News
08/04/2025
“What is the interest rate for a bank loan of 1 billion VND??" is a question many people ask when needing to borrow a large amount of money from a bank. The interest rate will be determined based on many factors such as loan purpose, loan term, customer liquidity, current financial market... For details on interest rates and monthly interest payments when borrowing 1 billion VND, read the article below.
The interest rate when borrowing from a bank an amount of 1 billion VND will be different, depending on each bank, usually ranging from 5.99 – 24%/year. This loan interest rate tvaries depending on the type of loan such as unsecured loan, mortgage or installment payment, interest rate incentives and loan term...
At NSoutheast Asia Commercial Joint Stock Bank SeABank, customers are provided with a variety of different loan packages for buying a house, car, studying abroad... with attractive interest rates. In addition, the bank also supports customers with long-term loans with simple procedures and flexible loan packages.
Case: Mr. Nguyen Van B borrowed 1,000,000,000 VND from the bank for a loan term of 5 years (60 months) with an expected interest rate of 6%/year.
Decreasing debt balance is a form of loan in which the debt amount will gradually decrease over time through regular debt payments according to a specific schedule.
To calculate the monthly payment amount according to the decreasing balance method, apply the following formula:
Thus, applied to Mr. B's case, the amount of debt Mr. B needs to pay monthly will be calculated as follows:
The above formula is applied to calculate the amount to be paid by Mr. B in the following months. Below is the table of principal and interest that Mr. B must pay each month for the first 6 months calculated according to the reducing balance method.
Note: Calculation results are for reference only.
If interest is calculated based on the principal balance, the monthly interest will be the same throughout the loan term and is calculated on the original principal amount.
To calculate the amount of interest that needs to be paid monthly according to the principal balance method, apply the following formula:
For example, in the case of Mr. B, when borrowing 1,000,000,000 VND for 5 years (60 months) with an interest rate of 6%/year:
Note: Calculation results are for reference only.
To borrow 1 billion VND at banks, you need to ensure the following conditions:
The interest rate when customers borrow 1 billion VND may vary, depending on the 4 important factors below:
Each bank will have its own regulations and policies on interest rates for each loan package and loan product, including loans with the amount of 1 billion VND.
Preferential interest rates for mortgage loans of 1 billion VND at banks usually range from 7% - 10%. After the preferential period ends, the interest rate may increase to about 10% to 12%, depending on the general financial situation in the market.
The interest rate will be adjusted differently based on the loan term that the customer chooses such as short-term, medium-term or long-term. Normally, interest rates for short-term or medium-term loans will be higher than for long-term loans.
Choosing to repay the loan by one of these two methods not only shows how to pay the debt but also affects the amount to be paid each month.
The reducing balance method usually helps you pay a lower interest amount over time, while the principal balance method creates interest stability throughout the loan term. You can consider your loan needs, financial capacity, loan term... to choose the most suitable repayment method.
Above is the answer to the question "What is the interest rate for a bank loan of 1 billion??” and detailed instructions on how to calculate interest by each method. If you have related questions or need a loan at SeABank Southeast Commercial Joint Stock Bank, you can contact the phone number. 1900 555 587 or visit website www.seabank.com.vn for specific advice.