Following the direction of the State Bank to continue implementing solutions to support and remove difficulties for customers borrowing capital affected by Covid-19, from June 16, 2021, Agribank doubled the size of the preferential credit package for customers affected by Covid-19 to VND200,000 billion to support customers in overcoming difficulties, stabilizing production and business, and ensuring social security.

The customers eligible for the program are organizations and individuals borrowing capital affected by Covid-19, fully meeting the credit granting conditions according to current regulations of the State Bank and Agribank.

VND lending interest rate with incentives below 7%/year. Accordingly, depending on the subject and the level of impact of the epidemic, customers can access a reduced interest rate of 4.5%/year for short-term loans and 6.5%/year for medium and long-term loans, equivalent to 2 - 2.5% lower than the normal lending interest rate, for the same subject.

USD lending interest rate with incentives of 2%/year for short-term loans and 4.5%/year for medium and long-term loans. The maximum preferential lending interest rate application period is 6 months from the date of disbursement.

Agribank has implemented a preferential credit package of VND 100,000 billion to support customers affected by the Covid-19 epidemic since 2020, and to date, the disbursement has exceeded the initial scale of the program. To continue supporting customers to overcome difficulties in the face of the complicated developments of the Covid-19 epidemic, Agribank has added VND 100,000 billion to this preferential credit package (of which the loan scale in VND is VND 95,000 billion, the loan scale in USD (converted) is VND 5,000 billion).

Along with the program, Agribank is still implementing many other preferential credit programs with a scale of more than VND 70,000 billion for small and medium enterprises, large customers and FDI enterprises.

Recently, in order to overcome difficulties caused by the impact of the epidemic, Agribank has seriously and effectively implemented solutions to support customers to overcome difficulties and stabilize production and business such as: Restructuring principal and interest; Continuously reducing lending interest rates; Free domestic money transfers and support of more than 140 billion VND for Covid-19 prevention and control.…

Double the size of the preferential credit package of 100,000 billion VND, continuing to demonstrate the efforts, determination and responsibility of Agribank to accompany the Government and the community to proactively respond to the pandemic; in difficult conditions, always ready, ensuring capital sources for many customers and businesses to access and enjoy preferential loans from Agribank to effectively restore production and business.

The preferential credit program lasts until December 31, 2021 or until the program budget runs out, and is widely applied at 2,300 Agribank transaction points nationwide.

According to nongnghiep.vn