In 2023 and the first 3 months of 2024, the banking system will have many loan interest rate reductions, and many preferential credit programs and products. At the same time, banks also optimize procedures and loan applications and promote connections with people and businesses nationwide, creating favorable conditions for customers to access credit capital.</p >
The move to lower lending interest rates directly impacts capital costs of people and businesses, reduces pressure on customers during the process of recovering production and business and promoting consumption.</p >
In the group of private joint stock commercial banks, SHB is one of the pioneers, always closely following the direction and policies of the Government and the State Bank (SBV) on monetary policy, especially is related to interest rates and credit regulations.
Recently, SHB lowered lending interest rates for individual customers. Short-term loans have interest rates from only 6.39%/year and medium- and long-term loans from 5.79%/year, with a credit package size of 23,000 billion VND, targeting the need to borrow capital for production, business and purchase. shopping, payment, consumption, serving life…
The bank also deployed two credit packages for businesses with a scale of VND 10,000 billion respectively for customers with production and business purposes. businesses with loan interest rates from 5.8%/year, and 1,000 billion VND for businesses that need loans to buy cars with interest rates from 6.5%/year.
Bank representative Customers said that SHB’s large-scale credit packages with appropriate interest rates are expected to help customers easily access capital, remove difficulties in capital sources for production, business and consumption, from That also repels black credit and high-interest loans in the market.
Many other banks also offer credit packages with preferential interest rates reduced by 1 – 1 5 percentage points hundred compared to the normal interest rate and the same period last year. The Big 4 banking group also deployed a loan package to buy housing and serve production and business for individual customers, small and medium enterprises.
According to the State Bank of Vietnam until the end of February, deposit interest rates The average of new transactions of commercial banks is at 3 3%/year, down 0 2%/year compared to the end of 2023; The average lending interest rate of new loans is at 6.4%/year, down 0.7%/year compared to the end of 2023.
The direction of the State Bank’s monetary policy is to control Inflation in 2024 will average about 4% – 4.5%, supporting the economic growth target of 6% – 6.5%. The State Bank’s policy is to continue to require credit institutions to reduce costs to further reduce interest rates to support businesses.
According to Mr. Dang Cong Hoan – Director of SHB Retail Banking Division Following closely the State Bank’s operating direction, individual lending interest rates at SHB have decreased by 2-3 percentage points depending on the loan term compared to 2023. In which, interest rates according to preferential packages for customers Personal consumer loans decreased by about 4 percentage points compared to the same period last year. SHB also improved lending procedures and promoted the application of technology to speed up application processing time and minimize credit appraisal and approval time…
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