VietinBank continues to slash lending rates

September 27, 2012 | 08:31

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Vietnam Bank for Industry and Trade, or VietinBank, has continued to launch preferential loan programs for both corporate and individual customers, offering lending rates from 8.95 pct and 4 pct per annum for dong and U.S. dollar loans respectively.

For enterprises, VietinBank applies the lowest rate of 8.95 pct per annum to a VND10 trillion credit package while small and medium-sized enterprises (SMEs) enjoy a rate of 9.5 pct in another VND5-trillion credit program. Meanwhile, wholesale firms importing fuel products are subject to rates of 9 pct and 4 pct on dong and U.S. dollar loans respectively.

The lender has also offered individual customers a credit line of VND5 trillion with an annual lending rate of 10.99 pct to help them expand business. Clients buying homes at projects supported by VietinBank can access a VND5 trillion lending package with a rate of 12 pct per annum.

The bank also quotes a rate of 9 pct in a VND6-trillion lending package for new individual clients.

Besides, the bank’s rates for prioritized sectors such as agriculture, export, supporting industries and SMEs range from 8.95 pct to 12 pct.

SGT

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