VND30 trillion loan at introductory rate of 6 percent p.a

Hong Vu

VND30,000 billion loan at introductory rate of 6 percent p.a.

Aiming to continue to support individual customers to maintain business activities during the Covid-19 pandemic, from 27 July to 30 September 2020 BIDV is implementing a new business loan package titled “Connecting to reach further” with a total value of VND30,000 billion (USD1.3 billion).

The new package is a continuation of the previous one of total value VND50,000 billion (USD2.16 billion), launched on 5 June this year. With the new package, customers are able to choose different loan packages and enjoy attractive interest rates, specifically from 6 percent p.a. for loans with terms of less than six months and from 6.5 percent p.a. for terms from 6 to 12 months.

The program applies to new loan disbursements from27 July 2020.

Customers applying for production and business loans during this time will also be offered many promotions from other products and services such as e-banking and insurance amongst others, to effectively manage their personal accounts, such as:

Waiver of e-banking service maintenance fee.

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Additional 0.5 percent interest rate p.a. for online savings.

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Reduction of up to 70 percent interbank transfer fees.

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100 percent value of top-up mobile amount (up to VND100,000 (USD4.3)/ customer) refunded when registering for BIDV SmartBanking and conducting a top-up mobile transaction via the app.

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Special offer on credit insurance and credit cards from time to time.

Since the beginning of the year, BIDV has disbursed more than VND80,000 billion (USD3.45 billion) at low-cost interest rates in order to support

/p.a. Introductory rate 6 % individual customers with their business and production needs. Such loan packages have been well received by customers and fully disbursed before the expected schedule.

BIDV is proud to be the first and only bank to receive the “Vietnam Outstanding Retail Bank” award from the Vietnam Banks Association (VNBA) and the International Data Group (IDG) for four consecutive years (2016 – 2019) and the only bank to be honoured with “Best Retail Bank Vietnam” award for five consecutive years (2015 - 2019) by The Asian Banker.