Preferential loan interest rates to support living needs
To meet increasing financial needs, Agribank has set aside 30,000 billion VND in this credit package for loans serving daily life.
The program is designed to maximize individual customers' access to capital, for diverse borrowing purposes such as spending, family living, business investment, and other financial needs.
Preferential short-term loan interest rates from only 4.5%/year, up to 1% lower than the normal interest rate. At the same time, for medium and long-term loans, the minimum fixed interest rate from 6%/year applied in the first phase has helped customers reduce financial pressure, easily access capital to serve essential needs or expand business, promote domestic consumption especially during the upcoming Lunar New Year.
With the above objectives, the program not only provides short-term financial support but also demonstrates a long-term strategy, contributing to stabilizing the macro economy, controlling inflation and promoting sustainable growth.
Helping individual customers overcome financial challenges
To support production and business and motivate domestic consumption, Agribank has allocated 70,000 billion VND in preferential loans in this credit package. The loan package focuses on individual customers and business households who need capital to invest and expand production activities.
With a scale of up to VND50,000 billion, the short-term loan program is designed to meet the quick working capital needs of individuals and small businesses. The preferential interest rate of only 4.5%/year with a loan term of 6 to 12 months is applied to help reduce financial pressure for borrowers, creating favorable conditions for them to focus on expanding production or purchasing necessary raw materials. Thanks to this program, individual customers can quickly rotate capital to serve production and business activities, especially to meet high demand during Tet, when the market needs a large amount of goods. This not only helps borrowers optimize cash flow but also promotes the consumption of domestic goods, supporting the domestic supply chain to operate more effectively.
In addition to the short-term loan program, Agribank also allocates VND20,000 billion for medium and long-term loans to support individual customers in implementing large investment plans or expanding long-term business operations. With preferential interest rates of only 6.0%/year for the first 6-12 months, this program helps reduce the burden of interest costs for customers in the early stages of project implementation.
The program is especially suitable for households and businesses that need capital to invest in new machinery and equipment or build infrastructure to serve production and business in order to realize long-term plans while creating the premise to improve product quality and increase competitiveness in the market.
“Green credit” - a step towards sustainable growth
With a pioneering role in promoting green growth and sustainable development, Agribank has set aside 10,000 billion VND to implement a preferential "Green Credit" loan program for individual customers with a lending interest rate floor of only 3.5%/year.
The program encourages and supports individual customers to implement green and environmentally friendly projects such as organic agricultural production, renewable energy, and clean technology. The special feature of this program is the preferential interest rate of only 3.5%/year, up to 1.5%/year lower than the normal interest rate. This is an important motivation for individual customers to boldly invest in green fields, which often require high initial costs.
The program also aims to reduce financial burdens, creating conditions for green projects to be implemented quickly and effectively. This not only promotes green growth in the short term but also opens up long-term opportunities for individuals to invest in sustainable areas, which are the green economy - one of the important globalization trends. Along with that, meeting the national sustainable development goals, the "Green Credit" program with a scale of 10,000 billion VND affirms Agribank's determination in implementing the country's sustainable development goals.
Also on the basis of implementing Directive No. 29/CT-TTg of Prime Minister Pham Minh Chinh, these credit packages are deployed with the aim of supporting people and businesses to overcome financial difficulties, stimulate domestic consumption and promote economic growth. Agribank's implementation of preferential credit packages of up to VND 110,000 billion from the beginning of 2025 is a financial solution and a strategic step to implement the Government's macroeconomic policies, clearly demonstrating the bank's commitment to accompanying customers on the journey of economic recovery and development. Agribank is not only a bank but also a strategic partner, making an important contribution to the country's development.
