Techcombank Launches Preferential Packaged Credit Solution

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) recently launched a flexible packaged credit solution with special interest preferences for the last three months of the year. The product, applied from December 12, 2011 to March 15, 2012, is expected to be an effective instrument for enterprises to boost up production and business operations, speed up construction progress and optimise profit.

 

With this package, construction companies will enjoy a lot of benefits. They can borrow up to 85 percent of export contract value at a preference interest rate of 5.7 percent. The procedures are quite simple (only need to present L/C, some required documents and a pledge to sell foreign currencies to Techcombank) and the time for disbursement is short. Besides, borrowers will be granted particular incentives like flexible asset guarantee, soft interest rates, etc.

 

In particular, borrowers will be cared by senior specialists, who have profound knowledge about construction industry.