According to a survey conducted at commercial banks in early November 2024, the current interest rate for home loans fluctuates between 4.6 - 9.5%/year. After the preferential period, the floating interest rate for old borrowers of most banks is up to over 11.7%/year.
In the group of commercial banks, Eximbank is offering the most preferential home loan rates with a fixed interest rate of 3.5%/year for the first 2 months; 7.5%/year for the next 22 months. Eximbank's floating interest rate is currently around 10-11%/year.
Next is HDBank with an interest rate of 3.5%/year fixed for the first 3 months; 5%/year fixed for the first 6 months; 6.5%/year fixed for the first 12 months; or 8%/year fixed for 2 years. After the preferential period, the interest rate will float with a margin of 4%, around 11%/year.
Home loan interest rates in November fluctuated little compared to the previous month. (Illustration photo).
At PVComBank, the real estate loan interest rate is fixed at 3.99% for the first 3 months, fixed at 5.99% for the first 6 months; 6.2% fixed for the first 12 months, 6.99% fixed for the first 18 months. After the preferential period, the floating interest rate will be calculated according to the formula (base interest rate + margin of 3.3%), at around 10-11%/year.
VPBank also has preferential interest rates of 4.6%/year fixed for 3 months; 5.9%/year fixed for 6 months. The interest rate margin after the preferential rate is 3.5%. Currently, VPBank 's floating interest rate is around 11%/year.
TPBank is also applying a fixed interest rate of 6.6%/year for the first 12 months; 7.1%/year fixed for the first 24 months; 7.6%/year fixed for the first 36 months. The current floating interest rate is around 11.4%/year.
Next, BVBank is applying home loan interest rates of 6.99% (first 6 months), 7.49% (first 9 months), 7.99% (first 12 months), 8.49% (first 18 months), 8.99% (first 24 months). BVBank's floating interest rate currently fluctuates between 10-11%/year.
This month, Techcombank applies a fixed interest rate of 5%/year for 3 months, 6.3%/year for 6 months, 6.7%/year for 12 months, 7%/year for 18 months, 7.5%/year for 24 months. After the preferential period, the floating interest rate will be calculated with a margin of 3.5%. At that time, Techcombank's floating interest rate will fall to around 10-11%/year.
At SHB, the fixed interest rate is 6.2% for 6 months; 7.6% for 12 months; 8.6% for 18 months; or 9.2% for 24 months. The interest rate margin after the promotion is 3%. Currently, SHB's floating interest rate is around 10%/year.
For the group of state-owned banks, the preferential interest rate for home loans at BIDV is currently 5.2%/year applied for the first 6 months or a fixed interest rate of 6%/year for the first 24 months. After the preferential interest rate, the home loan interest rate will float and be calculated as the 12-month mobilization interest rate plus a margin of 4%.
VietinBank has interest rate packages such as: Fixed 6%/year for the first 12 months; fixed 6.5%/year for 18 months, fixed 6.7%/year for the first 24 months, or fixed 8.2%/year for the first 36 months. Interest rate margin after promotion: 3.5%, currently VietinBank's floating interest rate is around 9%/year.
The interest rate package for home loans at Vietcombank is also quite attractive, specifically as follows: Only from 5.5%/year in the first 6 months for loans under 24 months, from 5.7%/year in the first 12 months for loans over 24 months, 6.5%/year fixed in the first 2 years; 8.5%/year fixed in the first 3 years. After the preferential period, it is calculated by Vietcombank's 12-month post-paid mobilization interest rate plus 3.5%, currently around 9%/year.
Agribank still maintains a fixed interest rate of 7%/year for the first 24 months. The interest rate will be lower when the borrower fixes it for the first 6 months: 6%/year fixed for the first 6 months; 6.5%/year fixed for the first 12 months (applied to loans with a minimum term of 3 years); or 7%/year fixed for the first 24 months (applied to loans with a minimum term of 5 years).
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