According to Official Letter 5312 of the State Bank, young people under 35 years old who borrow to buy social housing will enjoy a loan interest rate 2%/year lower than the average medium and long-term loan interest rate of 4 state-owned commercial banks ( Agribank , BIDV, Vietcombank, VietinBank) in the first 5 years of borrowing (from the first disbursement date).
The lending interest rate applied from July 1 to December 31 is 5.9%/year. In the next 10 years, the lending interest rate is 1%/year lower than the average Vietnamese Dong medium and long-term lending interest rate mentioned above.
This document of the State Bank stipulates the lending interest rates of commercial banks applicable to outstanding loans for customers investing in projects and buying houses in social housing projects, worker housing projects, and projects to renovate and rebuild old apartments from July 1 to December 31.
Specifically, the loan interest rate for customers buying houses at the project is 5.9%/year, the loan interest rate for customers of the project investor is 6.4%/year.
From July 1, the interest rate for loans for young people under 35 years old to buy social housing is only 5.9%/year (Photo: Tien Tuan).
Previously, the State Bank issued Official Dispatch No. 4290 to 9 banks including Agribank, VietinBank, Vietcombank, BIDV , HDBank, VPBank, Techcombank, TPBank, MB on lending to young people under 35 years old to buy social housing with interest rates 2%/year lower than the medium and long-term lending interest rates of 4 State-owned commercial banks.
Every 6 months, the State Bank will announce the preferential lending interest rates for commercial banks participating in the Program. The capital source for implementation is from the banks that have registered to participate.
Source: https://dantri.com.vn/kinh-doanh/lai-suat-cho-nguoi-duoi-35-tuoi-vay-mua-nha-o-xa-hoi-la-59nam-20250702125604818.htm
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