SHB offers preferential USD loan interest rates from only 4.5%/year, exempts/reduces 66 types of fees for import-export businesses

SHB has launched a preferential USD interest rate program for import-export business customers with a scale of up to 50 million USD, interest rates from only 4.5%/year; at the same time, it exempts and reduces up to 66 types of service fees, and offers preferential foreign currency exchange rates.

Saigon - Hanoi Bank (SHB) is implementing a dual incentive program including credit and non-credit for customers operating in the import-export sector, to help businesses promote business, reduce costs, and maximize business efficiency.

From now until December 31, 2024, SHB will implement a USD interest rate incentive program exclusively for import-export enterprises with a scale of up to 50 million USD, with interest rates starting from only 4.5%/year. The customer application review process will be optimized, procedures will be streamlined and compliance with regulations will be ensured, helping to quickly disburse, meeting capital needs for business operations.

In addition to the preferential interest rate program, from now until June 30, 2025, SHB will waive/reduce 66 types of service fees for import-export business customers. Of which, for international payment services, the Bank will waive/reduce 33 types of fees, including exemption of all incoming international money transfer service fees, exemption of notification/inspection/cancellation of international payment transactions, exemption of bill of lading endorsement service fees, issuance of authorization to receive imported goods, etc.

At the same time, SHB also exempts/reduces 33 types of fees related to account services and electronic banking transactions such as interbank transfer fees, 24/7 express transfer fees, state budget payment service fees, text message service fees and foreign currency account transactions, etc.

The bank also offers attractive foreign currency transaction incentives of up to 150 exchange rate points for export enterprises, applicable to the following currencies: USD, EUR, GBP, JPY, KRW.

With SHB's outstanding dual incentive program, import-export enterprises can expand capital sources for business activities, promote international trade connections, and reduce financial costs. On SHB's technology platform, corporate financial transactions (cash flow management, supply chain management, payments, employee salaries, foreign currency sales, etc.) will be carried out smoothly, conveniently, and at any time via the SHB Corporate online digital channel, helping customers access a variety of suitable financial products and services, flexibly meeting their needs.

In addition to incentives specifically for import-export businesses, SHB is implementing a credit program of VND10,000 billion for production and business customers with interest rates from 5.8%/year and a credit package of VND1,000 billion for businesses with car loan needs with preferential interest rates also from 6.5%/year.

As one of the four largest private banks in Vietnam, SHB's credit focuses on production and business, priority areas, economic growth drivers, including import and export. SHB sets a strategic goal of becoming the TOP 1 Bank in terms of efficiency; the most favorite Digital Bank; the best Retail Bank and at the same time the TOP Bank providing capital, financial products and services to strategic private and state enterprise customers, with supply chains, value chains, ecosystems, and green development.

Originating from the Heart, SHB always accompanies, creates and spreads good values to the Vietnamese people.

PV