Many attractive consumer loan packages are emerging.

(GLO) - Currently, commercial banks in the province are simultaneously launching many consumer credit packages with attractive interest rates, while also committing to simplifying procedures and creating favorable conditions for customers to borrow capital.

This move not only helps people and businesses easily access official capital, but also contributes to stimulating consumer demand, promoting production and business, and creating momentum for economic growth for the entire province.

BIDV Binh Dinh offers a variety of loan packages with attractive interest rates.

At BIDV Binh Dinh branch, many customers are approaching and completing loan procedures to support their daily lives and consumption. Among them, individual customers receiving salaries through BIDV accounts (with collateral) are applying for consumer loans with a maximum loan amount of 5 billion VND, a minimum loan term of 36 months, an interest rate of 6% per annum for the first 12 months, and a minimum interest rate equal to the interest rate on individual deposits with interest paid after the 12-month term as listed by BIDV for each period.

BIDV Binh Dinh credit officers proactively approach and introduce consumer loan packages to customers. Photo: T. Sy

Individual customers receiving salaries through BIDV accounts but without collateral can access a credit package with a maximum loan limit of 700 million VND, a minimum loan term of 36 months, and a higher interest rate than secured loans. Customers who are officers and soldiers in the armed forces can access a credit package called "With BIDV, soldiers have homes." With this loan package, customers can borrow up to 5 billion VND, with a loan term of up to 35 years, a fixed interest rate of 5.5%/year for the first 12 months, and receive various gifts from the bank.

In addition to the aforementioned credit packages, BIDV Binh Dinh also offers three other consumer credit packages for the following groups: customers who do not receive their salaries through BIDV Binh Dinh; young customers (aged 18 to 35) with collateral; and small business owners.

For customers who do not receive their salary through BIDV Binh Dinh, loans with a term of 36 months will have an interest rate of 5.5% for the first 6 months from the date of disbursement. Young customers needing loans to buy or renovate a house can borrow up to 5 billion VND, with a fixed interest rate of 5.5% per year for the first 5 years and a maximum of 5 years of interest-free payments. Small business owners can borrow through overdraft facilities with a limit of 3 billion VND, a maximum loan term of 12 months, and an interest rate of 5% per year.

"We are committed to simplifying procedures and creating the most favorable conditions for customers to access and borrow from the aforementioned credit packages," affirmed Mr. Van Minh Hoang, Deputy Director of BIDV Binh Dinh.

Consumer credit is booming.

Other banks such as Agribank Binh Dinh, Vietcombank Binh Dinh, and Vietinbank Binh Dinh have also launched many consumer loan packages with attractive interest rates.

Banks' increased consumer lending contributes to stimulating consumer demand, boosting production and business, and creating momentum for economic growth. Photo: T.Sỹ

At Agribank Binh Dinh, a prominent program is the medium and long-term loan program for individual customers purchasing houses; acquiring land use rights; and constructing, repairing, renovating, and completing houses.

This credit package has a scale of VND 10,000 billion, with a fixed interest rate of 5.5% for the first 6 months, applicable to a minimum loan term of 18 months; a fixed interest rate of 6.2% for 12 months, applicable to a minimum loan term of 36 months; and a fixed interest rate of 6.3% per year for 18 months, applicable to a minimum loan term of 60 months.

Following the aforementioned trend, many private banks are also offering customers credit packages to serve daily life and consumption needs, such as: loans for purchasing, building, and renovating houses; preferential loans for production and business, supplementing working capital, and installment payments for business capital, etc., creating fierce competition.

Mr. Pham Van Khoa, Deputy Director of Sacombank Binh Dinh, said: "Currently, we are implementing a credit package worth 40,000 billion VND for individual and corporate customers. Interest rates for short-term consumer loans for individuals range from 4.8% to 6.5% per year; for medium and long-term loans, fixed interest rates of 6.5% per year, 7% per year, and 7.5% per year apply for 6, 9, or 12 months, respectively."

Specifically for real estate loans, the loan term is up to 40 years, customers can borrow 85% of the total value of the real estate collateral, and receive a grace period of up to 5 years for principal and interest payments. We apply a flexible repayment mechanism to help customers proactively plan their cash flow, with an early repayment fee of only 1% in the first two years and waived from the third year onwards.

Meanwhile, Bac A Bank Binh Dinh introduced a credit package worth 10,000 billion VND to customers needing loans for car purchases, real estate purchases, home renovations, and additional capital for production and business activities with collateral. Mr. Le Thanh Phuong, Director of Bac A Bank Binh Dinh, stated: "The bank applies interest rates from 7.1%/year for short-term loans and from 5%/year for medium and long-term loans. We offer flexible lending options to suit the actual needs and financial foundations of each customer group."

Consumer credit plays a crucial role in the socio-economic development of the province. Therefore, the simultaneous increase in consumer lending by banks not only meets the financial needs of individuals and businesses but also helps limit access to capital from unofficial channels such as "loan sharks," contributing to minimizing negative consequences and ensuring social security and order. At the same time, facilitating the flow of credit capital stimulates consumer demand, creates momentum for production and business, and promotes the province's economic growth.

Source: https://baogialai.com.vn/no-ro-nhieu-goi-vay-tieu-dung-hap-dan-post567694.html