HDBank offers cheap loans for year-end consumption

The HCM City Development Commercial Bank (HDBank) has earmarked VND3 trillion at priority interest rates to meet consumer needs during the year-end.

For loans of VND1 billion and more given between now and the end of March 2016, the interest rate will be only 6.8 per cent a year for the first three months or 7.5 per cent for the first six months.

It will be 7.9 per cent for nine months and 9.9 per cent for a year.

For loans of VND500 million to VND1 billion, the rate will be plus 0.5 per cent.

The bank said the loans would be given for doing business and buying property and cars.

bizhub

>   BIDV wants ACV strategic shareholder norms revised (21/12/2015)

>   Accounting and auditing sector lacks skilled manpower (19/12/2015)

>   Vietnam scraps ceiling on individual dollar deposit rates after Fed move (18/12/2015)

>   IFC, TienPhong Bank boost trade finance for SMEs (18/12/2015)

>   Annual interest rate on dollar deposits cut to 0% (18/12/2015)

>   Dong stable after Fed rate hike (18/12/2015)

>   Vietnam sees evidence of ‘dollar hoarding’ amid FED rate increase speculation (17/12/2015)

>   VN a top remittance recipient (17/12/2015)

>   Capital the biggest challenge for SMEs (16/12/2015)

>   Viet Nam insurers grow 22% this year (16/12/2015)