ABBank provides healthcare, education loans

Wednesday, Sep 18, 2013 17:59

An ABBank transaction office. The bank is offering preferential loans worth $9.5 million to private healthcare and education investors. — Photo

HA NOI (Biz Hub) ― An Binh Bank (ABBank) has reserved VND200 billion (US$9.5 million) worth of preferential loans for borrowers seeking to invest in private clinics and schools.

The bank is offering a minimum interest rate of 8.99 per cent per year for the first three months and cutting the rate by 1 per cent from normal market levels for the next nine months.

This applies to loans valued from VND100 million to VND5 billion (approximately $4,700-238,000) with terms of 12 months or more.

ABBank said the programme, which will run until December 31, aimed to boost individual lending and meet demand from business households and private enterprises. ― VNS

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