ACB sets aside VND5 trillion for property loans

August 22, 2012 | 11:11

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Asia Commercial Bank, or ACB, has set aside VND5 trillion worth of preferential loans for customers having demands to buy real estates.

The loans aim to support local customers or Vietnamese overseas to buy houses, condos, warehouses, factories, farming or forestry land. ACB will provide loans of up to 99 pct of the value of the real estates while borrowers are subject to lending rate of 14.5 pct per annum in a maximum term of 20 years.

The bank from early this month has also expanded a consumer loan program for customers having assets as collateral. Accordingly, borrowers will be informed about the bank’s credit approval within 24 working hours and are able to access loans of up to VND500 million. Customers can prove their incomes from salary, production, business, house and car leasing.

ACB also gives consultancy to help customers borrow suitable sums of money and debt payment methods.

SaigonTimes

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