LPBank supports 4,000 billion loan package with deeply reduced interest rates for businesses

Accompanying businesses on their development journey, LPBank has implemented the program "Long-term commitment - Deep interest rate reduction" with a total loan limit of up to 4,000 billion VND, loan interest rates from only 6.5%/year, helping businesses have the opportunity to access good financial resources, maximizing business profits. Unblocking credit, businesses are optimistic At the recent workshop "Unblocking capital sources to the market", Permanent Deputy Governor of the State Bank Dao Minh Tu said that the activities to support the economy have been implemented very vigorously by the banking industry with many priority and incentive programs. In particular, the State Bank (SBV) and the system of Commercial Banks (CBs) have launched many credit packages, both encouraging and motivating businesses to focus on developing priority areas. For example, the 120,000 billion VND package for loans for social housing, workers' housing, the 30,000 billion VND package for loans for aquaculture, forestry...

The State Bank and the system of commercial banks have launched many credit packages, both encouraging and motivating businesses to focus on developing priority areas.

In addition to solutions to overcome capital difficulties, the State Bank also allows commercial banks to extend the implementation period of the policy in Circular 02/2023/TT-NHNN, restructure the repayment period and maintain the debt group to support customers facing difficulties for another 6 months, until December 31, 2024, instead of ending on June 30, 2024. This policy quickly received support from the business community. With 6 months of continued extension and postponement of the repayment period for bank loans, businesses will have more time to focus on production and business activities, and strengthen internal strength. Therefore, it has helped many businesses return to operation. According to information from the Department of Business Registration ( Ministry of Planning and Investment ), in the first 6 months of 2024, the whole country had 80,482 newly established enterprises, an increase of 6.1% over the same period in 2023, the number of enterprises returning to operation was 39,130, an increase of 3.9% over the same period in 2023. Deeply reduced interest rates, flexible lending policies Optimistic signals about the market, along with opportunities to support capital support policies of the Government and the State Bank have helped businesses be more confident in investing and borrowing capital so as not to miss any opportunity to recover and grow. Especially, in the context of lending interest rates of commercial banks being assessed as the most attractive ever. Regarding capital support for business development and helping businesses easily access capital with preferential interest rates, LPBank is one of the pioneering banks to implement many credit programs with flexible loan policies and attractive interest rates. LPBank also creates many favorable conditions for businesses to quickly disburse, with simple procedures and optimal costs. Currently, LPBank is implementing the program "Long-term commitment - Deep interest rate reduction" with a total program limit of up to 4,000 billion VND, helping businesses access good financial resources and maximize business profits. Accordingly, loan interest rates are flexibly applied to each customer segment, specifically: The segment of medium-sized and above corporate customers (KHDN) is only from 6.5%/year, the segment of small and medium-sized enterprises is only from 6.8%/year. In particular, the loan interest rate is fixed throughout the loan period, with a loan term of up to 12 months.

From now until September 30, 2024, LPBank will implement the program "Long-term commitment - Deep interest rate reduction" with a total program limit of up to 4,000 billion VND, loan interest rate from only 6.5%/year.

The credit packages offered by LPBank are assessed to closely follow actual needs, creating conditions for businesses to easily access loans. This continues to demonstrate LPBank's support for businesses to overcome all difficulties with the most competitive products and services on the market. In addition, LPBank also applies many forms of lending, meeting the diverse scale and business fields of businesses. According to LPBank, the breakthrough programs and policies in loan support activities for businesses aim to respond to the policies of the Government and the State Bank on supporting businesses to access capital and credit growth, towards a stable economic growth. This activity not only enhances LPBank's brand image but also helps maintain customers' trust in the banking system in general and commercial banks in particular. Program “Long-term commitment - Deep interest rate reduction” is implemented by LPBank from now until September 30, 2024. Corporate customers who want to be consulted about the policy can contact LPBank Branches/Transaction Offices nationwide or call the hotline 1800 57 77 58 or access the information at: https://lpbank.com.vn/khuyen-mai/giam-sau-lai-suat-lpbank-thuc-day-doanh-nghiep-phat-trien-ben-vung/

Business information: Lien Viet Post Joint Stock Commercial Bank (LPBank)