Competitive Interest Rates Offered by SHB
SHB offers competitive interest rates for loans in the banking system today.
Specifically, for individual customers, the interest rate is reduced to only 6.39% per year for short-term loans and 5.79% per year for medium to long-term loans. Additionally, with the preferential home loan package, customers will enjoy disbursement up to 90% of the purchase value of the real estate, with a loan term of up to 25 years, and an extended interest rate and principal payment grace period of 24 months. Furthermore, loyal customers who use multiple banking products and services may be eligible for an additional discount of up to 1% per year.
In addition, SHB also adds VND 5,000 billion to the loan package for customers, totaling VND 23,000 billion. This credit package is part of the “Preferential Loan – Prosperous Dragon” program implemented by SHB since the end of January 2024, with an initial budget of VND 18,000 billion to help people supplement reserve capital for goods storage, production and business to serve the market, as well as prepare money for shopping, payment, expenses, etc.
For corporate customers, SHB has implemented a credit program worth VND 10,000 billion for manufacturing and business customers with reduced interest rates starting from only 5.8% per year, as well as a VND 1,000 billion credit package for enterprises with the need to purchase cars at preferential interest rates starting from 6.5% per year.
These preferential interest rates apply to new loans for individual and corporate customers in 2024 and last until December 31, 2024.
The business community will benefit from SHB’s new preferential loan interest rates
By participating in SHB’s loan package, customers not only enjoy preferential interest rates and simple procedures, but also borrow with a high credit limit based on diverse collateral assets, shorten document evaluation time, and disburse quickly. In addition, customers also receive many privileges and benefits such as: a SHB credit card with a credit limit of up to VND 200 million; a 2% reduction in interest rates for unsecured overdrafts for purposes of supplementing working capital; waiver or reduction of service fees (collection services, international payments, etc.); free Combo package for transaction accounts, preferential foreign exchange rates; attractive account numbers, etc.
“With the simultaneous reduction of interest rates for existing individual and corporate customer preferential loan packages, as well as an additional VND 5,000 billion credit for individuals during this period, SHB expects customers to continue to have access to cheap capital with simple procedures to promote production, business, and improve living standards in the current challenging economic situation”, emphasized the representative of SHB.
Earlier, in accordance with the instructions of the State Bank of Vietnam while demonstrating the role and responsibility of SHB in implementing the guidelines and policies of the Government, SHB has implemented several rounds of interest rate reductions up to 2.5% per year for existing individual and corporate customers with the goal of overcoming difficulties for the economy.
The bank has also successfully signed a series of international loans from large organizations such as the World Bank, Asian Development Bank, International Finance Corporation… for aid programs and investment with a total value of 26 ODA projects worth USD 2.6 billion; and long-term funding from international organizations of nearly USD 400 million to diversify its capital sources to meet the increasing credit needs of all customers for production and business activities.
To learn more about the special benefits, customers can contact the 24/7 Customer Support Center: *6688 or SHB branches and transaction offices nationwide.
