Viet Capital: cheap loans for small firms

Friday, Jun 16, 2017 10:43

Viet Capital Bank has earmarked VND600 billion (US$26.38 million) for lending to small- and medium-sized enterprises based in HCM City and the north at an interest rate of 7 per cent. — Photo Viet Capital Bank

Viet Capital Bank has earmarked VND600 billion (US$26.38 million) for lending to small- and medium-sized enterprises based in HCM City and the north at an interest rate of 7 per cent.

Under a programme called ‘Connecting Viet Capital Bank with SMEs,’ new SME customers and those who have repaid their old loans at least six months ago can borrow up to 80 per cent of the value of their mortgage.

There is no penalty for early loan repayment.

The programme will be implemented from now until December 31. — VNS

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