The “Double Incentives – Prosperous Spring” program has been launched by SHB recently to facilitate customer’s credit access for important purposes such as house purchase or repair, or implementing business plans. The program is applicable until March 31, 2018 or until its credit limit is used up.

Medium and long term loans

• Interest rate is only from 8.5% per annum for a maximum of 12 months from the date of disbursement;
• Further reduction of 0.1% per year up to 3 months upon successful referral of new customers;
• After preferential period, margin is only 3.6%/year;

Short-term business loans

• Interest rate is only 8.5% p.a. for the entire drawdown term of a credit-line loan
• For a credit line loan, free early payment is allowed

Medium and long term loans

• Individual customers who apply loans for house purchase and repair, fixed assets investment, working capital supplement, other business and consumption purposes;
• Loan’s term is 12 months or more;

Short-term business loans

• Individual customers who apply loans for short-term business purposes;
• Loan’s term is 12 months or less