Many attractive consumer loan packages are blooming

(GLO)- Currently, commercial banks in the province have simultaneously launched many consumer credit packages with attractive interest rates, while committing to simplifying procedures and creating favorable conditions for customers to borrow capital.

This move not only helps people and businesses easily access official capital sources, but also contributes to stimulating consumption, promoting production and business and creating momentum for economic growth for the whole province.

BIDV Binh Dinh with many diverse loan packages, attractive interest rates

At BIDV Binh Dinh, many customers are accessing and carrying out loan procedures to serve their daily life and consumption. In particular, the group of individual customers receiving salary through BIDV accounts (with collateral) are transacting consumer loan packages with a maximum loan amount of 5 billion VND, a minimum loan term of 36 months, an interest rate of 6%/year for the first 12 months and at least equal to the interest rate for mobilizing personal capital with interest paid after the 12-month term as listed by BIDV from time to time.

BIDV Binh Dinh credit officers proactively approach and introduce consumer loan packages to customers. Photo: T.Sy

The group of individual customers receiving salary through BIDV account but without collateral can access a credit package with a maximum loan limit of 700 million VND, a minimum loan term of 36 months, and a higher interest rate than the interest rate for loans with collateral. The group of customers who are officers and soldiers in the armed forces can access a credit package called "With BIDV, soldiers have a home". With this loan package, customers can borrow up to 5 billion VND, a loan term of up to 35 years, a fixed interest rate of 5.5%/year in the first 12 months and receive many gifts from the bank.

In addition to the above credit packages, BIDV Binh Dinh also deploys 3 other consumer credit packages for customers who do not receive salaries through BIDV Binh Dinh, young customers (from 18 to a maximum of 35 years old) with collateral and small traders.

For customers who do not receive salary through BIDV Binh Dinh and borrow capital with a term of 36 months, the bank applies an interest rate of 5.5% for the first 6 months from the time of disbursement. For customers who are young people who need to borrow capital to buy a house or repair a house, they can borrow up to 5 billion VND, with a fixed interest rate of 5.5%/year for the first 5 years and a maximum interest-free period of 5 years. Customers who are small traders can borrow capital through overdraft with a loan limit of 3 billion VND, a maximum loan term of 12 months, and an interest rate of 5%/year.

“We are committed to simplifying procedures and creating the most favorable conditions for customers to access and borrow capital from the above credit packages,” affirmed Mr. Van Minh Hoang, Deputy Director of BIDV Binh Dinh.

Consumer credit boom

Other banks such as Agribank Binh Dinh, Vietcombank Binh Dinh, Vietinbank Binh Dinh also launched many consumer loan packages with attractive interest rates.

Banks' promotion of consumer credit contributes to stimulating consumption, promoting production and business and creating momentum for economic growth. Photo: T.Sy

At Agribank Binh Dinh, the highlight is the medium and long-term loan program for individual customers buying houses; receiving land use rights transfer; building, repairing, renovating, and completing houses.

This credit package has a scale of 10,000 billion VND, with an interest rate of 5.5% fixed for the first 6 months, applied to a minimum loan term of 18 months; an interest rate of 6.2%/fixed for 12 months, applied to a minimum loan term of 36 months; an interest rate of 6.3%/year fixed for 18 months, applied to a minimum loan term of 60 months.

Not outside the above trend, many private banks also popularize to customers credit packages serving life and consumption such as: Loans for buying houses, building new houses and repairing houses; preferential loans for production and business, supplementing working capital for installment payments for business capital..., creating fierce competition.

Mr. Pham Van Khoa - Deputy Director of Sacombank Binh Dinh - said: We are currently implementing a credit package of 40,000 billion VND for individual and corporate customers. Interest rates for short-term personal consumer loans range from 4.8 - 6.5%/year; medium and long-term loans apply fixed interest rates for 6 months, 9 months or 12 months, respectively from 6.5%/year; 7%/year; 7.5%/year.

For real estate loans, the loan term is up to 40 years, customers can borrow 85% of the total value of the real estate collateral, with a maximum grace period of 5 years for principal and interest payments. We apply a flexible repayment mechanism to help customers proactively plan their cash flow with an early settlement fee of only 1% in the first 2 years and waived from the 3rd year.

Meanwhile, Bac A Bank Binh Dinh introduced to customers a credit package of 10,000 billion VND to serve customers who need loans to buy cars, buy real estate, build and repair houses, and borrow additional capital for production and business with collateral. Mr. Le Thanh Phuong - Director of Bac A Bank Binh Dinh - said: The bank applies interest rates from 7.1%/year for short-term loans and from 5%/year for medium and long-term loans. We have many flexible lending options, suitable for the actual needs and financial background of each customer group.

Consumer credit plays an important role in the socio-economic development of the province. Therefore, the simultaneous promotion of consumer loans by banks not only meets the financial needs of people and businesses but also helps limit access to capital from informal channels such as "black credit", contributing to minimizing negative consequences and ensuring social security. At the same time, clearing the flow of credit capital also stimulates consumption, creates motivation for production and business, and promotes economic growth in the province.

Source: https://baogialai.com.vn/no-ro-nhieu-goi-vay-tieu-dung-hap-dan-post567694.html