Maximum interest rate reduction of 0.5%/year, depending on each customer and each specific loan.
Accordingly, during the interest rate reduction period, all outstanding loans of customers at Vietcombank Hai Duong will have their interest rates automatically adjusted by the system, including cases where the interest rate adjustment period does not coincide with the signed credit contract. This interest rate reduction policy does not apply to loans for investment, trading in stocks, securities, real estate; mortgage of valuable papers; credit cards; overdrafts; loans with the participation of other credit institutions.
Also during this time, Vietcombank Hai Duong will implement new loan packages with interest rates up to 1.5% lower per year than the current interest rate level.
This is the first time Vietcombank Hai Duong has reduced lending interest rates since the beginning of the year. In 2023, this bank has reduced interest rates 3 times, with a reduction of up to 2%/year to stimulate credit demand.
HA KIENSource
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