VPBank Lends 90 Pct of Guaranteed Property Value

5:04:13 PM | 8/14/2014

Persistently pursuing the objective of providing maximum supports for enterprise development, especially small and medium enterprises (SMEs), Vietnam Prosperity Bank (VPBank) has launched a property-guaranteed loan called ‘SME Business Financing’ with particularly attractive incentives for borrowers.
With real estate as collateral, SMEs can borrow up to VND20 billion in 25 years to purchase fixed assets or finance business projects. The loan value may reach 90 percent of the warranty.
With simple procedures and quick appraisal time (48 hours at most) and flexible borrowing purposes, SME Business Financing has received very positive feedbacks from SMEs. So far, VPBank has lent up to VND1,000 billion to 300 SMEs.