SeABank Spares VND2 Trillion to Lend SMEs

With the message "Catching credit flows", the programme will benefit companies operating in consumer goods, food, furniture, exported products, export-driven material production, pharmaceuticals, medical devices, electronics and telecommunications.

 

All businesses have the chance to borrow money at a preferential rate of 10.99 per cent per annum (one month of preferential rate for less than six-month loans and three months of preferential rate for over six-month loans). USD loans will be applied at 4.5 per cent per annum, with similar terms to Vietnamese dong loans.

 

Besides, SeABank has a lot of attractive incentives for corporate borrowers when they get the soft loans like free money transfer within 60 days dating from the date of receiving the loan paid to accounts opened by partners introduced to SeABank by such borrowers, free account opening fees, free annuity fee in the first year using SeANet e-bank services, and free account management fee in the first year.

 

Mr Le Quoc Long, Deputy General Director of SeABank, said: "Vietnamese companies usually need more capital for business activities, importation and stockpiling at the end of the year. However, impacts of global and domestic economic crisis poses enormous difficulties in finding consumption markets and seeking capital. With the VND2 trillion credit package and simple procedures, SeABank wishes to help SMEs to cope with cash-short problems at the end of the year to unfreeze capital flows and promote production and business activities".

 

Companies interested in the programme can contact SeABank transaction offices nationwide, visit the website www.seabank.com.vn or call general directory at 1800 555 587 (free of charge) to have free advice and support.