According to the Circular, a commercial bank may choose to provide interest subsidies to its borrowers using one of the following methods:
- Direct deduction of the subsidized loan interest from the loan interest payable by the borrower.
- Collection of the entire loan interest in a loan period and reimbursement of the subsidized loan interest on the same day.
In case loan interest in the loan period is collected after working hours of the commercial bank, the subsidized loan interest may be reimbursed on the next day.
Circular No. 03/2022/TT-NHNN of the State Bank of Vietnam comes into force from May 20, 2022.
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