Customers make bank transactions at Vietcombank's branch on Xa Dan street, Ha Noi. — Photo courtesy of Vietcombank

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has announced two super-preferential loan programmes.

Specifically, from April 1, 2019 to March 31, 2020, small and medium-sized enterprises (SMEs) can borrow loans for business purposes for 12 months or less with preferential interest rates from 6.5 per cent per year.

The second promotion programme also applies in the same period. Accordingly, individual customers borrowing loans to buy cars, houses, business loans, consumer loans with secured assets and micro-business customers borrow medium-term business loans, car loans can enjoy attractive interest rates of only 7.5 per cent per year fixed for six months or 12 months depending on the time of borrowing from customers.

In addition, SMEs and individual customers borrowing medium and long-term loans will enjoy a fixed preferential interest rate for 2 years, 3 years or 5 years from the time of the withdrawal, which is applied to loan contracts signed and disbursed during the programme.

Vietcombank said the moves will help customers access cheap capital in the fastest and simplest way. — VNS