VIB offers fast-track loans for SMEs

15:54 | 20/07/2016 Economy

Vietnam International Bank (VIB) has launched a new campaign for fast-track loans to small- and medium-sized enterprises (SMEs) which may be approved within 48 hours of submission of all documents.

VIB offers fast-track loans for SMEs

Customers conduct transactions at VIB — VNS Photo

The programme is part of the bank's strategy to prioritise corporate loans and offer SMEs easy and flexible banking products to help them gain more business opportunities.

Accordingly, SMEs which need short-term loans for their production and business activities, can access VIB credit packages with a preferential interest rate. The firms can receive loans worth up to 80 per cent of their value of mortgage assets.

In order to facilitate corporate customers, VIB has also launched other outstanding banking services such as payment accounts, property insurance, online banking services and SMS banking. Corporate customers, who use one of these services, can enjoy preferential interest rates and get consultancy on suitable business solutions besides other attractive benefits and incentives.

"SMEs are our core customers. Therefore, we have focussed on developing products and services to best serve this customer segment," Vuong Thi Huyen, VIB's head of wholesale banking, said.

"We believe that the bank's fast-track loans will help SMEs expand their production and business activities, sharpen their capacities in current competitive business environment," she said./.

Source: VNS