(NLDO) - Enterprises that are eligible to borrow capital to repay debts early at other banks will enjoy short-term loan interest rates from 2.4%/year, equal to savings interest rates.
On February 15, Agribank announced that from now until December 31, 2025, businesses borrowing capital from this bank will repay their debts to other credit institutions before maturity when meeting the conditions to enjoy attractive interest rate policies.
Accordingly, the interest rate for short-term loans is from 2.4%/year. The interest rate for medium and long-term loans is from 6%/year, the preferential interest rate period is fixed up to 24 months.
The maximum loan amount is equal to the principal balance at another bank. The remaining medium and long-term loans that have not been fully disbursed will continue to be disbursed according to the level provided to the customer by another credit institution. When borrowing short-term capital, customers also enjoy preferential policies on collateral for loans according to each period of Agribank.
In addition, businesses borrowing capital also enjoy incentives on interest rates on non-term deposits in VND, incentives on foreign currency exchange rates and up to 100% exemption from international payment fees. Businesses opening new payment accounts also enjoy many other incentives.
Banks are implementing many credit programs to promote capital to the market from the beginning of the year.
According to a reporter from Nguoi Lao Dong Newspaper , this may be the "unbelievably low" interest rate for early repayment loans from other banks. This short-term loan interest rate is equivalent to the interest rate for 3-11 month term deposits at Agribank (from 2.5% to 3.5%/year).
Currently, many banks also offer early repayment loans from other banks, with an average interest rate of about 5%-8%/year, depending on the loan term and conditions met by each customer.
At this time, many commercial banks have begun to push preferential credit packages to boost credit growth from the beginning of 2025. This year, the State Bank has set a target of credit growth for the entire system for the economy of up to 16%, higher than previous years, in the context of GDP growth set by the Government at about 8%.
ACB is the first bank to announce the implementation of the "First Home" loan package for young people under 35 years old with long loan terms and preferential interest rates from 5.5%/year. The interest rate is up to 3% lower than the normal home loan interest rate.
ACB is the first bank to announce a home loan credit package for young people under 35 years old.
Customers can borrow up to 30 years, with flexible principal repayment methods, only need to pay from 2% of the principal/year. Borrowers also have a grace period for principal repayment for up to 12 months from the date the loan is disbursed, free collateral valuation and preferential early repayment fees when making monthly payments.
Previously, at the Government Standing Committee meeting working with commercial banks, the Prime Minister requested the State Bank and commercial banks to research and continue to have preferential credit packages for both supply and demand to develop housing for young people aged 35 and under.
Source: https://nld.com.vn/xuat-hien-ngan-hang-cho-vay-tra-no-truoc-han-lai-suat-thap-khong-tuong-196250215160743536.htm
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