From May 20, 2019, TYM will reduce interest rates of some micro-loan products. This is the third time that TYM has lowered loan interest rates in the past 3 years.
Accordingly, interest rates of the following types of loans will be lowered from May 20, 2019, including short-term and medium-term loans:
- Short-term loans:
1/ Policy loan: decrease 0.02%/week (decrease 1%/year)
2/ Loan for near-poor households: decrease 0.02%/week (decrease 1%/year)
3/ Economic development loan: decrease 0.01%/tuần (decrease 0.5%/year)
- Medium-term loan:
4/ Construction loan: decrease 0.01%/tuần (decrease 0.5%/year)
It can be said that this interest rate reduction is a great effort of TYM to help many women have the opportunity to access loans at reasonable costs.