HDBank offers $286 million in preferential loans

Thursday, Apr 09, 2015 17:45

Transactions are carried out at HDBank. The bank has offered businesses preferential loans worth $286 million. — Photo hdbank.com.vn
HCM CITY (Biz Hub) — The HCM City Housing Development Bank (HDBank) has offered businesses a preferential lending package worth VND6 trillion ($285.71 million).

The programme has been reserved for small and medium-sized enterprises seeking capital for production, business activities and exports. It will also help firms fund projects and purchase manufacturing equipment.

The bank has set an annual interest rate of 6.6 per cent for loans with terms of six months or less, and a minimum rate of 9.69 per cent during the first year for medium to long-term loans. The programme will be valid until the end of June. — VNS

Comments (0)