VPBank pioneers in implementing flexible disbursement feature for unsecured loans

ANTD.VN - VPBank is the first bank in the market to provide flexible interest rates and flexible disbursement for individual customers borrowing capital without collateral with many attractive incentives.

In order to promote production and business and support consumer demand at the end of the year, VPBank has officially launched flexible interest rates and flexible disbursement for individual customers borrowing unsecured loans (unsecured loans) on the VPBank NEO Digital Banking application.

Flexible interest rate is a mechanism to adjust loan interest rates based on the customer's loan payment history, applied to unsecured loans according to VPBank's supported products in each period and not in the grace period for principal and/or interest payments.

Specifically, for loans that are not overdue during the review period, the loan interest rate will be reduced by 0.5% for each adjustment and up to a maximum reduction of 3% compared to the interest rate at the time of disbursement.

The approval period for loans with a term of less than 12 months is 30 days and for loans with a term of more than 12 months is 90 days from the date of interest rate adjustment. Applying flexible interest rates will help reduce loan interest rates, encourage customers to pay their loans on time, and ensure their own credit history.

Flexible disbursement is a feature that allows customers to disburse loans in multiple installments at an available rate but still ensures that the total amount disbursed to customers is equal to the approved amount within 90 days, applicable to loans from 50 million VND or more and a minimum loan term of 12 months.

Flexible disbursement not only helps customers control their cash flow to suit their capital needs, but also saves on interest because interest is only calculated on the actual amount the customer receives in debt. In addition, customers do not need to re-submit documents for subsequent disbursements of this loan.

“The end of the year is a peak time for business and consumption activities. Applying a flexible mechanism on interest rates and disbursement methods aims to help customers save on loan interest, meeting the psychology of customers who want to receive practical benefits when paying loans on time. As the first bank in the market to deploy this special feature, VPBank wishes to support and create maximum conditions for customers to access business loans, promoting consumption”, VPBank representative shared.

With the goal of becoming a multi-functional bank, leading in implementation and innovation capacity, and creating new values through comprehensive financial solutions, VPBank always strives to develop and upgrade products and services to meet the needs of each customer segment.

Since the beginning of the year, VPBank has actively implemented a series of practical programs, products and services for individual customers such as: discount incentives, cashback when spending on credit cards; free online transaction insurance; incentives for home and car loans with competitive interest rates; implementing Apple Pay payment method for both Mastercard and Visa international credit/debit cards, ShopQR sales management solution for customers who are store owners, business households, etc.

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