The Decree clearly states that the interest rate support ensuring publicity, transparency, right objects, right purposes, avoiding policy profiteering.
The state budget shall fully and promptly allocate funds for commercial banks to implement, ensuring compliance with regulations and creating favorable conditions for customers.
Interest rate support from the state budget for loans of enterprises, cooperatives and business households. (Illustration image – Photo: Investment Newspaper)
Term and interest rate support
The term of interest support is calculated from the date of loan disbursement to the time when the customer pays off the loan principal or interest as agreed upon between the commercial bank and the customer, in line with the approved interest rate support funding source. notice, but not later than December 31, 2023.
The support interest rate is 2%/year, calculated on the loan balance and the actual interest rate support loan term is within the period specified above.
By the time of repayment of each interest payment term, the commercial bank shall reduce the amount of loan interest payable to the customer by the amount of loan interest eligible for interest rate support in the period according to the guidance of the State Bank of Vietnam. Male.
The interest rate support applies to interest payment obligations at interest payment terms that arise during the period from the effective date of this Decree (May 20, 2022) to May 20, 2022. December 31, 2023.
Commercial banks will stop supporting interest rates after December 31, 2023 or when the funding source (interest support limit) is announced, whichever comes first.
Conditions for interest rate support
The Decree stipulates the conditions for interest rate support as follows:
– The customer has requested interest rate support, meets the loan conditions in accordance with the current law on lending activities of credit institutions, foreign bank branches to customers.
– The loan with interest rate support is a loan in Vietnam dong, signed a loan agreement and disbursed in the period from January 1, 2022 to December 31, 2023, using the capital for the right purpose. purposes according to regulations and have not been supported by interest rates from the state budget according to other policies.
– The loan is not eligible for interest support in the following cases: Loans with overdue principal balance and/or late payment interest balance are not eligible for interest rate support for the interest payment obligation at the current period. interest payment due date which is within the period of overdue principal balance and/or late payment interest balance. The loan can only continue to receive interest support for the next interest payment terms after the customer has fully paid the overdue principal balance and/or the late payment interest balance.
– Loans with debt extension are not supported with interest for the debt extension period.
The Governor of the State Bank of Vietnam promulgates a Circular guiding commercial banks to implement interest rate support, which stipulates management methods to ensure that the total amount of interest rate support does not exceed VND 40,000 billion. .
at Blogtuan.info – Source: vtv.vn – Read the original article here