Update Agribank loan interest rates today 8/21

Loan interest rate What is the average of Agribank?

Implementing the direction of the Government and the State Bank, Agribank's short-term lending interest rate for a number of priority industries and sectors is 4.0%/year.

Agribank's short-term loan interest rate is usually at least 5%/year; medium and long-term loan interest rate is usually at least 5.5%/year.

If people borrow money for consumption through credit cards, the interest rate is 13%/year.

Announced in August 2024, Agribank's average lending interest rate is currently at 7.03%/year.

Agribank said that the average cost of capital excluding the required cost of capital for credit risk and credit risk provisioning costs is 5.54%/year.

Of which, the average mobilization interest rate is 3.74%/year, other costs (including required reserves, liquidity reserves, deposit insurance, operating costs) are 1.8%/year.

With the above average lending and deposit interest rates, the current interest rate difference between lending and deposit at Agribank is 1.49%/year.

However, it is necessary to know the specific lending interest rates according to the term, target and customer policy of Agribank. The average cost of capital does not include the required cost of capital for credit risk and the cost of credit risk provision.

Details of Agribank's latest loan interest rate table

Interest rate Consumer loans (to buy houses, land, cars, motorbikes,...) at Agribank

Preferential interest rate: loan interest rate is up to 2.5%/year lower than the floor interest rate for loans serving living needs (such as loans to buy houses, land, cars, motorbikes, televisions, refrigerators, etc.):

Interest rates from only 4.0%/year for loans with terms of 3 months or less
Interest rate from only 4.5%/year for loans over 3 months to 6 months
Interest rates from only 5.0%/year for loans over 6 months to 12 months.

For example: The loan amount is 1 billion VND, interest rate is 5.0%/year with a term of 12 months. The interest and principal amount that the customer must pay each month is as follows:

In addition, Agribank's home loan interest rates are as follows:

Fixed for the first 6 months: 6%/year
Fixed for the first 12 months: 6.5%/year (applicable to loans with a minimum term of 3 years)
Fixed for the first 24 months at 7%/year (applicable to loans with a minimum term of 5 years).

Interest rates for production and business loans at Agribank

As of August 20, Agribank provides medium and long-term loans to individual customers for investment in production and business with the following interest rates:

Loan interest rate from 6%/year for loans of 12 months or more.

Loan method each time.

Applicable to disbursements arising from August 1, 2024 through October 31, 2024 or until the Program's scale is reached.

For short-term loan customers, Agribank offers loans with interest rates up to 2% lower per year than the floor interest rate for production and business loans corresponding to each term according to Agribank's regulations from time to time: