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| HDBank offers cheap loans for year-end consumption. — VNS Photo |
HCM CITY (Biz Hub) — 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.— VNS