Home » Banking & Finance » VietinBank continues to slash lending rates

Vietnam BaVietinBank continues to slash lending ratesnk 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% and 4% per annum for dong and U.S. dollar loans respectively.

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

The bank also quotes a rate of 9% 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% to 12%.

(Sai Gon Times)

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