June 8, 2023: LPBank continues package of 8 trillion VND for short-term production and business loans at interest from only 7.5% per cent a year

LPBank spent 8,000 billion VND to implement a short-term loan program for production and business purposes with preferential interest rates from only 7.5%/year, applied to retail and corporate customers.

LPBank developed a preferential program to reduce interest rates, worth of VND 3,000 billion VND used for corporate customers and 5,000 billion VND for retail customers.

Specifically, the lending interest rates applied to corporate customers started from 7.5%/year and to retail customers from 8.5%/year only. This was also one of the Bank’s timely policies to accompany the State Bank in supporting businesses in difficult time, especially those that needed short-term loans for the purposes of production and business.

In addition to reducing lending interest rates, the Bank also implemented many solution packages to offer flexible financial solutions to customers. LPBank had officially launched the product “Super-fast loans for production and business within 24 hours” from May 25, 2023.

The outstanding feature of this product was issuance of the credit approval notification within 24 hours. In particular, the requirements for documents and procedures were extremely simple and flexible. LPBank committed to proactively accompany with the Government, the State Bank and customers to overcome difficult times.

After 15 years of construction and development, LPBank has achieved important milestones on the journey to becoming a leading retail bank in Vietnam, maintaining its position as the Joint Stock Commercial Bank with the largest network of more than 1,200 transaction points nationwide.

In the period of 2023 – 2028, with clearly strategic direction of the Board of Directors, leadership, the spirit of solidarity of staffs for comprehensive transformation and the support of shareholders, partners, customers, LPBank is expected to begin a journey of outstanding development, bringing the best value and benefits to customers.