Reduce interest rates on policy credit loans to support people affected by storm No. 3

Interest rates on loans at the Vietnam Bank for Social Policies will be reduced to support people affected by storm No. 3 (illustrative photo)

The Prime Minister has just signed a decision to reduce interest rates on policy credit loans to support people affected by storm No. 3.

Specifically, interest rates will be reduced by 2% per year for all policy credit loans with outstanding balances from September 1 to December 31, 2024 at the Vietnam Bank for Social Policies, Hai Duong branch and 25 other localities in the North and Thanh Hoa province.

According to a quick report from the provincial branch of the Vietnam Bank for Social Policies, from September 1 to December 24, the whole province had more than 90,000 loans with outstanding debt of more than VND4,700 billion, belonging to credit programs regulated by the Prime Minister on interest rates. The interest rates of these programs range from 1.2% to 9% per year.

The provincial branch of the Vietnam Bank for Social Policies will base on specific instructions from the central headquarters to implement interest rate reduction according to the Prime Minister's decision.

HA KIEN

Source: https://baohaiduong.vn/giam-lai-suat-cac-khoan-vay-tin-dung-chinh-sach-de-ho-tro-nguoi-dan-bi-anh-huong-do-bao-so-3-401410.html