Agribank allocates 10,000 billion VND in preferential capital to buy social housing for young people

(Dan Tri) - The program provides loans with preferential interest rates and flexible mechanisms, creating a stable foundation for young people to settle down, start a business and develop long-term.

In the context of housing becoming an urgent need but difficult to access for young people with low- and middle-income, especially in large cities, the Government, the Prime Minister and the State Bank have issued many policies to support people under 35 years old to have the opportunity to access social housing at reasonable costs. Pioneering in realizing that direction, Agribank has proactively implemented a preferential credit program of up to 10,000 billion VND, exclusively for young people who want to buy social housing.

Preferential policies bring housing opportunities to the young generation

In the spirit of concretizing the direction of the State Bank, Agribank's preferential credit program is implemented for loans disbursed in the period from May 30, 2025 to December 31, 2030 (or until the capital source is exhausted). The preferential subjects are individual customers under 35 years old who need to borrow capital to buy social housing in legal projects, announced by the Ministry of Construction or the People's Committee of the province or city.

In addition to transparency in terms, the highlight of the program is the preferential interest rate policy designed to optimize the borrower's ability to pay in the long term. The maximum preferential interest rate period is 15 years from the date of disbursement.

Specifically, in the first 5 years from the date of disbursement, the lending interest rate is 2% lower than the average medium and long-term lending interest rate in VND of 4 state-owned commercial banks including Agribank, BIDV , Vietcombank and VietinBank. Particularly from now until June 30, 2025, the applicable interest rate is 6.1%/year.

In the next 10 years, borrowers will continue to enjoy interest rates 1% lower than the average of the above group of State-owned commercial banks.

Along with that, starting from July 1, the State Bank will periodically announce new preferential interest rates every 6 months, ensuring that public information and policies are always consistent with macroeconomic conditions and market trends.

To ensure fairness and the program's objectives, each customer (or spouse) can only borrow once to buy an apartment in the approved project list. As long as they simultaneously meet the normal loan conditions according to Agribank's internal regulations and belong to the group eligible for social housing support policies according to current laws, young customers can borrow preferential loans from Agribank to realize their dream of settling down.

Agribank's incentives help young customers realize their dream of settling down.

Pioneering in realizing community goals

With a strategic vision and high social responsibility, Agribank quickly grasped the situation and implemented a special preferential credit program for people under 35 years old to buy social housing, strongly responding to the Government's policy and the State Bank's instructions on social housing development, opening up housing opportunities for millions of young people across the country.

From a socio-economic perspective, Agribank's preferential credit policy simultaneously stimulates the demand for social housing, contributing to promoting the low-cost real estate market. Socially, with preferential interest rates compared to the general level, it will provide practical support for young families to maintain their ability to pay, contributing to reducing financial pressure, thereby creating conditions to focus on investing in education and developing the private economy.

Agribank's preferential loan program for young people to buy social housing is a clear demonstration of the role and efforts of the State-owned commercial bank in pioneering, seriously and proactively implementing the policies of the Party, Government and State Bank, contributing to realizing the goals of economic development, social security and improving the quality of life for the people, creating a driving force to promote growth and sustainable development of the country in the next stages.

Source: https://dantri.com.vn/kinh-doanh/agribank-danh-10000-ty-dong-von-uu-dai-mua-nha-o-xa-hoi-cho-nguoi-tre-20250606170407491.htm