This Decision stipulates interest rates for loans from the national fund for job creation with different interest rates depending on the loan term. The interest rate is used to cover management costs and supplement the national fund. This Decision is uniformly applied nationwide.
适用范围
borrowing from the national fund for job creation.
要点
- borrowing → is provided with interest rates: 1.2% per month (loan term < 12 months), 0.9% per month (12-24 months), 0.6% per month (24-36 months).
- Overdue interest rate → is 150% of the aforementioned basic interest rate.
- Management costs, lending, recovery of borrowed funds, and reporting information of the State Treasury system are covered from 0.6% of the interest rate.
- Loan interest → shall not be capitalized.
- Any additional charges when lending and collecting debts are strictly prohibited.
🌐 本文件的社会影响
- Positive impact: Helps reduce financial burdens for borrowers, encourages small projects to create jobs.
- Negative impact: May limit the number of loans due to management costs being covered from the interest rate.
❓ 常见问题
What are the interest rates for loans from the national fund for job creation?
Interest rates for loans from the national fund for job creation are stipulated as follows: 1.2% per month (loan term < 12 months), 0.9% per month (12-24 months), 0.6% per month (24-36 months).
How is the overdue interest rate stipulated?
The overdue interest rate is stipulated at 150% of the aforementioned basic interest rate.
Where are the management costs, lending, recovery of borrowed funds, and reporting information of the State Treasury system covered from?
These costs are covered from 0.6% of the interest rate.
What are the obligations of the borrower?
The borrower shall not charge any additional fees when lending and collecting debts.
When does this Decision take effect?
This Decision takes effect from the date of issuance.
全文
Number: 370/QD-LD
Hanoi, August 31, 1992
On interest rates for loans from the national fund for job creation
Pursuant to …;
Pursuant to Circular No. 10/TT-LB dated July 24, 1992 of the Joint Ministries of Labor, Invalids and Social Affairs, Finance, and the National Planning Committee guiding the loan policy for small projects addressing employment as per Decision No. 120-HĐBT dated April 11, 1992 of the Council of Ministers.
______________________
Interest rates for loans from the National Fund for Job Creation under approved small projects are stipulated as follows:
- A rate of 1.2% per month for loans with terms up to 12 months.
- A rate of 0.9% per month for loans with terms over 12 months but not exceeding 24 months.
DECISION:
Article 1. - - A rate of 0.6% per month for loans with terms over 24 months but not exceeding 36 months.
- The overdue interest rate is set at 150% of the aforementioned basic interest rate.
Within each interest rate above, 0.6% is allocated to cover management costs, loan disbursement, recovery of loaned capital, and information reporting by the State Treasury system; the remainder will be supplemented to the National Fund for Job Creation. Loan interest is calculated on the principal without compounding.
These interest rates apply uniformly nationwide and directly to borrowers. Any additional charges beyond these rates when disbursing loans or collecting debts are strictly prohibited.
- To ensure the State Treasury has operating funds for lending in the first year before interest income is generated, the Joint Ministries will temporarily allocate funds from the National Fund for Job Creation to the State Treasury.
This Decision takes effect from the date of issuance. The Director of the State Treasury shall be responsible for guiding and implementing this Decision.
Article 2. - NATIONAL PLANNING COMMITTEE
Article 3. - In order for the State Treasury to have operating funds for lending in the first year before interest income is collected, the Joint Ministries will temporarily allocate funds from the National Employment Resolution Fund to the State Treasury.
Article 4. - This Decision shall take effect from the date of signature. The Director of the State Treasury shall be responsible for guiding and implementing this Decision.
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