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Updated: 2017-01-09 09:30:41

More than 14.4 billion dongs for student loans

The Phu Yen branch of VBSP has disbursed more than 14.4 billion dongs phase 2, to make loans for 2,880 students in the 2011-2012 school year. To date, the total account outstanding of students’ loan program in the province has reached nearly 495 billion dongs, accounting for 37.1% of the total gross debt of this bank.


As planned in 2012,  the Social Policy Bank, Phu Yen branch  will disburse 78 billion  dongs to make loans for disadvantaged students in the entire province, who are attending universities, colleges, professional secondary schools in the country to acquit the school fees, living expenses etc. Expectedly, 15,600 students will receive students loans, each can make a loan of  5 million dongs for each semester.

 

Source: Phu Yen Newspaper

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Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households
Lending to near poor households 7,92%/year

Students
Lending to disadvantaged students 6,6%/year

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DEPOSIT INTEREST RATE
Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
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