Preferential loan interest rate - Timely financial solution to support customers in flood-hit areas
For individual customers residing or having business locations in provinces and cities affected by Typhoon Yagi, BAC A BANK has launched a credit package of VND500 billion, helping people to quickly stabilize their lives and restore their businesses. The attractive point is that customers have the opportunity to access preferential capital to rebuild their lives after the storm and flood for many purposes: from investing in assets for production activities; planting and caring for industrial and agricultural crops, to consumer loans, buying cars, buying real estate or repairing houses...
If there is a need for medium and long-term loans, customers are supported with interest rates from only 4.9%/year; the maximum preferential period is up to 9 months. In addition, BAC A BANK also applies super competitive interest rates for short-term loans, with a margin of only 0.9%/year compared to the product base interest rate, helping people flexibly use capital according to their needs, promptly overcoming the consequences of property when the storm passes.
In parallel, for existing loans, depending on the level of damage caused by storm No. 3, BAC A BANK will apply appropriate support measures such as interest rate reduction, debt extension, debt restructuring, etc. Lasting from September 21, 2024 to March 21, 2025, with a limit of VND 500 billion, this preferential program demonstrates the bank's timely support and solidarity with individual customers and business households during difficult times.
For businesses and cooperatives affected by Typhoon Yagi that need additional capital to restore production and business activities, advance salary and labor costs, or invest in construction and repair of fixed assets, BAC A BANK reduces lending interest rates by 1.5%/year compared to current interest rates for new loans; and reduces up to 1%/year compared to interest rates currently applied to existing loans.
The credit package scale is up to 1,000 billion VND, the maximum loan amount is 100% of the plan, the grace period for principal and interest repayment for medium and long-term loans or construction investment plans, flexible loan forms and repayment methods... BAC A BANK's solutions are truly a great and practical source of support to help businesses stay strong after storms and floods. The program is implemented from September 20, 2024 to March 20, 2025.
Join hands and stand side by side with people to overcome difficult times
Previously, as soon as storm No. 3 passed, Bac A Commercial Joint Stock Bank quickly took actions to support people in the northern provinces who were seriously affected by storm Yagi, such as: Donating 2 billion VND to the Central Committee of the Vietnam Fatherland Front; Coordinating with TH Group, through the Fund for Vietnamese Stature, to donate 1 billion VND and 30,000 TH products to support people in Cao Bang province to overcome the consequences of natural disasters...
At the 30th Anniversary of the Bank's Establishment held in September 2024, BAC A BANK - through the Fatherland Front Committee of Nghe An province, donated 50 houses and 2 schools including: Phuc An Primary and Secondary School, Yen Binh District, Yen Bai Province and Na Leng School, Hung Dao Primary School for Ethnic Minorities, Nguyen Binh District, Cao Bang Province. This continues to be a practical support activity of BAC A BANK for people in flood-affected areas, working side by side with people to soon stabilize their lives and rebuild production and business activities.
Also in this Anniversary, BAC A BANK officially launched the Support for compatriots to overcome the consequences of Typhoon Yagi, calling on the entire system to join hands to help people in areas that suffered heavy damage. The tradition of mutual love and sharing difficulties with compatriots in natural disasters has been built and promoted since the first days of establishment, originating from the kindness of the leaders and generations of BAC A BANK staff.
With this preferential credit package and interest rate reduction policy, BAC A BANK expressed its desire to support individual and corporate customers to optimize costs, have more resources to overcome difficulties soon, and at the same time commit to responsibility to the community, contributing to spreading humanistic values, true to one of the five core values "For people" that the bank has persistently pursued throughout the past 30 years.
For more information about the program, please visit the website www.baca-bank.vn or Customer Care Center 1800588828.
