BAC A BANK launches preferential loan package with interest rate from 7.5% per year for corporate customers

Businesses have always been a crucial driving force behind economic growth and a strategic partner for the banking sector in optimizing cash flow and effectively utilizing financial resources to serve development goals. Understanding the urgent short-term capital needs of this customer group to reactivate and expand production and business, and building on the success of the preferential loan packages continuously launched in 2023, Bac A Commercial Joint Stock Bank ( BAC A BANK ) continues to launch the short-term interest rate preferential package “Together with BAC A BANK - Golden Fortune for the New Year” with simple procedures, fast disbursement process, and diverse and flexible collateral options.

The total program limit is up to VND 1,000 billion, implemented across the entire BAC A BANK system and without distinction of industry or business sector of enterprises, expected to run until January 31, 2024 or until the projected disbursement volume is reached.

Bac A Bank once offered preferential loan interest rates from 75 years for corporate customers (Figure 1).

Accordingly, BAC A BANK is offering a special preferential interest rate of only 7.5%/year for new or existing corporate customers to borrow additional working capital, with a maximum term of 3 months.

For loans with terms ranging from 3 to 12 months, this preferential interest rate is fixed for the first 3 months. After that, the interest rate will be adjusted according to personal savings interest rates, with a margin of only 3.4% per year. Even more attractive, with the goal of continuously sharing and supporting customers, BAC A BANK also applies a policy of waiving/reducing early repayment fees for specific cases.

In the context of Vietnam's current economic recovery, the program is expected to support businesses in accessing low-cost capital, improving operational efficiency and competitiveness, and contributing to the overall economic development. Prior to this, BAC A BANK officially extended its "Preferential Loan - Gratitude Interest Rate" credit package until the end of Q1/2024, increasing the total program limit to VND 5,000 billion, to quickly meet the needs of businesses. Details can be found here.

With a focus on building sustainable, mutually beneficial partnerships, businesses transacting with BAC A BANK not only have access to capital at attractive interest rates but also benefit from a range of preferential fee policies (from corporate account services and payroll services to guarantee issuance, trade finance, and international payments), while receiving professional and enthusiastic advice from a team of experienced staff.

BAC A BANK's corporate credit products are increasingly diversified, tailored to specific loan purposes or business sectors such as construction, pharmaceuticals, the rice industry, and high-tech agriculture . This specialized product design allows BAC A BANK to better meet the financial needs of each business group, customizing product features and benefits to optimize customer advantages. Along with attractive interest rates and fee incentives, BAC A BANK is continuously striving to support businesses in realizing their business opportunities.

For detailed information, please visit the website www.baca-bank.vn, contact BAC A BANK branches/transaction offices, or call the Customer Service Hotline: 1800 588 828.

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