Many preferential loan packages for individual customers at NCB

Promoting consumer lending in the last months of the year

In accordance with the directives of the State Bank of Vietnam, financial institutions are executing various strategies to enhance public access to credit, including lending programs with several incentives. Examples include ACB offering a home loan package with interest rates starting at 8.5% per annum; HDBank providing a credit package of VND 10,000 billion aimed at workers in industrial parks; NCB presenting effective capital solutions tailored for young families, small traders, and business households; SHB delivering loan packages that support production, business, and consumption, with a limit of up to VND 6,000 billion, among others.

Numerous appealing credit packages, designed to address various borrowing requirements for personal and business purposes during year-end, have been recently introduced by National Citizen Commercial Joint Stock Bank (NCB), garnering significant interest from customers. The most notable offering is the loan package for purchasing, constructing, and renovating real estate, featuring interest rates starting at 5.49% per annum, with a maximum loan-to-value ratio of 85% of the collateral's worth.

This loan package offers customers a variety of favorable interest rates based on their borrowing strategy and individual financial circumstances. For short-term construction and repair loans at NCB, customers are required to pay an interest rate of 5.49% per annum for the initial three months. For extended loans, borrowers will get an interest rate of 7.49% per annum for the initial 12 months or 7.99% per annum for the first 24 months.

In addition to enhancing access to affordable capital for customers, NCB prioritizes the streamlining of the lending process, providing various flexible policies, such as long-term loans of up to 30 years and principal grace periods of up to 36 months. This alleviates the financial burden for customers during the initial years of loan implementation, facilitating the acquisition of a dream home and providing a comfortable living environment for families with constrained budgets.

At the same time, NCB released a refinancing loan package that made it easier for people to get money by speeding up the process and lowering the costs of paying off debt early at other banks. The bank will offer new loans with interest rates starting at 5.49% per annum to assist customers in settling all outstanding debts with their previous bank, with a maximum loan term equivalent to the remaining duration of the former loan. Clients may utilize collateral already mortgaged at the bank as security for a new loan at NCB, with a lending rate of up to 85% of the asset's value. Customers are granted a principal grace period of up to 24 months, flexible repayment plans, and priority in credit card issuance, accompanied by numerous appealing reward and discount offers.

Increasing access to capital for business households

Besides offering adaptable consumer loan packages, NCB delivers efficient capital solutions tailored for small traders and business households, addressing the requirements for production, market supply, peak season preparation at year-end, and establishing a foundation for the upcoming year.

NCB specifically assists customers with loans to enhance production and advance business, offering loan interest rates starting at 5.99% per annum, preferential terms of up to 5 months, and a complimentary early repayment policy for loans settled less than 30 days prior to the due date. This is seen as the best way to get money to help business households quickly increase their operating cash for short-term projects or to give people the confidence to start new businesses when they don't have enough capital.

Through varied, adaptable, and pragmatic credit policies, NCB is fulfilling its pledge to be a reliable partner for customers throughout all of life’s journeys. In the near future, the NCB announced it will persist in offering customized loan packages to meet the specific borrowing requirements of various customer segments, thereby enhancing financial advantages, maximizing cash flow for individual customers, and fostering overall economic growth.

For more detailed information about products and incentive programs, customers can visit the NCB website https://www.ncb-bank.vn/, contact NCB transaction offices/branches nationwide, or call the hotline at (028) 38 216 216 or 1800 6166.