Many banks reduce interest rates to help customers recover after storms and floods.

(NLDO) - Many banks are applying a 2% - 2.8% interest rate reduction to customers borrowing capital in areas affected by natural disasters, storms, and floods.

On November 15, ABBANK announced that it has just launched a program to support loan interest rate reductions of up to 2.8%/year for individual customers and small and medium enterprises with existing loans in areas affected by natural disasters, storms, and floods in recent times.

Specifically, individual customers with short-term production and business loans will receive a maximum reduction of 0.75% for the entire remaining term of the loan.

For medium and long-term loans such as real estate loans, secured consumer loans, car loans, medium and long-term production and business loans, customers are supported with interest rate reductions of up to 2.8%.

For small and medium enterprises, ABBANK is reviewing and compiling a list of affected customers in each region to come up with appropriate support plans, ensuring timely and appropriate support to the needs of each enterprise.

ABBANK plans to apply a maximum reduction of 1.5% for 3 months for short-term loans and 6 months for medium and long-term loans.

Commercial banks are required to review and evaluate the production and business activities and debt repayment capacity of customers affected by storms and heavy rains and floods.

At Agribank , a policy of reducing loan interest rates by up to 2% per year for customers affected by storm No. 10 (Bualoi), storm No. 11 (Matmo) and post-storm floods is being implemented.

Specifically, for existing outstanding loans (including VND and USD) as of September 30, 2025 (excluding loans applying other preferential interest rate programs at Agribank), based on the level of damage of customers, the bank will reduce the loan interest rate from 0.5% to 2%/year. No late payment interest will be collected, and the overdue interest rate will be adjusted to the interest rate for the loan within the term from October 1 to December 31, 2025.

For new loans arising from October 1 to December 31, 2025, Agribank reduces the loan interest rate by 0.5%/year compared to the interest rate applied at the time of disbursement, applicable for a maximum period of 6 months from the date of disbursement.

"Along with the policy of reducing loan interest rates, the bank also restructures debt repayment terms; waives and reduces loan interest; continues to provide new loans with preferential interest rates, helping customers restore production and business activities and stabilize their lives after natural disasters" - said an Agribank representative.

Previously, the State Bank issued a document requesting credit institutions and foreign bank branches to review and evaluate the production and business activities and debt repayment capacity of loan customers affected by storms and heavy rains and floods from July 2025 to October 2025, in order to promptly apply support measures and remove difficulties for customers.

Accordingly, commercial banks will restructure debt repayment terms, waive and reduce interest and fees for customers affected by damage according to current regulations. Develop and implement credit programs and packages with lower interest rates than normal lending rates to restore production and business; reduce lending interest rates by 0.5% - 2% for 3-6 months for existing outstanding debts of customers affected by storms and floods.

Source: https://nld.com.vn/nhieu-ngan-hang-giam-lai-suat-tiep-suc-khach-hang-phuc-hoi-sau-bao-lu-196251115124017754.htm