A credit package of VND16,000 billion with an interest rate of 4.8% has been implemented to support businesses in supplementing working capital, serving production and business with quick approval time.

Saigon - Hanoi Bank (SHB) expanded the implementation of the program "Supporting loan capital - Long-term steady steps", increasing the scale from 11,000 billion VND to 16,000 billion VND, interest rate from 4.8%/year for enterprises in priority industries and fields such as: agriculture and forestry; construction; pharmaceuticals, medical equipment; consumer goods; electricity, telecommunications... to help supplement working capital, invest in production and business.

The credit program is designed by SHB to be "tailor-made" to suit the needs of each industry/segment of corporate customers, especially small and medium enterprises and micro enterprises.

For small and medium-sized enterprises, micro enterprises with revenue under 50 billion VND/year needing to meet the need for additional working capital, SHB focuses on designing loan packages with fast credit approval speed, within only 2 working hours from when the Bank collects and evaluates customer profiles. The limit SHB grants to customers is up to 10 billion VND, with a maximum loan term of 12 months. In particular, micro enterprises that need to borrow capital in the form of mortgage of debt claims formed from domestic goods/services purchase contracts can borrow up to 90% of the invoice value, with a credit limit of up to 3 billion VND.

With fast approval time and simplified application procedures while still ensuring compliance with regulations, businesses can access loans quickly and promptly to serve their production and business activities. The preferential program is implemented by SHB until September 2025.

Business customers not in priority sectors can borrow additional working capital with interest rates from 5.8%/year, and car loans with interest rates from 6.5%/year.

Recently, after storm No. 3 passed, SHB implemented a credit program of 2,000 billion VND, with an interest rate of only 4.5%/year with new loans for damaged corporate and individual customers in need of loans, helping to stabilize their lives and restore production after natural disasters.

According to SHB representative, the Bank is providing many loan packages designed to suit customers, accompanying businesses to overcome difficulties, supporting capital sources to serve production and business, and sustainable development. SHB is always proactive in pioneering activities to accompany and support businesses, especially small, medium and micro enterprises according to the orientation and direction of the Government and the State Bank.

In addition to interest rate support, the Bank also promotes digital transformation of products and services to improve customer experience, convenience and shorten transaction time. SHB Corporate Online - an electronic bank on a website platform helps businesses manage cash flow, revenue and pay bills for domestic and foreign partners. Continuing the development on the website, SHB continues to provide more "digital touch points" for corporate customers on the smartphone platform - SHB Corporate Mobile is designed with a completely new, streamlined interface with clearly illustrated functions, easy to operate and experience throughout all mobile devices. Customers can easily approve money transfer/transaction orders 24/7.

This is one of the important steps in SHB's orientation to upgrade the customer experience journey seamlessly in the digital environment.

To learn more about the program "Loan support - Long-term steady progress", customers can contact the 24/7 Customer Service Center: *6688 or SHB branches and transaction offices nationwide.

PV