SeABank offers 300 billion VND for women to borrow unsecured loans with preferential interest rates

Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has launched a VND300 billion unsecured loan package for members of the Vietnam Women's Union to help enhance the role of women in modern society, creating conditions for women to develop economically.

Following the Prime Minister's direction requiring banks to quickly reduce interest rates so that businesses, depositors and banks can share simultaneously and synchronously, in order to expand investment, mobilize capital, lend capital and use capital effectively to achieve the GDP target of over 8% in 2025, many banks have taken positive actions to reduce deposit interest rates as well as lending interest rates.

In order to accompany women - the customer group that SeABank has always prioritized in supporting in recent years, SeABank has launched the program "Loan incentives for members of the Vietnam Women's Union" with attractive unsecured loan interest rates from only 1.2%/month equivalent to 14.5%/year, down to 2.38% compared to the current policy. This is a preferential interest rate for unsecured loans that is very competitive in the market as well as compared to other financial institutions. The credit limit of this preferential package is up to 300 billion VND.

Accordingly, female customers are granted a maximum loan limit of 100 million VND depending on their needs, without requiring collateral, with simple and quick loan procedures and some fee incentives.

With the goal of becoming a pioneer bank in supporting women's economic development, understanding the challenges women face in the process of starting a business and doing business, since 2016, SeABank has cooperated with the Vietnam Women's Union to provide SeAWomen loan products - exclusively for all Women members. When using SeAWomen products, female customers receive incentives and maximum support in procedures as well as loan documents to ensure customers receive the fastest disbursement.

The application of an attractive interest rate of 1.2%/month demonstrates SeABank's commitment to accompanying women on their journey of starting a business and developing the economy, and is a positive move by SeABank to share the difficulties of businesses and people, contributing to eliminating black credit, towards sustainable socio-economic development.

Along with this incentive, from now until April 30, 2025, SeABank also offers a credit package of VND 5,000 billion for individual customers with secured loans to serve capital needs such as home loans, consumer loans, loans to repay debts early at other credit institutions... with interest rates from 6.5%/year.

Source: https://nhandan.vn/seabank-danh-300-ty-dong-cho-phu-nu-vay-tin-chap-lai-suat-uu-dai-post866192.html