Vietnam Bank for Social Policies’ 2017 Truck Loan Program

The Vietnam Bank for Social Policies (VBSP) launched several preferential loan programs in 2017, facilitating access to capital for citizens and promoting economic development. In particular, the truck purchase loan program has attracted significant interest, contributing to the growth of transportation and business activities.

VBSP’s 2017 Truck Loan Program: Key Highlights

The VBSP’s 2017 truck loan program was designed to support individuals and households needing to purchase trucks for production, business, and transportation purposes. Here are some key highlights:

• Preferential Interest Rates: Compared to commercial banks, VBSP typically offers lower interest rates on truck loans, reducing the financial burden on borrowers.
• Flexible Loan Terms: Customers can choose a loan term that suits their financial capabilities, up to a maximum of 72 months.
• Simple and Fast Procedures: VBSP has streamlined the loan application process, saving customers time and effort.
• Financing Up to 80% of Vehicle Value: This significant advantage reduces the initial capital required from borrowers.

Truck loan support

Eligible Borrowers for the Truck Loan Program

The VBSP’s 2017 truck loan program targets individuals and households who need to purchase trucks for production, business, and transportation purposes. Specifically:

• Individuals and households needing trucks for freight transportation.
• Individuals and households needing trucks for agricultural, forestry, or fishery production.
• Individuals and households needing trucks for service businesses (e.g., transporting construction materials, goods).

Required Documents for VBSP’s 2017 Truck Loan

To apply for a truck loan from VBSP in 2017, customers need to prepare a complete set of documents, including:

• Loan application form (according to VBSP’s template).
• Personal identification documents (ID card/Citizen Identity Card, household registration book).
• Documents proving the purpose of the loan (transportation contract, business license).
• Income verification documents (employment contract, salary statement, bank statement).
• Other documents (as required by VBSP).

Important Considerations for VBSP Truck Loans

• Choose the Right Truck: Consider your needs, financial capabilities, and operating conditions to select the appropriate truck.
• Understand Interest Rates and Fees: Before applying, thoroughly research interest rates, prepayment penalties, and other fees.
• Ensure Repayment Ability: Develop a clear repayment plan and ensure timely payments to avoid bad debt.
• Choose a Reputable Transaction Point: Opt for official VBSP transaction points for optimal advice and support.

VBSP 2017: Supporting Entrepreneurship

VBSP’s 2017 truck loan program has helped alleviate financial difficulties for individuals, stimulating production and business activities, and creating jobs.

Planning to start a trucking business? Contact VBSP for detailed information about this preferential loan program.

Frequently Asked Questions:

1. What is the maximum loan amount for a truck purchase?

VBSP can finance up to 80% of the truck’s value. The specific loan amount depends on your financial capabilities and the purpose of the loan.

2. What is the maximum loan term?

The maximum loan term for truck purchases is 72 months.

3. Is the loan application process complicated?

VBSP has simplified the loan application process; you only need to prepare a complete set of documents as instructed.

4. What is the current interest rate for truck loans?

VBSP’s interest rates for truck loans are generally lower than those of commercial banks.

5. Where can I contact for detailed advice?

You can contact the nearest VBSP branch or visit the bank’s official website for more information.

Learn More About Other Support Policies:

• Tiered Pricing Policy
• Fisheries Support Policy 2017

Need More Support?

Contact Hanoi Trucks immediately:

• Phone Number: 0968239999
• Email: [email protected]
• Address: No. TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi.

We are always ready to assist you 24/7!