The pioneer in making loan interest rates public is the Big 4 bank - Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). Accordingly, the bank published information on its website about the average lending interest rate in March with an average lending interest rate of 3%/year. The above interest rate is 6,49%/year different from the average capital mobilization interest rate at this bank.
Previously, some banks also announced average lending interest rates. However, each bank announces it differently.
Specifically, Ngan Pioneer Commercial Joint Stock Products (TPBank) also announced an average lending interest rate of 7,76%/year. Accordingly, the average lending interest rate for individual customers is 8,85%/year and for corporate customers is 7,34%/year.
Ngan Vietnam International Commercial Joint Stock Bank (VIB) Publicize the base lending interest rate but it is not listed together but divided into each loan purpose as well as disbursement time. Accordingly, if the loan is for the same purpose and disbursed in 2024, the base interest rate will be lower than in previous years.
Specifically, the base interest rate is 9%/year for real estate loans disbursed in 2024, but if disbursed from 2023 the interest rate is 10%/year, the base interest rate is 11%/year if disbursed from 2019-2022, the interest rate is 11,5%/year if disbursed before 2019.
The base interest rate will be 10%/year for car loans if disbursed in 2024 and the interest rate will be 11,5%/year if disbursed before 2019. For business loans under 12 months if disbursed in 2024 Base interest rate is 8,5%/year, disbursement from 2023 base interest rate is 8,8%/year.
The base lending interest rate applies to the entire system Bank Asia Commercial Joint Stock Company (ACB) from October 2, 10, it is 2023%/year. However, ACB also noted that this base interest rate is only applicable to loans with interest rates at the resettlement period calculated according to the bank's lending interest rate schedule.
Some banks apply different interest rates based on the loan term. For example, Ngan rowVietnam Maritime Commercial Joint Stock Company (MSB) Deploying a green credit package of VND 3.000 billion, interest rates from 4,3%/year for short-term loans and from 6,8%/year for medium and long-term loans.
Or at Saigon – Hanoi Commercial Joint Stock Bank (SHB), Loan interest rates range from 6,39%/year for short-term loans and 5,79%/year for medium and long-term loans applicable to individual customers.
At Ngan Saigon Thuong Tin Commercial Joint Stock Company (sacombank), Base loan interest rate for VND for 1-3 month term is 4,2%/year, 4-6 month term is 5,6%/year, 10-12 month term is 7,7%/year, and medium and long term is 8,5%/year.
In addition, foreign banks such as Maybank Hanoi and Ho Chi Minh City, First Commercial Bank Hanoi, Hong Leong, FE Credit... have also announced average lending interest rates.
At the Conference to deploy the task of operating monetary policy in 2024, focusing on removing difficulties for production and business, promoting growth and stabilizing the macroeconomy, the Prime Minister continued to emphasize the requirement Enhance transparency in credit activities, with special attention to the fact that credit institutions must publicly announce average lending interest rates.
Implementing the Government's policy, the SBV has required credit institutions to send the link of the section announcing interest rates to the SBV before April 1. If the link changes, it must be updated. within 4 working days.
