SeABank supports SMEs’ sustainable development by offering flexible financial access at year end

Huge capital source with competitive interest rates 

With the aim of unlocking credit flow to help import-export businesses seize opportunities for sustainable growth, SeABank offers a special loan package with a limit of up to VND 1,000 billion and US$ 100 million. The package comes with preferential interest rates from only 4%/year for USD loans and 5.2%/year for VND loans. These are extremely competitive to current interest rates offered by other banks in the market, helping businesses save costs of capital.

 

In addition to preferential interest rates for better capital access, the Bank also simplified the program conditions to bring about the maximum convenience for customers. Only by conducting import-export transactions at SeABank (i.e. international payments, collection, issuance of L/C) or using trade finance products, SMEs are eligible for SeABank’s preferential loans. The program is scheduled until January 31st, 2025 so that SMEs can proactively plan their finances during the year-end and new-year peak season.

Quick disbursement with flexible policies

Normally, disbursement speed and flexibility of financial packages are the key factors for SMEs to consider when finding a partner bank. Bearing that in mind, SeABank has optimized the credit granting process to support businesses with the quickest capital access. Import-export SMEs can borrow up to VND 5 billion without collateral. This is a breakthrough policy to help small businesses overcome financial barriers. Remarkably, with a deposit rate from only 0% when issuing L/C, the cash flow could be significantly freed up, enabling flexible production and operations.

 

In addition, SeABank provides a variety of credit options, including loans, discounts, overdrafts, credit cards and L/C issuance. Such a variety allows the Bank to meet financial needs of businesses.

An Assistant for Instant Capital Turnover 

Along with preferential loan packages, SeABank also implements various solutions to promote comprehensive growth for business customers. One of which is SeAMileage credit card – the pioneering co-branded card for corporate customers. This is suitable for SMEs as a flexible capital rotation tool thanks to a limit of VND 5 billion, interest-free period of up to 55 days, free annual fee for the first year, and 100% annual fee refund for supplementary card purchase. Holders of this powerful card also receive further practical incentive policies from SeABank and Vietnam Airlines when transacting such as: spending with bonus Golden Lotus miles; gifting Golden Lotus cards of Titan, Gold or Platinum class to business representatives when business card spending reach the corresponding level within specified time.

 

 

In addition, SeABank has a financing program for supply chain. This helps suppliers or distributors quickly access to capital via commercial contracts and/or sales invoices.

The Bank also offers a variety of credit options, including unsecured financing based on cash flow of customers’ bank accounts, or secured by debt claims from commercial contracts with reputable partners. These are the most practical and beneficial solutions for businesses who need continuous working capital without collateral barriers.

In addition, to promote sustainable development, SeABank also provides preferential interest rate loans to businesses having projects in sustainable fields such as renewable energy, green production, or to businesses having operating processes in line with international standards and general global trends.

Optimized processes, flexible policies

Complication of procedures is one of the major obstacles for SME capital access. To solve this, SeABank has simplified process and tailored service. As a result, corporate customers only need to prepare basic documents with the support of SeABank’s experienced financial experts. Meanwhile, the tailored service allows SeABank to customize financing plans according to specific demands, thus guaranteeing to deliver the most suitable solution for customers’ current business situation.

Throughout 30 years of establishment and development, SeABank has continuously improved financial products to provide comprehensive solutions for the whole business community in general and for SMEs in particular. This is not only an opportunity for businesses to overcome challenges, but also a buffer for stronger breakthrough in the upcoming year.