Customers please note: The content in the article is compiled from general market information and does not solely represent SeABank's products and services.

Bank loan interest rate is the fee rate of a loan that the borrower must pay to the bank during the period of using that loan. The loan interest rate will be agreed between the bank and the customer, this interest rate is in accordance with the law at the time of signing the bank loan contract.

Types of interest rates	Define
Preferential interest rates	- Low interest rates were initially offered by banks to attract customers to borrow money. - Has a specific term and will return to the normal interest rate after the term expires. => Customers save on initial loan costs.
Floating interest rate	- Interest rates change over time, increasing or decreasing depending on market fluctuations and bank policies. - Adjusted periodically every 3, 6 or 12 months. => Flexible, cost-effective, suitable for short-term loans.
Fixed interest rate	- A fixed interest rate that does not change throughout the loan term. - Not affected by market fluctuations. => Customers must pay interest on time.

1. Current bank consumer loan interest rates

Below is information related to SeaBank's current consumer loan interest rates:

Current bank consumer loan interest rate table

Form of interest rate loan	General interest rates for consumer loans in the market
Mortgage interest rate	5 - 18%/year
Unsecured loan interest rate	7 - 21%/year

* Note, this interest rate will be adjusted based on market fluctuations, depending on the loan package and specific time. For more information about SeABank loan interest rates, please contact KHCN hotline 1900 555 587/(024) 39448702 for the fastest and most accurate results.

*Please contact the consultant directly to know exactly how much the bank loan interest rate is*

SeABank's mortgage loan products include:

SeAHome - Loans for construction, new purchase, and home repair
SeAFlex - Consumer loans with collateral
SeACar - Car Loans

SeABank's unsecured loan products include:

Loans to civil servants, public employees, and teachers
Overdraft loans have no collateral
Loans to the Women's Union
Installment loans

* Note: For more information about specific interest rates for each SeABank loan package, please contact the KHCN hotline. 1900 555 587/(024) 39448702 for the most detailed, fast and accurate information.

2. Formula to calculate SeABank loan interest rate

SeABank applies two formulas to calculate loan interest rates as follows:

The interest calculation formula is based on the initial principal balance

How to calculate interest payable monthly according to the initial principal balance, which is the amount of interest each will be calculated based on the specific initial principal amount:

Monthly payment amount = Principal/loan period + monthly interest payment

For example: Initially, you take a consumer loan at SeABank for an amount of 120,000,000 VND for a period of 12 months, with an interest rate of 8.5% on the initial outstanding balance. The specific way to calculate interest is as follows:

Fixed monthly principal amount: 120,000,000/12 = 10,000,000 VND
Fixed monthly interest: 120,000,000 x (8.5/12) = 936,000 VND
Monthly payment amount: 10,000,000 + 936,000 = 10,936,000 VND

So the amount you will have to pay monthly to the bank including principal and interest is: 10,936,000 VND.

The formula for calculating interest is based on decreasing balance

With this calculation, interest will be calculated on the remaining debt balance after each payment period, specifically as follows:

Monthly payment amount = Principal divided equally by month + Interest calculated on remaining loan balance

In there:

First period interest = Loan amount x Fixed monthly interest rate/12
Interest in the following periods = Remaining principal x Fixed monthly interest rate/12

For example: You take a consumer loan at SeAbank for an amount of 120,00,000 VND with a term of 12 months, with an interest rate of 8.5%/year calculated based on Outstanding debt gradually decreases. The monthly interest payment is calculated as follows:

Amountn principal payable each period: 120,000,000/ 12 = 10,000,000 VND
Interest amount to be paid in the first month: 120,000,000 x (8.5/12) = 936,000 VND
First month's principal and interest payment: 10,000,000 + 936,000 = 10,936,000 VND
Interest amount to be paid the next 2nd month: (120,000,000 - 10,000,000) x (8.5/12) = 778,800 VND
Principal and interest paid in the second month: 10,000,000 + 778,800 = 10,788,800 VND

You apply the same formula to calculate the principal and interest you need to pay the next month.

Customers can choose one of two ways to calculate consumer loan interest rates

3. Current bank loan interest rates

In addition to paying the monthly interest rate as signed in the contract, customers will have to pay a number of additional costs when borrowing from banks, specifically as follows:

Unsecured consumer loans

CFees for filing documents and procedures: Is the fee the bank will collect for the purpose of completing paperwork and procedures for the borrower.
Premature settlement fee: This is a fee that customers will have to pay when they want to repay part or all of the bank loan before the contract term.

Mortgage consumer loan

Fees for filing documents and procedures: Is the fee the bank will collect for the purpose of completing paperwork and procedures for the borrower.
Collateral valuation fee: This is a fee the bank will collect to pay organizations and businesses to appraise the value of assets that customers use as collateral when mortgaging the bank.
Mortgage insurance fee: This is a fee to protect the customer's assets against possible unforeseen risks such as fire, natural disasters, explosions, theft... to ensure the rights of the borrower and the bank.
Early repayment fee: This is a fee that customers will have to pay when they want to repay part or all of the bank loan before the contract term.

*You need to save Some expenses must be paid before applying for credit.*

4. Incentives when borrowing at NSeABank line

SeABank has many preferential activities for customers with simple processes and procedures and competitive interest rates, providing a variety of loan packages to meet customer needs. Below are outstanding offers that you should not miss:

Simple procedures, competitive interest rates
High loan limit depending on loan type
Flexible loan term
Loan rate up to 75% of property value
Flexible documents proving income

In particular, SeABank also has preferential loan packages specifically for women including:

SeALady Card
Loan package for SeAWomen women's union
SeAPower Women's Club
Loan package for female-owned businesses

Above is useful information about loan interest rate SeABank line. When you need a loan, please contact Southeast Asia Commercial Joint Stock Bank (SeABank) hotline KHCN 1900 555 587/(024) 39448702 for advice and updates on the latest bank interest rate table.