Shinhan Bank Vietnam Ltd. has announced the latest preferential interest rate packages for individual customers to assist them in achieving their financial goals, particularly in the aftermath of a shock as severe as the fourth wave of COVID-19 and amid ‘the new normal.’

It offers home loans to individual customers at an ideal interest rate of 5.49 per cent for the first year and a fixed rate of 7.8 per cent from the second to fifth years, and a loan term of up to 25 years. These are considered the most appealing lending rates in the market.

Shinhan Bank's car loans have a competitive rate of 6 per cent for the first year or 7.5 per cent for the entire loan period. Customers can get loans of up to 80 per cent of the car's value for up to eight years.

They get a 0.1 percentage point discount if they buy Thaco cars and a 0.3 per cent if they buy electric or hybrid vehicles.

Customers using other Shinhan Bank products also get an additional 0.2 percentage point discount.

Furthermore, in appreciation of their efforts in combating the pandemic, the bank offers unsecured loans to doctors, nurses and office medical staff under a programme called ‘white blouse appreciation.’

It carries a preferential interest rate of 8 per cent, and is available from October 13 to December 31.

Speaking about these preferential personal loans, Trinh Bang Vu, head of retail lending at the bank, said "Being ‘customer-centric’, Shinhan Bank Vietnam always prioritises customer satisfaction and tends to focus on solving their problems.

“Therefore, we strive to adjust and deploy our lending policies to promptly meet the financial needs of customers in all circumstances, especially during these difficult times. With the new interest rate packages for individual customers, Shinhan Bank Vietnam wishes to provide effective support and help customers pursue their financial goals.” — VNS