This article is from the website www.dangcongsan.vn. This site is for the Vietnamese, the country has many people who are living in the poor situation. And this article is about the loans that can help them to have the opportunities to over the poverty to have a better life.
Detailed regulations about interest rate assistance for loans for poor people and beneficiaries in the Vietnam Bank for Social Policy (VBSP) have been released by the State Bank of Vietnam on July 16th.
All customers borrowing capital from VBSP will be assisted with interest rates for short, middle and long-term loans disbursed from May 1st to December 31st, 2009. In particular, the maximum duration for the loans an with an assisted interest rate is 24 months, from the day they are disbursed with the deadline for assisted interest rate being December 31st, 2009.
With this action, those with interest rates of more than 4 % per annum will be assisted with 4 percent per annum, based on the outstanding loan balance and the original loan duration.
For those with interest rates of under 4 % or 4 %, the assisted interest rate is the total interest rate of the loan capital which is based on the outstanding loan balance and the original loan duration (the loan interest rate of 0 percent.)
Detailed regulations about interest rate assistance for loans for poor people and beneficiaries in the Vietnam Bank for Social Policy (VBSP) have been released by the State Bank of Vietnam on July 16th.
All customers borrowing capital from VBSP will be assisted with interest rates for short, middle and long-term loans disbursed from May 1st to December 31st, 2009. In particular, the maximum duration for the loans an with an assisted interest rate is 24 months, from the day they are disbursed with the deadline for assisted interest rate being December 31st, 2009.
With this action, those with interest rates of more than 4 % per annum will be assisted with 4 percent per annum, based on the outstanding loan balance and the original loan duration.
For those with interest rates of under 4 % or 4 %, the assisted interest rate is the total interest rate of the loan capital which is based on the outstanding loan balance and the original loan duration (the loan interest rate of 0 percent.)