The credit package is designed with a limit of up to 90% of capital needs and a maximum loan term of 9 months. SHB applies the method of lending by item or by limit, in VND or foreign currency depending on the actual needs of each enterprise.

The credit package stands out with the flexibility of collateral for the loan being the debt claim/receivable from Kim Long Motor, helping suppliers and units in the supply chain not need to mortgage fixed assets, while still ensuring access to capital, suitable for operational characteristics and flexible cash flow.

"Not only providing timely capital support, SHB also wishes to accompany suppliers to be more proactive in production planning, while reducing financial pressure and cooperating best when participating in the supply chain with Kim Long Motor - a business that is expanding its scale and improving the quality standards of domestic vehicles," SHB representative shared.

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Photo: SHB Bank finances Kim Long Motor supplier up to 90% of capital needs

According to SHB representative, the implementation of the supply chain support package is part of SHB's strategic orientation, promoting the three-way linkage between "bank - supplier - central enterprise". Thereby, SHB expects to contribute to building a sustainable financial foundation for the domestic automobile industry; at the same time, closely following the orientation of the Party and State, contributing to the implementation of Resolution 68 on private economic development, promoting domestic enterprises.

Recently, SHB has also launched a preferential loan program for businesses wishing to buy Kim Long Motor vehicles, with a market-leading competitive policy and streamlined application and procedure processes. The bank finances up to 85% of the vehicle value, with a maximum loan term of 72 months, secured by the purchased asset. With flexible loan terms and high financing rates, SHB is committed to accompanying and helping businesses invest in vehicles for business and transportation to become convenient and easy.

Through the simultaneous implementation of corporate financing in the supply chain for Kim Long Motor and the preferential car loan program, SHB provides comprehensive capital flows in the ecosystem of enterprises in the production, supply and service chains. This is a practical step to promote enterprises to develop the automobile and transportation industries, along with the development of the economy, especially the private sector.

With the position of Top 5 largest private commercial banks in Vietnam, SHB is implementing a strong and comprehensive transformation strategy 2024-2028, with the goal of becoming: Top 1 bank in terms of efficiency; most favorite digital bank; best retail bank and at the same time a Top bank providing capital, financial products and services to strategic private and state corporate customers, with supply chain, value chain, ecosystem, and green development.

Thuy Nga

Source: https://vietnamnet.vn/shb-ho-tro-von-cho-doanh-nghiep-trong-chuoi-cung-ung-cua-kim-long-motor-2408904.html