With preferential loan interest rates, LPBank helps businesses accelerate at the end of the year

To support businesses in rebuilding production and accelerating business in the last months of the year, Loc Phat Vietnam Bank (LPBank) has launched the program "Supporting loan capital - Hand-in-hand interest rate", with a total limit of up to 3,000 billion VND, loan interest rate from only 5.0%/year. Prioritizing timely business support solutions Entering the fourth quarter, businesses are focusing on increasing production and business to achieve the growth target set at the beginning of the year. However, after the impact of natural disasters, production and business activities at many businesses are still facing many difficulties. Ms. Kim Ngan, the owner of a construction materials business in Hai Phong, is still worried when nearly a month has passed since storm No. 3 made landfall, her company's office, warehouse, machinery and goods were all damaged, with estimated damage of nearly 500 million VND. The burden on businesses is even heavier as the last months of the year are approaching, while repair costs and working capital are tight, making production recovery extremely difficult. According to experts, the level of business recovery depends on many factors, including the community's cooperation and the effectiveness of support policies from the Government and the State Bank. In particular, Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 103/CD-TTg dated October 7, 2024 on supporting businesses to overcome difficulties and promote production and business activities at the end of 2024 and the following years. In particular, the Prime Minister also assigned the State Bank of Vietnam to direct credit institutions to continue to reduce costs, increase the application of information technology to reduce lending interest rates, promote credit growth, focus on production and business sectors, especially priority sectors and sectors that are growth drivers for the economy. LPBank and businesses accelerate at the end of the year From now until December 31, 2024, LPBank will implement the program "Supporting loan capital - Hand-delivered interest rates" with a total limit of up to 3,000 billion VND, preferential loan interest rates from only 5.0%/year. Always closely following the policy of the Government and the State Bank in supporting and accompanying businesses to overcome difficulties and restore production and business, Loc Phat Bank Vietnam ( LPBank ) continues to implement the program " Supporting loan capital - Hand-delivered interest rates" , lasting from now until December 31, 2024. This is one of the attractive credit packages, with a total limit of up to 3,000 billion VND, ensuring to provide sufficient financial resources for businesses in the fields of production, business and investment. One of the highlights of the program is the preferential loan interest rate. Accordingly, for businesses borrowing capital in VND, the preferential loan interest rate is only from 6.0%/year, for businesses with a need to borrow USD, the preferential loan interest rate is only from 5.0%/year. The preferential period of the program lasts up to 6 months. In addition, to help businesses access loan sources promptly and effectively, especially small and medium enterprises, which often have difficulty in preparing loan applications, LPBank has simplified the processes and procedures to help businesses access capital more quickly and easily. Detailed information about the program here . Over the years, LPBank has always clearly demonstrated its role as a reliable and reputable partner to create the most favorable conditions for businesses in accessing preferential loans to expand production and business . In 2024 alone, LPBank will also continuously implement preferential fixed-interest loan programs for corporate customers borrowing short-term production and business capital, import-export customers with a scale of 9,000 billion VND... with preferential loan interest rates from only 6.5%/year. As a result, nearly 900 LPBank customers have benefited from these programs. It can be said that LPBank's preferential programs have provided practical support to corporate customers, have been spreading strongly nationwide, contributing to the restoration of production and business and promoting local economic development.

With the advantage of being one of the banks with a large network in 63 provinces and cities nationwide, LPBank has been striving to bring many financial solutions to the business community. At the same time, with the diversity of products and services while continuously improving the process to minimize loan documents and procedures, LPBank is ready to receive and resolve all questions, helping businesses confidently develop. To access capital effectively, safely and flexibly anywhere, businesses can contact LPBank's Branches/Transaction Offices nationwide for support. Or contact the hotline: *8668 and 24/7 Customer Service Center: 1800 57 77 58/ 02462 668 668.

K.Oanh