Eighty per cent of lease can be borrowed on lease contracts up to 60 months.
Vietnam International Bank (VIB) has introduced a promotional program with preferential interest rates for enterprises leasing new motor vehicles.
Rates are 7.15 per cent per annum for the first six months of the leasing contract and customers can borrow 80 per cent of leasing costs in a leasing contract with a maximum term of 60 months.
The program is in place from June 1 to November 30.
VIB also provides quicker loan processing, of 48 hours.
The program is to express the bank’s gratitude for the support from customers, according to Ms. Vuong Thi Huyen, Head of Wholesale Banking at VIB.
In order to attract new customers VIB has also set up a VND2.5 billion ($111,300) program rewarding those who introduce new customers to the bank, at a maximum of VND30 million ($1,335).