Business loan interest rate is the fee incurred based on the loan payable to banks and financial institutions. The interest rate will be calculated based on the loan term, form, policy, risk level, financial situation and business reputation. So what factors affect business loan interest rates and loan interest rates at banks? Please refer to the article below.

Key factors affecting corporate loan interest rates

In today's volatile business environment, securing business capital is the most important concern for businesses. However, in order to have proactive capital plans, businesses also need to pay attention to factors that affect bank lending policies such as:

Banking policy: Each bank will have its own policy on business loan interest rates and may adjust interest rates over time to suit market conditions. The interest rate offered will be based on the policy, collateral, loan term and accompanying conditions of each loan package.

Industry specific: Depending on each industry, some industries due to their specific business risks, environmental pollution... will have higher interest rates than industries with potential for development and stability such as: Trade, FMCG, Agriculture, Healthcare...

General state policy: The State plays an important role in regulating interest rates for business loans. The prominent policies that often have a great influence are monetary policy, exchange rate policy, income policy, and budget balance. Depending on each time, the State will issue policies suitable for businesses.

Each bank will have its own policy on business loan interest rates.

Supply and demand of business loans: This factor depends on the business's borrowing needs and is also a factor that determines the loan interest rate. The difference in supply and demand in business borrowing will affect the bank's interest rate policy.

Inflation rate: When people see inflation trending up, most of them will mainly use money to reserve goods or other forms of assets such as foreign currency, gold, etc. This will reduce the supply of lending funds and put pressure on interest rates.

Budget deficit: When the budget deficit is high, the government will issue bonds to cover the deficit. When the supply of bonds increases, bond prices fall, leading to an increase in interest rates.

In addition to the above factors, interest rates are also influenced by economic development in Vietnam and the world; exchange rates; oil prices or fluctuations and changes in countries with the world's leading economies..

What are the preferential loan interest rates for corporate customers at banks?

Let's take a look at the interest rate comparison table at banks to see if there is any difference in interest rates. In particular, the comparison table will mention the short-term business loan interest rates updated by the end of the first quarter of 2024 of some banks as follows:

Bank	Mortgage Loan
SeABank	5.2%/year
Vietcombank	5.3%/year
BIDV	5.4%/year
Techcombank	6.51%/year
MBBank	5%/year
VPbank	6%/year
SHB	5.4%/year
ACB	6.6%/year

*Note: The comparison table of loan interest rates of banks is for reference only, actual interest rates may change depending on the policies of each bank at each period.

It can be seen that the interest rates between banks do not differ too much, however, the lower the interest rate, the stricter the loan approval conditions. To consider a reasonable loan, businesses need to carefully study the loan along with the interest rate and loan conditions to make the right choices.

SeABank - Credit solutions for SME businesses

If your business is looking for a bank that offers loans with attractive interest rates and many incentives, you can refer to SeAbank's loan packages. One of the typical banks that offers preferential loans for industry groups such as:Construction and installation sponsorship, car dealership sponsorship, food and medical equipment businesses sponsorship, seafood export businesses sponsorship, plastic manufacturing and trading businesses.......

This April, SeABank is implementing a number of preferential interest rate loan programs for businesses with import-export activities and women-owned businesses. Specifically:

SeABank launches preferential interest rate program for corporate customers

Enterprises with import and export activities: Since the beginning of 2024, Vietnam's import-export market has been bustling again with many industries such as automobiles, agricultural products, seafood, textiles, footwear... This is also an opportunity for SME enterprises with import-export activities to expand their scale and develop. Therefore, SeABank has launched an extremely preferential policy to fully and maximally meet the capital needs of SME enterprises with short-term loan interest rates from only 5.2%/year, medium and long term financing from only 8%/year. Simple and quick loan procedures help businesses reduce financial pressure and feel more confident in borrowing capital.

Women-owned businesses: With the desire to accompany "Female Generals" to create favorable conditions for business development, eliminating prejudices and limitations. SeABank has built a solution package specifically for female-owned businesses. Specifically, short-term loan interest rates for businesses are only from VND 5.2%/year, USD from 4.0%/year. Medium and long-term loan interest rates are only from 8.0%/year in the first 12 months. In addition to the above policies, SeAbank also accompanies and connects with "Female Generals" through the SeAPower Club, promising to provide comprehensive business care services as well as pioneering sustainable business development.

Conclusion

Choosing to borrow capital at SeABank, SME businesses are not only funded with preferential interest rates but also have convenient services with many outstanding incentives for businesses such as: import-export financing and guarantees, flexible deposit products, money transfer services, multi-utility international payments... With such an ecosystem, SeABank is confident that it is a bank with diverse solutions for businesses, especially businesses with import-export activities and businesses owned by women.