LienVietPostBank launched a preferential lending program on Monday in which borrowers will enjoy soft lending rate up to three percentage points lower than normal in the first three months.
The special credit program worth VND1 trillion is for corporate and individual customers, the bank said in a just-released statement.
As such, LienVietPostBank will reduce lending rates for individual customers and corporate clients by a maximum 3.5 percentage points and three percentage points annually respectively over normal rates, equivalent to a minimum 8% annually in the first three months.
The program is applicable to customers applying for new loans from now to October 30 or until the VND1 trillion credit line is completely lent out. The lender will perform simple and convenient lending procedures and disburse capital swiftly, it said.