Interest rate for home and car loans at SeABank is only 6.5% per year

The interest rate for home loans, car loans, and secured consumer loans applied by SeAbank is only 6.5% per year, fixed for 12 months.

Compared to early 2023, interest rates at many state-owned and private banks are falling sharply. This has helped many people who need to borrow to buy a house or borrow for consumption with collateral decide to apply for loans at banks with good interest rates and attractive preferential and grace periods.

At SeABank, the bank is applying an interest rate of only 6.5% per year, fixed for 12 months. After the preferential period, the interest rate will be floating with a margin of only 3.35% per year. In addition to the interest reduction policy, this bank also simplifies the loan procedure for users.

For home loans, the loan term is extended to 35 years, the loan limit is up to 75% of the property value, flexible income proof documents. For car loans, the loan term is up to 8 years, the loan limit is up to 75% of the car value.

Having lived in a rented house for a while, Ms. Nguyen Thi Thu Huong, an employee of a scientific research agency in Ho Chi Minh City, decided to borrow money from the bank to buy a 2-bedroom apartment, priced at around 3 billion VND.

"I have now saved up 2/3 of the house's value. After carefully researching the bank's lending policies, I chose SeABank to borrow one billion VND thanks to its attractive interest rate policies," she said.

Customers apply for loans at SeABank. Photo: SeABank

In addition, SeAbank also attracts customers with a loan package that helps customers repay personal loans at other banks early. With an interest rate of only 6.5% per year, applied to real estate loans, consumer loans with collateral and loans for business purposes.

Accordingly, customers will enjoy principal grace period, especially support for early disbursement to repay loans at other banks, while income proof is simple and flexible.

A customer who borrowed a preferential loan of 6.5% per year at SeABank Cau Giay branch to pay off a home loan with an interest rate of 10% at another bank assessed the program to support users in accessing capital as a humane policy.

"Getting a loan with preferential interest rates to pay off other bank debt right before Tet helps me reduce some of my financial burden," said this customer.

The bank representative said that the interest rate reduction is a good signal that positively impacts people's psychology; helping borrowers reduce financial pressure and easily access loans at reasonable prices. The launch of low-interest credit packages by commercial banks such as SeABank also creates opportunities for customers who are in need of buying a house, buying a car, taking out a consumer loan with collateral or borrowing for business purposes to achieve their goals.

Thao Van

source