The stock market has been continuously increasing since the beginning of the year with liquidity maintained at billions of dollars per session. This shows that many investors have also increased their use of stock mortgage loans, also known as margin loans, for trading. Currently, savings interest rates have also decreased sharply and many securities companies have also launched margin loan packages with lower interest rates than before to attract investors.
Many securities companies launch margin loan packages with preferential interest rates of just under 8%/year.
For example, SSI Securities Company has just announced the "M7 - Interest rate from only 7.99%" incentive program applied from March 4 to June 30. Customers can apply for margin lending interest rate with interest rate of 7.99%/year for average outstanding balance and not greater than the total value of purchase orders of securities codes according to the prescribed list that have been matched in the month and not exceeding 3 billion VND. SSI's portfolio that applies this program includes 45 listed stocks of large and medium-capitalized enterprises in the banking, securities, steel, real estate, oil and gas, technology, fertilizer industries...
Bao Viet Securities Company applies a preferential margin lending interest rate from 9.5%/year to 10%/year, applicable until March 25. The condition is that the average daily outstanding balance on the investor's account must reach 1 billion VND to less than 30 billion VND (10%/year). In order to apply the 9.5% interest rate, customers must have an outstanding balance of 48 billion VND or more.
Meanwhile, ACBS Securities Company applies a 7-day interest-free margin program. After this period, customers will have to pay 15% interest per year. For the T14 margin program, in the first 14 days, customers only pay 8% interest per year and from the 15th day onwards, the interest rate is 15% per year...
Or VPS Securities Company has a margin interest rate of 14%/year for regular customers. For customers opening new accounts from February 20 to May 31, VPS applies an interest rate of 7.5%/year for the first month, 8%/year for the second month, and 14%/year from the 61st onwards. The conditions for opening new accounts are applied by many companies with preferential margin interest rates such as Mirae Asset Vietnam launching a margin loan package with preferential interest rates when customers open new accounts from now until March 31) with an interest rate of 7.99%/year with a maximum outstanding balance limit of 500 million VND/account...
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