Actively accompanying the Government and the State Bank in supporting people and businesses to recover, recently, Saigon – Hanoi Commercial Joint Stock Bank (SHB) has simultaneously reduced interest rates of preferential loan packages to only 5.79%/year.

Specifically, for individual customers, the loan interest rate is adjusted, starting from only 6.39%/year for short-term loans and 5.79%/year for medium and long-term loans. Also, for the preferential home loan package, customers may enjoy disbursement incentives of up to 90% of the value of the purchased real estate, loan term up to 25 years, with preferential interest rate period and extended principal grace period up to 24 months. In particular, loyal customers who use different products and services of the Bank are entitled to an additional discount of up to 1%/year.

In addition, SHB also supplemented an amount of VND 5,000 billion to the loan package for customers, adding up to a total amount of VND 23,000 billion. This is a credit package in the program “Preferential loans – Prosperous year of Dragon” that the Bank has implemented since the end of January 2024 with a total initial budget of VND 18,000 billion to help people replenish capital for goods reserves and production to serve the market, as well as for spending…

For corporate customers, SHB launches a credit program with a scale of VND 10,000 billion for production with interest rates reduced by 5.8%/year and a credit package of VND 1,000 billion for businesses with demand for car loans with preferential interest rates starting only from 6.5%/year.

These preferential interest rates apply to new individual and corporate in 2024 and effective until December 31, 2024.

Participating in SHB’s loan package, customers shall not only benefit from preferential interest rates and simple procedures, but will also be elligible for high credit limits based on diverse collateral, shortened application review time, quick disbursement. In addition, customers also enjoy several privileges, such as:

SHB credit card limit up to VND 200 million; 2% reduction in interest rates for unsecured overdraft loans for the purpose of supplementing working capital; exemption or reduction of service fees (collection services, international payments…); Free current account combo package, preferential exchange rates for foreign currency trading, chosen number account, etc.

“With a massive reduction in interest rates on preferential loan packages, as well as an additional VND 5,000 billion in credit for individual customers during this period, SHB expects customers will continuously have access to low cost capital, simple procedures to promote production and improve living standards in the current challenging economic context,” SHB representative emphasized.

Previously, following the direction of the State Bank and demonstrating the role and responsibility in implementing the Government’s guidelines and operating policies, SHB has adopted many interest rate reductions up to 2.5% per year for individual customers and existing corporate customers with the goal of removing difficulties for the economy.

The Bank also repeatedly signed several facility agreements with large organizations, namely WB, ADB, IFC… in forms of grant and investment with 26 ODA projects totalled to over 2.6 billion USD; Medium and long-term capital borrowed from international organizations of nearly 400 million USD helps the Bank diversify its capital sources to meet the increasing credit demand of customers for production and business activities.

For more special offers, customers can contact the 24/7 Customer Care Center: *6688 or SHB branches and transaction offices nationwide.