Housing bank offers preferential loans

Friday, Mar 28, 2014 16:16

Transactions at Mekong Housing Bank. The bank is offering a preferential loan package worth over $95 million. — Photo ibanker.vn

HA NOI (Biz Hub) ― The Mekong Housing Bank announced on March 26 that it is offering a loan package worth VND2 trillion, or US$95.24 million, at a preferential interest rate of 8.5 per cent.

The package will help individual customers to meet their expenditure on essential consumption, house repair and purchases, as well as ease the pressure on enterprises towards covering business capital and financial costs.

These are in line with a move of the State Bank of Viet Nam to cut policy rates in mid-March, in a bid to stimulate lending growth in the economy, according to the bank. ― VNS

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