, Vietnam

Sacombank earmarks $48M soft loans for prioritized borrowers

Sacombank is earmarking one trillion dong or US$48 million for soft loans to agro-forestry andfisheries sectors until May 11, 2012.

 

The lending interest rate for the first month would be 12% per year with maximum loan term of 12 months.

For loans worth up to 500 million dong, Sacombank may not perform notarized mortgage contracts andregistration of secured transactions for real estate collateral.

The bank will also provide rural lending books instead of the loan contract so that after the expiry of loan, the borrowers can use this book to continue the loan within 36 months.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!