Facing the difficult situation of enterprises due to the impact of the Covid-19 epidemic, SHB continued to launch preferential credit programs to support enterprises to recover production, especially micro enterprises.
With the incentive program for micro businesses “Empowering business, outstanding success”, micro businesses (maximum tax revenue of 30 billion VND) will have the flexibility to choose suitable products. Business needs include: finance speed loans, invoice financing, non-secured loans and installment business loans.
In particular, the loan product for business installment will meet the medium-term loan needs of the business with a loan term of up to 60 months, the maximum loan amount of VND 5 billion, the sponsorship rate is up to 85% of the capital need, supporting enterprises to supplement working capital for production and business activities. With this product, customers are paid the principal periodically in accordance with the financial capacity of the business, interest is paid monthly according to the decreasing outstanding balance.
For super-speed loan financing package, micro business customers who need to supplement short-term working capital to expand and develop their business will be granted credit limits of up to 10 billion dong, with a term loan up to 12 months. The process and criteria are designed separately to minimize the credit extension time.
For the invoice financing package, microenterprise customers who have a need to borrow loans to collateralize their debt claims arising from domestic goods / service provision contracts will be lent by SHB up to 90% of the invoice value with collateral is the right to collect debt. Credit limit up to 3 billion VND and maximum loan term of 12 months.
For non-secured loan financing package, micro business customers who are currently borrowing loans at SHB will be able to borrow up to 3 billion dong, no need to pledge / mortgage collateral with the loan term up to 12 months.
In addition, SHB commits to quickly approving documents, consulting many financial solutions to suit business needs, supporting customers to use loans effectively and flexibly in procedures and documents and accelerate disbursement to facilitate and help customers quickly access loans.
Mr. Nguyen Van Le, General Director of SHB Bank, said “With its commitment to accompanying businesses especially in difficult times due to the impact of Covid-19 translation, SHB has deployed a series of credit packages with interest. Competitive productivity to support Micro SME.
In addition to financial solutions, SHB also strengthens businesses through many new ways, corporate financial advisory services, helps businesses find customers and output markets to increase business efficiency and repayment capacity, debt restructuring, corporate restructuring These solutions not only increase the credit quality of SHB in particular, but also help develop the economic sector of small and micro enterprises in Vietnam in general ”.
In recent years, in order to share and support businesses to overcome the crisis, respond to the Government’s call, under the direction of the State Bank, SHB has been implementing synchronously and effectively for for nationwide customers a credit package of 25,000 billion VND. Especially, the credit package of 2,500 billion VND gives support to customers in Quang Nam, Da Nang with many incentives on lending interest rates, banking service fees, especially reducing the minimum lending interest rate by 2% / year compared to interest rates; Exemption or reduction of interest rates, fees for old loans, minimum 2% preferential interest rate for existing SHB customers who have difficulty with translation.
In addition to the interest rate incentive packages, SHB continues to implement debt restructuring, debt rescheduling and debt group plans as well as interest and fee exemption and reduction options for customers facing difficulties due to the impact of services in accordance with the spirit of Circular 01/2020 / TT-NHNN to most comprehensive customer support.
SHB also waives the majority of customer transaction fees, adjusts to a minimum of 50% of transaction fees for payment via the Interbank Electronic Payment System, waives interbank money transfer fees and a variety of transaction fees; Free for customers transferring money to support Covid-19 Prevention Fund.
Source: vietnamfinance.vn – Translated by fintel.vn