VISITORS
Press Release
Increasing the loan size for Disadvantaged Student Program
I. Target customers
Disadvantaged students attending to universities (or equivalent levels), colleges, technical schools and vocational training institutions established and operating under Vietnamese law, including:
1. Students who have lost their parents or have only lost their father or mother but the other cannot work.
2. Member of households that fall into one of the following categories:
- Poor households prescribed by law.
- Near-poor households prescribed by law.
- Households have an average standard of living prescribed by law.
3. Students are facing financial difficulties due to accidents, illness, natural disasters, fires, epidemics in the studying period, certified by the local People's.
II. Loan size and lending interest rate
1. Maximum loan size: VND 4 million/month/person
2. Lending interest rate: Being decided by Prime Minister from time to time. The current rate is 6.6%/year.
III. Loan term
Loan term = disbursement term + 12 months + repayment term
- Disbursement term: is the period from the first disbursement date until the last day of the course
- Repayment period:
+ For training programs with the period of up to one year, the maximum repayment period is equal to 2 times of the disbursement term.
+ For training programs over one year, the maximum repayment period is equal to the disbursement term.
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LENDING INTEREST RATE
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DEPOSIT INTEREST RATE
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