Provincial Social Policy Bank reduces lending interest rates for some credit programs

QTO - On November 28, information from the Social Policy Bank (CSXH) of Quang Tri province said that the unit is urgently implementing a reduction in lending interest rates for a number of policy credit programs implemented by the CSXH Bank, in order to increase support for vulnerable groups and difficult areas, from December 1, 2025 according to Decision No. 2553/QD-TTg of the Prime Minister.

People are making transactions at the transaction point in Vinh Thuy commune, Quang Tri province - Photo: NP

Previously, on November 21, Deputy Prime Minister Ho Duc Phoc signed and issued Decision No. 2553/QD-TTg on reducing lending interest rates for a number of policy credit programs implemented by the Vietnam Bank for Social Policies, in order to increase support for vulnerable groups and disadvantaged areas.

Accordingly, the lending interest rate for poor households and the student loan program under Decision No. 157/2007/QD-TTg is adjusted down from 6.6%/year (equivalent to 0.55%/month) to 6.24%/year (0.52%/month).

The program for lending to households engaged in production and business in disadvantaged areas and to traders conducting commercial activities in disadvantaged areas has reduced the interest rate from 9%/year (equivalent to 0.75%/month) to 7.8%/year (equivalent to 0.65%/month).

The rural clean water and environmental sanitation loan program has had its interest rate adjusted down from 9%/year (equivalent to 0.75%/month) to 8.4%/year (equivalent to 0.7%/month).

The new interest rate will be applied from December 1, 2025 for outstanding loans at the Social Policy Bank.

Currently, the Provincial Social Policy Bank is coordinating with local authorities, sectors, socio- political organizations, and at the same time directing the system of Social Policy Bank Transaction Offices in the area to base on the regulations of the decision to implement the adjustment and reduction of lending interest rates for a number of policy credit programs to ensure timely and correct support for the right subjects.

According to statistics, the total outstanding social policy credit balance up to this point has reached 11,925 billion VND with over 160,000 poor households and other policy beneficiaries still in debt. This timely adjustment has profound humanitarian significance, affirming the Party and State's attention to those who are borrowing preferential credit, reducing interest rate pressure in the context of people trying to overcome the severe consequences caused by natural disasters.

Nam Phuong

Source: https://baoquangtri.vn/xa-hoi/202511/ngan-hang-chinh-sach-xa-hoi-tinh-giam-lai-suat-cho-vay-mot-so-chuong-trinh-tin-dung-57b7b1a/