TPBank reduces interest rates to support people and businesses in flood-affected areas

In the face of severe damage caused by storms and floods, TPBank has implemented a special interest rate reduction policy for customers in the Northern and Central provinces. With a total support limit of up to VND 4,000 billion, the program demonstrates TPBank's practical sharing efforts and long-term companionship with the community to overcome difficulties.

In order to promptly share with people who are trying to overcome difficulties after storms and floods, TPBank has implemented a special interest rate reduction policy exclusively for customers in the Northern and Central provinces severely affected by natural disasters. The policy is effective from now until January 31, 2026.

Accordingly, the program for individual customers has a total support limit of up to 2,000 billion VND with a reduction of up to 2% within 6 months. Customers are considered for support if they are directly affected by storms and floods, such as in the case of borrowing to buy a car for business activities but the vehicle is damaged due to natural disasters, leading to income interruption. Or customers whose income has decreased by 70% or more are also respectfully considered for support by TPBank according to the policy of this program.

Similar to individual customers, TPBank also implemented an interest rate support program for corporate customers whose business activities were severely affected by storms and floods. Specifically, the policy applies to businesses whose facilities and business means are damaged, leading to a decrease in income of 70% or more. The total support limit of this program is 2,000 billion VND.

Of which, VND800 billion is allocated for new disbursed loans, with a maximum preferential reduction of 1% of the loan margin for up to 3 months, applied to loans disbursed until January 31, 2026.

The remaining VND1,200 billion is reserved for existing loans, with a maximum interest rate reduction of 2% and fixed until March 31, 2026. Eligible loans are those that are applying floating interest rates (adjusted every 3 months) or have expired the preferential fixed interest rate period for the first period or first year. At the same time, the current interest rate of this loan is over 7%/year for short-term and over 9%/year for medium- and long-term.

TPBank representative shared: "The storm and flood have left behind immeasurable losses. We deeply understand the difficulties that people and businesses are going through and wish to accompany them with the most practical actions. This interest rate reduction is not only a financial policy, but also a commitment to accompany and share, adding confidence so that each person can firmly restore their lives and stabilize their livelihoods."

Not stopping at credit policy, TPBank also demonstrates its social responsibility through practical and timely actions. With a total budget of nearly 6 billion VND, the program "TPBank joins hands with people to overcome floods" has been and is being implemented by the bank union in many localities that have suffered heavy damage due to storms and floods. This is proof of TPBank's long-term and persistent commitment in accompanying the community, especially in the most difficult times.

Source: https://thoibaonganhang.vn/tpbank-giam-lai-suat-ho-tro-nguoi-dan-va-doanh-nghiep-vung-lu-174565.html