MB deploys 2,000 billion VND loan package to support people affected by storms and floods

Military Commercial Joint Stock Bank (MB) supports a preferential loan package of up to 2,000 billion VND with a loan interest rate reduction of up to 1% for individual customers and business households with a variety of purposes to rebuild their lives after storms and floods.

Specifically, MB reduces lending interest rates by up to 1% per year compared to current rates for personal customer loans with a variety of lending purposes: home construction and repair, interior design, repair of production and business facilities, working capital loans for production and business, consumer loans for daily life.

Faced with the severe damage caused by storm Yagi and the widespread flooding and flash floods that caused great damage to people and businesses in the Eastern and Northwestern provinces, MB also urgently established working groups to go to the field, visit and encourage customers, estimate the affected debt balance, debt repayment ability... to have timely support solutions for customers in some areas heavily damaged by storms and floods in the Eastern and Northwestern regions such as: Quang Ninh, Hai Phong, Nam Dinh , Hai Duong, Hanoi, Dien Bien... to support customers in repairing houses, restoring and stabilizing business operations.

In addition, MB also launched a special preferential loan package of up to 2,000 billion VND with a loan interest rate reduced by up to 1% per year for customers who need to borrow capital from now until December 31, 2024 to create conditions for people to access good capital sources to rebuild their lives after storms and floods for many purposes such as: repairing houses, buying furniture, repairing business establishments and providing additional capital to stabilize production, consumer loans to stabilize life. At the same time, the bank also supports a variety of credit forms such as loans, overdrafts, guarantees, credit cards... to help people flexibly use capital according to their needs.

In addition, MB also said that it will not only reduce and offer preferential interest rates but will continue to develop support policies on principal and interest grace periods for loans. At the same time, MB Insurance Company is also urgently carrying out support and compensation procedures for customers, ensuring timeliness.

MB representative said that this preferential loan interest program demonstrates the bank's timely support for individual customers and business households during difficult times. " We are committed to continuing to accompany and support customers in all stages, contributing to promoting the recovery and sustainable development of the community, " the representative said.

In addition, with the spirit of mutual love, recently, MB donated 2 billion VND to support people affected by storm No. 3 (Yagi) through the Vietnam Fatherland Front Committee, 1 billion VND to the Fatherland Front of Cao Bang province, 500 million VND to the People's Committee of Dien Bien province... Also within the framework of the campaign "MB contributes a day's work", MB's grassroots Trade Union launched and called on all employees of the entire bank to continue to participate in fundraising through the Charity platform (thiennguyen.app) with the desire to contribute and accompany the people.

With the above donations, banks in particular and the entire banking industry in general wish to join hands with the Party and the State to have more resources to increase support for people affected by storm No. 3, affirming its role as an industry that is always at the forefront of social and charitable work. In the coming time, the unit will carry out many internal activities to join hands to support people in flood-affected areas, demonstrating its commitment to responsibility to the community, contributing to spreading human values, and overcoming difficulties together. Learn more here or contact hotline 1900 545426.

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