Update basic loan interest rates for businesses at SCB

Illustration: SCB

For loans with a 365-day interest rate, there will be 3 categories: short-term base interest rate of 6 months; 12 months and medium and long-term base interest rate. Specifically:

6-month short-term base interest rate for loan terms greater than 3 months but less than 6 months.

If the enterprise borrows in VND, with a revaluation period of 1 month, the loan interest rate will be 9.3%/year; similarly, at 3 months, it will be 9.35%.

If a business borrows in USD with a 1-month revaluation period, the loan interest rate will be 1.99%/year; similarly, for 3 months, it will be 2.00%.

The 12-month short-term base interest rate will have a loan term greater than or equal to 6 months but less than or equal to 12 months.

If a business borrows in VND with a revaluation period of 1 month, the loan interest rate will be 9.5%/year; similarly, at 3 months, it will be 9.56%.

If a business borrows in USD, with a revaluation period of 1 month, the loan interest rate will be 2.01%/year; similarly, at 3 months, it will be 2.02%.

At the medium and long term base interest rate with a term of over 12 months. If a business borrows in VND, with a revaluation period of 1 month, the loan interest rate will be 9.57%/year; similarly, at 3 months, it is 9.6%.

If a business borrows in USD with a revaluation period of 1 month, the loan interest rate will be 2.04%/year; similarly, at 3 months it is 2.06%.

SCB's base lending rate for loans applies an interest calculation basis of 365 days.

In addition, SCB also lends VND to businesses at an interest rate of 9.47% for loans with an interest base of 360 days. Loan term is over 12 months.

The base lending rate for loans applies a 360-day interest basis.

Source: https://laodong.vn/kinh-doanh/cap-nhat-lai-suat-vay-co-so-danh-cho-doanh-nghiep-tai-scb-1271542.ldo