LPBank provides loans with preferential interest rates for micro-enterprises

DNHN - With the advantages of a large loan limit, competitive interest rates, and simple procedures, LPBank’s “Super Fast Loan - Business Acceleration” programme becomes a support for micro-enterprises to develop in 2024.

Micro-enterprises can easily access bank capital

In the period 2022 - 2030, the Small and Micro Business Community (One Business Connection - abbreviated as OBC) predicts that Vietnam will have about 2.4 million small and micro-enterprises. This is also the group of enterprises that account for a large proportion (over 60%) of the total number of enterprises operating in Vietnam.

Despite accounting for a high proportion, micro-enterprises are assessed as the most vulnerable business group in the economy, especially after the shock of the Covid-19 pandemic. The difficulty of this group of enterprises also comes from the limited opportunity to access loan capital. The main reason is that the majority of micro-enterprises start as self-employed, individual, or household businesses that open small shops, their business plans are not systematic, the enterprise’s financial resources are still limited, and the collateral is not enough to borrow large capital. In addition, many business owners are still hesitant because of high bank interest rates and complicated loan procedures.

The above difficulties and concerns of businesses are completely justified. However, recently, when the Government and the State Bank issued a Resolution to support businesses to adapt, recover quickly, and develop sustainably, many banks have paid special attention to building loan packages specifically for the micro-enterprise customer segment with extremely flexible mechanisms and many suitable incentives.

LPBank provides loans with preferential interest rates

Right in March 2024, when the economic market began to grow, it was also the time when businesses needed capital to carry out business activities, especially the group of micro-enterprises. Grasping the needs and desires to encourage and create favourable conditions for this group of customers to expand their scale and improve their business, LPBank has allocated a large source of funding through the “Super Fast Loan - Business Acceleration” programme.

Accordingly, the funding package that LPBank launches meets the diverse credit needs of businesses to serve production and business activities, including providing working capital loans to develop production and business, issuing bid bonds and other payment guarantees, issuing L/Cs; providing loans for investment in machinery and equipment; providing loans to buy cars for business purposes, transportation, travel; etc.

In particular, customers have the opportunity to disburse loans of up to 7 billion VND, with an attractive loan interest rate of only 6.5%/year, flexible loan terms of up to 12 months for working capital loans and up to 84 months for fixed asset investment loans, car purchase loans.

The highlight of this funding package is that LPBank builds and standardises a set of specific credit conditions for micro-enterprises in the form of “punching holes” with streamlined processes and procedures, quick disbursement, and timely response to the needs of businesses.

To access capital effectively, safely, and flexibly anywhere, businesses can contact LPBank’s branches/transaction offices nationwide for support. Or contact the hotline: 1800 57 77 58 / 02462 668 668.

Details of the programme Here

PV