SeABank offers VND 2,000 billion for SME working capital finance at preferential rate of 10.99% p.a.

Conveyed with the message of "Credit flow waiting ahead", the VND 2,000 billion credit program to facilitate enterprises at the year-end time is a new privilege that SeABank offers to small and medium enterprises throughout the country operating in the business sectors that investment is encouraged, including consumer goods, food, household appliances, exported products, production and processing, domestic processing for export, pharmaceuticals and medical equipments, electronics and telecommunications.

All enterprises can get access to loans with attractive rate of 10.99% p.a (applied for the first month of loans with tenor of 6 months and below and for the first 3 months of loans of over 6 months). The interest rate of 4.5% p.a will be applicable to loans in USD with similar conditions.

Besides, SeABank has many other wonderful privileges for enterprises along with the program:

-          Free domestic transfer within 60 days since the first disbursement to pay to accounts of customer’s partners at SeABank.

-          Free to open corporate account

-          Free annual fee for the first year to use the Electronic Banking Service SeANet for enterprises.

-          Free account management for the first year.

Mr. Le Quoc Long – Deputy General Director of SeABank says: “Year-end time is when Vietnamese enterprises need more capital for their business, import, inventory, etc. However, due to the impact of domestic and global economic crisis, Vietnamese enterprises face many difficulties in finding outlet for products, and capital mobilization, etc. With the VND 2000 billion credit package, SeABank intends to create the most favorable conditions, simplify procedures so that customers can have easy access to credit and tackle the problem of capital  shortage for small and medium businesses at the end of the year, in order to ease credit flow and promote production and business activities of enterprises".