Sacombank is running a preferential loan programme for car buyers from February 13 to June 30. — Photo courtesy of the bank

Sacombank has rolled out a car loan programme with preferential interest rates starting from 8.5 per cent per year until June 30.

Accordingly, individual customers can borrow up to 100 per cent of the car's value with a loan term of up to 10 years. Sacombank applies a fixed interest rate from only 8.5 per cent per year, which is considered the lowest and most competitive interest rate in the market today.

Besides that, the bank will also offer additional incentives for customers who borrow to buy cars during the programme period, including offering a current account with the account number being anything the customers want such as their phone number, citizen ID card number, birthday or significant anniversary date.

According to figures unveiled by the Vietnam Automobile Manufacturers Association (VAMA), 509,141 cars were sold in Viet Nam last year, the highest ever. — VNS