The recent natural disaster caused extensive damage to property, homes, and economic activities in many localities. In response, VPBank launched an interest rate support program to help customers alleviate financial pressure and recover their lives and production.
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VPBank provides 1,000 billion VND in interest rate support to customers affected by floods and storms. *Photo: VPBank*. |
The program targets individual customers with mortgage loans at VPBank who are on the list of those impacted by floods and storms in 15 provinces and cities: Ninh Binh, Thai Nguyen, Cao Bang, Lang Son, Thanh Hoa, Da Nang, Nghe An, Ha Tinh, Quang Tri, Thua Thien Hue, Quang Ngai, Khanh Hoa, Gia Lai, Dak Lak, and Lam Dong.
The interest rate support varies based on the remaining loan term. For loans with over 12 months remaining, interest rates will be reduced by 1% for 6 consecutive months. Short-term loans, with up to 12 months remaining, will see a 0,5% reduction for 3 months. VPBank branches and transaction offices will proactively contact customers and guide them through the procedures to ensure quick access to support.
A VPBank representative stated that the bank views supporting residents through natural disasters as a social responsibility. "We expect this support package to help customers reduce their financial burden, stabilize their lives, and restore production", the representative shared.
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Ms. Pham Thi Nhung, a member of VPBank's board of directors, representing the bank, presents funds for home construction to affected households in Gia Lai. *Photo: VPBank*. |
The 1,000 billion VND interest rate support package is part of VPBank's ongoing social welfare activities. Previously, the bank provided 15 billion VND to assist households in Gia Lai with home repairs and new construction. It also contributed 30 billion VND to Nghe An and 10 billion VND to provinces in the Northern and Central regions for flood recovery, supplying essential goods, materials, and livelihood stabilization solutions.
VPBank stands as an established joint-stock commercial bank in Vietnam, consistently upholding a development philosophy rooted in social responsibility. Beyond its objectives of sustainable growth and financial ecosystem expansion, the bank has for many years implemented programs focused on education, healthcare, environmental protection, and emergency relief, aiming to enhance the quality of life for communities nationwide. In 2025 alone, VPBank's resources, along with contributions from its staff and partners, amounted to nearly 70 billion VND for social activities.
(Source: VPBank)
