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Banking & Finance

SeABank offers low interest loans for enterprises

Released at: 22:34, 10/06/2015

SeABank offers low interest loans for enterprises

Enterprise clients provided with a number of preferential credit deals.

by Hung Nguyen

The Southeast Asia Commercial Joint Stock Bank (SeABank) has introduced a promotion program entitled “Credit Incentives for Enterprise Clients in 2015”, with preferential interest rates on loans.

Enterprises borrowing in Vietnam Dong for short terms to supplement their working capital can access loans at 7.5 per cent per annum or 3.5 per cent per annum for similar USD loans.

SeABank will hold the program throughout 2015 for corporate clients in all sectors and industries around the country.

Clients who use SeABank’s Usance Payable At Sight (UPAS) Letter of Credit (L/C) will also have access to preferential interest rates of 3 per cent per annum.

New customers using the UPAS L/C will not have to pay service fees for the first year.

Apart from the credit promotion, customers who transfer money in Vietnam within SeABank system from 9am to 10 am on Tuesdays and Thursdays will also not be charged any service fees.

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