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A huge credit package for individual customers
BIcH ngoc
A huge credit package at low rate for individuals
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From 01 January to 31 December 2022, BIDV is implementing a promotion program titled “65 years –Growing together” for personal customers with a total scale of VND200 trillion (USD8.8 billion) at an introductory rate of 5 percent/year.
For a short-term credit package of VND100 trillion (USD4.4 billion) (term of 12 months or less) for production and business activities, customers can enjoy an interest rate of only 5 percent/year for term of less than 6 months and only from 5,5 percent /year for term from 6 to 12 months. The short-term credit package helps customers to timely access capital, recover business and production activities as well as adapt to the “new normal”.
For medium and long-term credit packages (term of 36 months or more) (home loans, auto loans; consumer installment loans secured by real estate) with a size of VND200 trillion, customers can enjoy interest rates from only 6.2 percent/year. In particular, for customers who borrow to buy houses via BIDV Home app in Hanoi and Ho Chi Minh City, the interest rate is only 6.2 percent/ year applicable for the first 6 months from the first disbursement. BIDV Home is an application that allows users to learn about property projects, apply for loans online and monitor disbursement progress via mobile devices.
Interest rates are only from 6.4 percent/year for other customers borrowing to buy houses in Hanoi and Ho Chi Minh City, and 6.6 percent/year for those in other areas.
Previously, BIDV announced to waive all transaction fees on BIDV SmartBanking starting 01 January 2022 and offered VND65 billion (USD2.9 million) to customers on the occasion of its 65th anniversary.
The promotion program “Growing together” at super flexible interest rates shows BIDV’s gratitude to customers who have trusted and accompanied it over the past 65 years. The short-, medium-, and long-term lending rates have been stabilized by BIDV since the end of 2020 to support customers during the pandemic. with VND200 trillion of cheap capital offered to the market, BIDV hopes to help customers overcome difficulties and support the economy to recover and grow in the new normal.
