Concessionary loans to individual customers at VIB

Particularly, from March 13 borrowing customers will enjoy 7.99 per cent per year interest rate in the first six months, and 9.99 per cent per year in the next six months of the loans.

The policy is earmarked to home (construction/refurbishment/purchase) loan, business loan, or auto loans worth from VND2 billion ($95,000).

Meanwhile, the fixed interest rate of 9.99 per cent per year will be applicable to loans worth from VND1 billion ($47,600) to less than VND2 billion ($95,000) for the first 12 months.

From the 13th month onwards, lending rates will be subject to market conditions.

Specially, customers will have to pay no asset valuation fee if they do not get the loan and not re-collect preferential rate.

Lending rates are updated daily in all VIB branches and at www.vib.com.vn.

When banking with VIB directly, borrowing customers will also be advised and served by the bank’s professional relationship managers and enjoy fast approval.

In addition, the tool “make a borrowing plan” at vaychinhdang.vib.com.vn will help customers calculate monthly interest amount and loan amount so that they can make the most appropriate borrowing decision.

If borrowing customers are still worried about procedures or arising issues, they can refer to success stories at the section “Tips to get loans” or use the online counselling service on the website.

The Vietnam International Commercial Joint Stock Bank (VIB) was founded in 1996 with its head office based in Hanoi.

Today, VIB is one of the leading commercial joint stock banks in Vietnam with its shareholders’ equity of about VND8.6 trillion ($410 million). The bank’s capital adequacy ratio (CAR) stood high at 19.6 per cent, one of the best in local banking system. 

Currently, the bank has 3,500 people at 151 branches and offices in 27 key provinces and cities across the country serving around 1.3 million individual customers, and more than 25,000 corporate and foreign invested enterprises.