Average lending interest rates in April at many banks slightly decreased

The average lending rate is the interest rate of loans incurred during the period, not applied to each specific loan. Illustration photo

Implementing the direction of the State Bank, commercial banks are announcing average lending interest rates each month to facilitate people and businesses in accessing credit and choosing banks to borrow capital.

According to the announcement table, BIDV Bank has an average lending interest rate of 5.52%; the difference between the average lending interest rate and the average capital mobilization interest rate is 2.55%; the difference between the interest rate after deducting related costs is 1.44%. Compared to the January period, the average lending interest rate at BIDV decreased by 0.14%.

Vietcombank has an average lending interest rate of 5.6%/year, down 0.1% compared to January; the average difference between deposit and lending interest rates is 2.8%/year; the interest rate difference after deducting costs related to capital mobilization and use is 1.2%/year.

Agribank 's average lending interest rate is 6.6%/year, 0.2% lower than the January period. VietinBank also has an average lending interest rate of 5.42%, 0.18% lower than the January period.

Many commercial banks such as VIB, ACB, OCB, Techcombank, Sacombank, Kien Long... also have average lending interest rates decreasing. Of which, Tien Phong (TPBank) has the average lending interest rate decreasing the most compared to the beginning of the year, from 8.55%/year to 7.53%/year. On the contrary, at Saigonbank, the average lending interest rate is up to 9%/year, only decreasing by 0.03% compared to the beginning of the year...

Banks note that the average lending interest rate does not apply to each specific loan but is the interest rate of loans arising during the period. The actual lending interest rate applied to each customer depends on the level of risk, financial capacity and collateral... Therefore, individual customers will have to pay higher interest rates than the average lending interest rate announced by the bank.

Source: https://hanoimoi.vn/lai-suat-cho-vay-binh-quan-thang-4-tai-nhieu-ngan-hang-giam-nhe-702186.html