HDBank unveils $215m credit package to oil retailer

Wednesday, Mar 27, 2019 08:04

HDBank is offering VND5 trillion worth of loans to petroleum stations. – Photo courtesy of HDBank

HDBank has launched a credit package for petrol stations of Vietnam National Petroleum Group and PetroVietnam Oil Corporation comprising low-interest loans worth around VND5 trillion (US$215 million).

It targets retailers and agents in the petroleum industry looking for loans on easy terms, especially Petrolimex and PVOIL.

A petroleum station can get an unsecured loan of up to VND1 billion at 7.2 per cent rate of interest, while an agent can borrow up to VND5 billion.

HDBank has given loans to around 75 per cent of petroleum stations that have applied, and does not charge fees on payments made to Petrolimex and PVOIL.

HDBank has been running programmes to support the business community, including the solar energy sector. – VNS

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