ATTRACTIVE INTEREST RATE FROM 4.7%/YEAR FOR BUSINESSES

Continuing to accompany customers on their business journey, Vietnam - Russia Joint Venture Bank (VRB) is implementing a VND loan program for corporate customers in 2024 with lending interest rate fro 4.7% only and many other incentives.

1. Objects: New corporate customers who do not have credit relationship at VRB at the time of loan request or who had credit relation at VRB and have completed credit obligations at VRB 01 year before the time of loan request.
2. Implementation conditions: Customers who are loaned under this program have to meet the loan conditions stated in current lending rRegulation of the State Bank of Vietnam and VRB. In addition, customers have to meet the following conditions:
- Customer have credit rating BBB or higher;
- Have been operated in 24 (twenty four) months and above;
- Customers having debt group 1, no debt group 2, bad debt at other financial institution within the last 24 months to the date of credit;
- Have clear purpose for loan, for the direct business activities of enterprises;
- Customers commit to transfer their revenue from operating activities (at least corresponding ratio of outstanding loans at VRB to total outstanding loans at credit institutions) to their account that held at VRB
- Customers are not subject to securities companies.
3. Loan currency: VND
4. Program scale: 500 billion VND
5. Loan security: Customers must carry out collateral pursuant to VRB’s current Regulation and documents updated, amended, replaced, and supplemented each period.
6. Interest rate: from 4.7%/year
7. Lending term: up to 5 months.
8. Effectiveness: until 31/12/2024 or until limit is reached, whichever comes first.

For more information, please contact hotline 18006656 (free) or contact the nearest branch and transaction office for support.