What is the average lending rate at banks now?

Many major banks have updated average lending rates with many differences compared to the beginning of the year.

The average lending interest rate is understood as the average lending interest rate of loans arising during the period. However, the actual lending interest rate applied to each customer depends on the level of risk, financial capacity and collateral...

According to experts, depending on the strategy and key credit customer segment, the average lending interest rate of banks will also be affected.

Latest average lending interest rates at some banks. Unit: %/year

Banks with a wholesale development strategy, a large proportion of corporate loans with production and business loans, working capital supplements often have short terms, or lend to priority sectors according to the Government 's orientation with preferential interest rates, of course will have low average lending interest rates.

On the contrary, organizations with strengths in retail lending, mainly personal credit customer files. This group often trades in credit products focusing on consumer loans, real estate, cars, with long loan terms, unsecured loan products, of course the average loan interest rate will be high.

However, customers should note that the average lending interest rate of banks is not the interest rate applied to each specific loan. Customers should contact the bank branch or transaction office for advice and more detailed information about the credit programs and preferential programs of the banks.

In 2024, the Prime Minister requested commercial banks to publicly announce average lending interest rates so that people and businesses can easily access credit and choose banks to borrow from. This is also the basis for promoting the effective implementation of preferential credit packages suitable to the characteristics of each credit institution for important sectors.

According to the latest announcement from the State Bank, in March, the average lending interest rate of domestic commercial banks for new and old loans with outstanding debt was at 6.6-9.0%/year. This figure decreased slightly compared to 6.7-9.0%/year in January.

According to a survey by reporters, according to the latest update of lending interest rates posted publicly on the websites of credit institutions, the current market leading group includes a series of banks lending at an average interest rate of over 9%/year such as: VietABank 9.71%/year; BAOVIET Bank 9.29%/year; Saigonbank 9%/year...

The lowest in the market is the group of state-owned commercial banks with quite low lending interest rates, even somewhat lower than at the beginning of the year. Specifically, VietinBank 5.42%/year, down 0.18% compared to January; BIDV 5.52%/year, down 0.14%; Vietcombank 5.6%/year, down 0.1%; Agribank is now only 6.6%/year, down 0.2%.

In addition, many joint stock commercial banks have also announced sharp reductions. For example, TPBank's average lending interest rate is now only 7.53%/year, down 1.02% from 8.55%/year at the beginning of the year. Or at VIB, the interest rate is 6.32%/year, down 0.8% from 7.12%/year in January.

Source: https://thoibaonganhang.vn/lai-suat-cho-vay-binh-quan-tai-cac-ngan-hang-hien-ra-sao-164029.html