cars, TPBank also has interest rate reduction programs with interest rates reduced from 1.5% to 2%, even For some customer segments, the reduction is even greater.

Specifically, TPBank is currently running a preferential interest rate program for individual customers and corporate customers to borrow to buy cars with interest rates from only 9.0%/year fixed for 6 months. Especially when participating in this program, from the 3rd year onwards, customers are free of charge for early repayment.

Not only supporting people to buy cars, at TPBank, customers can also find smart financial solutions when buying a house. With loans to buy consumer real estate, Mr. Nguyen Hung shared: “For customers who borrow to buy new houses, TPBank will have a number of programs to gradually reduce interest rates. We always calculate so that the loan is within the scope of the borrower's ability to pay, a harmonious balance between the interests of the lender and the borrower."

Currently, with a number of large investors, TPBank has also launched policies to support interest rate reductions for old customers and especially support interest rates for new borrowers with an interest rate of only 8%/day. year.