Reduced lending interest rates for customers borrowing from the Bank for Social Policies affected by Typhoon Yagi

Deputy Prime Minister Ho Duc Phoc has just signed Decision No. 1629/QD-TTg dated December 23, 2024 on reducing lending interest rates for customers borrowing capital from the Vietnam Bank for Social Policies affected by storm No. 3 (Yagi).

According to the Decision, the subjects of the loan interest rate reduction are customers borrowing capital from policy credit programs at the Social Policy Bank with interest rates regulated by the Prime Minister (including organizations and individuals) in 26 localities in the Northern region and Thanh Hoa.

The loan interest rate reduction is 2%/year. Applicable to loans with outstanding balance at the Vietnam Bank for Social Policies from September 1, 2024 to December 31, 2024. The loan interest rate reduction period is from September 1, 2024 to December 31, 2024.

The Deputy Prime Minister requested the Vietnam Bank for Social Policies to strengthen measures to balance operating costs to reduce lending interest rates within the scope of the capital plan to compensate for interest rate differences and management fees assigned in 2024; take full responsibility before the Government and the Prime Minister for the accuracy of reported data and information, organize implementation to ensure operational safety and credit quality of the bank.

Source: https://phunuvietnam.vn/giam-lai-suat-cho-vay-doi-voi-khach-hang-vay-von-ngan-hang-csxh-bi-anh-huong-boi-bao-yagi-2024122321335709.htm