Transactions at HDBank. The bank is offering preferential loans to help boost economic demand. — Photo vietbao.vn

HCM CITY (Biz Hub) — The HCM City Development Bank (HDBank) is offering preferential interest rates for business households and individuals nationwide, who borrow money between now and the end of the year.

There is an interest rate of 6.8 per cent for the first three months, for loans amounting to VND500 million, or US$23,800, or more. The rate is 8.6 per cent for loans between VND100 million and less than VND500 million, or between $4,760 and less than $23,800.

In another preferential loan package, the interest rates are 8.8 to 9.9 per cent for the first year.

These are applicable for customers building or repairing homes, buying cars and fostering consumption and production. These are in line with Government directions to improve the demand of the economy, according to the bank. — VNS