In light of the devastating impact of Typhoon Yagi, which caused extensive flooding and flash floods, inflicting significant damage on the people and businesses in the Eastern and Northwestern regions, Military Commercial Joint Stock Bank (MB) has launched a special preferential loan package of up to VND 2,000 billion with a borrowing interest rate reduction of up to 1% per year for customers in need of capital from now until December 31, 2024. This initiative aims to provide affected individuals and businesses with accessible funds for rebuilding their lives post-disaster. The loan can be utilized for various purposes, such as home repairs, purchasing new furniture, fixing business premises, and additional capital for production stabilization and consumer loans to stabilize their lives.
MB launches a loan package for business premises repair and capital support for post-disaster reconstruction
Tailored production and business loan packages with attractive interest rates
Additionally, to support individual customers and households in expanding their scale and accelerating their year-end business, MB continuously develops and innovates practical policies and solutions to bring the best values and experiences to its customers.
Preferential loan package exclusively for individual and household customers with interest rates from 6.5%.
MB offers diverse credit packages suitable for various industries and regions, including cashew nuts, fish, agricultural and aquatic products, wholesale fruits and vegetables, and wood products. With preferential interest rates from 0.54%/month, equivalent to 6.5%/year, applied immediately from the disbursement, customers can borrow up to 90% of their capital needs.
Experience online borrowing on the MBBank App for maximum digital channel benefits
As a top-performing bank in terms of operational efficiency and risk management, MB has committed to implementing a comprehensive ESG strategy, adhering to international measurement standards, since 2023. This forms the foundation for sustainable development projects at MB and signifies the emergence of a new “green” generation in the bank’s subsequent growth phase. In every product and service, MB not only meets the increasing demands of its customers but also prioritizes the application of ESG criteria, positively impacting society and the economy. According to the bank’s management, nearly 90% of MB’s internal activities have gone paperless since 2021, and this figure has now reached almost 100%.
MB stands out for its online disbursement service via the MBBank App, providing utmost convenience to its customers. In addition to digital transformation in disbursement, MB focuses on minimizing resubmission of documents and shortening processing time with an automatic approval policy for loans based on customers’ transaction history with the bank.
Consequently, customers can easily access capital through the digital platform: register for loans entirely online, receive “super-fast” approval within 24 hours, and independently disburse funds via the MBBank App. When business cash flow becomes available, customers can proactively repay the debt to save on capital costs.
Since the end of 2023, MB has embarked on a digital lending journey, successfully approving loans for thousands of customers. Households and individual customers can choose loan packages according to their needs and conveniently apply for loans online at mbbank.com.vn. In 2024, MB pledges to continue optimizing and digitizing new journeys for the business segment.
MB staff providing consultation at the transaction counter.
Timely and convenient financial support
The credit package, “Super-fast Borrowing – Accelerating Business,” offers a swift and straightforward opportunity to access capital and serves as an efficient and timely financial solution for individuals and households at the end of 2024. With competitive interest rates and convenient disbursement procedures through digital platforms, MB facilitates customers’ access to and utilization of capital effectively, paving the way for sustainable development and growth amid the recovering economy.
Moreover, MB introduces multiple interest rateä¼˜æƒ programs, including loan packages for post-disaster life reconstruction, home-buying for young people (“MB Dream Home”), house swapping, land-use tax loans for changing land-use purposes, car loans, unsecured loans, and credit card issuance with a limit of up to VND 250 million. MB also offers lifetime waivers on account opening and money transfer fees on the MBBank App. MB not only offers preferential borrowing rates but also waives various transaction fees. As one of the leading banks in technological advancement, MB has entered the second phase of digital transformation, focusing on digital innovation.
MB believes that it will further motivate customers, enhance their competitiveness, and boost business growth in 2024.
For detailed information about MB’s promotional programs, please visit the website www.mbbank.com.vn or contact the hotline 1900545426.
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