Students of Ho Chi Minh City National University can borrow 50 million VND/year without proof of income.

Photo: Ha Anh

Today (July 25), Ho Chi Minh City National University and Asia Commercial Joint Stock Bank signed an agreement to implement the program "ACB accompanies students of Ho Chi Minh City National University".

With a total limit of up to 50 billion VND, the program will be piloted in the 2025-2026 school year, applicable to full-time university students at member universities of Ho Chi Minh City National University.

Students can borrow up to 30 million VND/semester (up to 50 million VND/school year) without collateral. The approval conditions are transparent, the procedures are simple, and proof of income is not required.

Notably, students are allowed to borrow at a special preferential interest rate of 5.5%. During their studies, students only pay an interest rate of 2% per year. The difference of 3.5% is paid by the Ho Chi Minh City National University Development Fund from corporate sponsorship. After graduation, the bank applies a preferential base interest rate, updated periodically, without adding a margin.

The two units agreed on a risk-sharing mechanism for overdue debts, demonstrating the strong commitment and sustainable social responsibility of both parties in supporting learners.

Not stopping there, the program is not only for students in difficult circumstances but also for all students who want to be financially independent, contributing to training independence and improving personal financial management skills from an early age.

Previously, from the 2020-2021 school year, Ho Chi Minh City National University assigned the Ho Chi Minh City National University Development Fund to coordinate with banks to implement a 0% interest unsecured loan program for students studying at member schools, branches and affiliated faculties. The maximum loan amount from this program is not more than 20 million VND/semester.