Sacombank offers soft loans

Wednesday, Jan 28, 2015 08:00

HCM CITY (Biz Hub) — The Sai Gon Thuong Tin Joint-Stock Commercial Bank (Sacombank) will offer VND10 trillion (US$470 million) in preferential loans to individuals, businesses, households and co-operatives in HCM City's 24 districts and many other cities and provinces this year.

The interest rate on the loans will be 6.9 per cent per year.

Last year, Sacombank provided loans worth more than VND4.7 trillion ($223 million) at 7 per cent interest to hundreds of businesses and households nationwide to help them develop and expand business. — VNS

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