Mr. Pham Dinh Kinh - Director of Agribank Lai Chau Branch said: Implementing the policy of supporting businesses and people to restore production and business, develop the economy and society, Agribank has just issued two preferential credit programs with a total scale of up to 60,000 billion VND. Focusing on two main target groups: individual customers borrowing capital for production and business and customers borrowing to buy, build and repair houses. Currently, the unit is promoting propaganda and guidance so that organizations and individuals can understand and participate.
The short-term credit program with preferential interest rates is about 50,000 billion VND, for individual customers to serve production and business activities. The subjects of application are customers who have no outstanding debt at Agribank within the last 30 days, customers who sign new credit contracts, customers who have outstanding debt but need to borrow more, expand production.
Agribank Lai Chau Branch staff promote to customers preferential credit programs serving production and business.
Customers participating in the program will be eligible for a 0.5%/year interest rate reduction compared to Agribank's regular lending rate, applicable to short-term loans of up to 12 months. At the same time, customers need to use at least 2 other products/services of the bank such as payment accounts, savings, debit/credit cards, bill payments or electronic banking services.
Regarding the preferential loan program for buying, building and repairing houses: Agribank also offers medium and long-term loans with preferential interest rates for individual customers who want to buy houses, receive land use rights transfer, build, repair, renovate and complete houses. The scale of the program is about 10,000 billion VND.
New customers, customers with no outstanding balance in the last 10 days, or those who want to sign a new credit contract at Agribank can participate. Agribank commits to applying a fixed preferential interest rate in the initial period from 5.5% to 6.9%/year depending on the loan term and the selected preferential package. Specifically: Fixed package for the first 6 months: interest rate from 5.5%/year. Fixed package for the first 12 months: interest rate from 6.2%/year. Fixed package for the first 24 months: interest rate from 6.9%/year.
Similar to the short-term program, customers need to meet conditions such as credit rating from A1 to A12 internally at Agribank, no bad debt, open an account and commit to using banking services.
In addition to preferential interest rates, Agribank also encourages customers to use insurance products implemented by the bank in cooperation such as home insurance, fire insurance, credit insurance, etc. to comprehensively protect customers' assets and debt obligations.
These preferential credit programs will be implemented from July 11, 2025 and will be disbursed until the limit is exhausted. Agribank commits to shortening, making the loan procedures transparent and convenient throughout the system.
Source: https://baolaichau.vn/kinh-te/agribank-trien-khai-2-chuong-trinh-tin-dung-uu-dai-lon-phuc-vu-san-xuat-kinh-doanh-va-nhu-cau-nha-o-651419
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