Additional VND30,000 billion of low interest rates for personal production and business loans

Publish date
05/11/2020

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In order to support individual customers to recover production and business post-Covid-19 pandemic and to meet customers' capital needs on the occasion of the New Year, from 5 November 2020, BIDV expanded the scale of its short term loan package from VND70,000 billion to VND100,000 billion.

Accordingly, the VND70,000 billion credit package quickly reached its limit and was expanded by VND30,000 billion, from now to 31 Jan 2021. Customers participating in the credit package will continue to enjoy preferential interest rates of from only 5% p.a. for loans termed less than 6 months or from only 5.5% p.a. for loans termed from 06 months to 12 months (a reduction of 0.5% p.a. for all terms).

This is the 3rd time in a row that BIDV has lowered the interest rate for short-term production and business loan after the first time of reduction by 0.5% p.a. on 28 August 2020 and the second time also by 0.5% p.a. on 14 September 2020. The expansion of the loan package in both size and duration promises to help individual customers easily access preferential capital to maintain and enhance production and business activities, contributing to the economy recover by the end of 2020.

Customers who borrow capital for production and business during this time will simultaneously participate in many attractive incentive programs from other products and services such as e-banking, insurance, deposit, ... for an effective management of personal account such as: Free e-banking service; Offering up to 0.2% p.a. interest rate when depositing Online; Discount up to more than 70% of online money transfer fee outside the system... In addition, borrowers are also entitled to preferential cards (credit cards, debit cards) from time to time.

Customers can register for loan information online at https://ebank.bidv.com.vn/DKNHDT/dk_vayonline.htm or contact the nearest BIDV branch and 24/7 Customer Service Call Center: 1900 92470.

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