HDBank cuts loan interest rates for some

The HCM City Development Bank (HDBank) has cut loan interest rates for private and corporate customers.

Since August, the bank will offer, based on specific loan purposes, preferential interest rates of between 12 per cent and 12.5 per cent per year for businesses. Some special cases can receive a loan interest rate of less than 11 per cent per year.

Individual customers will be able to receive a lending interest rate of 4 per cent lower than the current ordinary rate for business operations, real estate and home-construction purposes, and on consumer loans with collateral.

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