TPBank Prioritizes Interest Rate Reduction, Standing Alongside Flood-Affected Communities in Overcoming Challenges

In a timely effort to support communities grappling with the aftermath of devastating floods, TPBank has launched a special interest rate reduction policy exclusively for customers in the severely affected Northern and Central provinces of Vietnam. This initiative is effective immediately and will run until January 31, 2026.

The program targets individual customers with a total support limit of up to 2,000 billion VND, offering a reduction of up to 2% for six months. Eligibility extends to those directly impacted by the floods, such as individuals whose vehicles used for business were damaged, leading to income disruption. Additionally, customers experiencing a 70% or more income reduction are also considered for support under this policy.

Similarly, TPBank has extended its support to businesses severely affected by the floods. This policy applies to enterprises with damaged infrastructure or business assets, resulting in a 70% or more income decline. The total support limit for this program is also 2,000 billion VND. Of this, 800 billion VND is allocated for new loan disbursements, with a maximum interest rate reduction of 1% for up to three months, applicable to loans disbursed until January 31, 2026.

The remaining 1,200 billion VND is designated for existing loans, with a maximum interest rate reduction of 2%, fixed until March 31, 2026. Eligible loans include those with floating interest rates (adjusted every three months) or those that have completed their initial fixed-rate period. Additionally, the current interest rate must exceed 7% per annum for short-term loans and 9% per annum for medium to long-term loans.

A TPBank representative stated, “The floods have left behind immeasurable losses. We deeply understand the challenges faced by both individuals and businesses and are committed to standing by them through tangible actions. This interest rate reduction is not just a financial policy but a pledge of solidarity, aiming to restore confidence and help our communities rebuild their lives and livelihoods.”

Beyond financial support, TPBank demonstrates its social responsibility through immediate and practical actions. With a budget of nearly 6 billion VND, the “TPBank Stands with Flood-Affected Communities” program, led by the bank’s labor union, is actively being implemented in heavily impacted areas. This initiative underscores TPBank’s long-term commitment to community support, especially during the most challenging times.