Loan interest rate lower than 2% for young people to buy social housing

Specifically, according to Official Dispatch 4290/NHNN-TD issued on May 29, 2025, the State Bank requires 9 commercial banks, including: Vietnam Bank for Agriculture and Rural Development ( Agribank ), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank), Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Tien Phong Commercial Joint Stock Bank (TPBank) and Military Commercial Joint Stock Bank (MB) to implement preferential lending policies according to Resolution 33/NQ-CP on a number of solutions to remove obstacles and promote the safe, healthy and sustainable development of the real estate market.

In particular, the credit policy is specially designed for young people under 35 years old who want to buy social housing, with a more preferential interest rate than the general level. Specifically, in the first 5 years of borrowing capital from the first disbursement date, the applied loan interest rate is 2% lower than the average medium and long-term loan interest rate in VND of 4 state-owned commercial banks (Agribank, VietinBank, Vietcombank, BIDV ). The preferential interest rate applied until June 30, 2025 is 6.1%/year.

In the next 10 years, borrowers will enjoy an interest rate 1% lower than the average medium- and long-term lending rate of the four state-owned commercial banks mentioned above.

From July 1, 2025, the State Bank will periodically announce new preferential lending interest rates every 6 months, applicable to each subsequent phase of the program. The capital source for implementing the program will use capital from banks that have registered to participate in the program for lending to social housing, workers' housing, and renovation and reconstruction of old apartments according to Resolution 33/NQ-CP.

In addition, the State Bank requires commercial banks to urgently and synchronously deploy the program throughout the system from May 31, 2025, while promoting communication activities to ensure that people under the age of 35 understand, grasp information and register for loans at the right time.

This credit policy is a concrete step to support young people to have the opportunity to settle down, especially in the context of urban housing prices still high compared to the financial capacity of most young workers. At the same time, the implementation of the policy also contributes to promoting the social housing market, supporting sustainable urban development and in line with the socio-economic development orientation of the Government .

(VNA)

Source: https://baophuyen.vn/kinh-te/202506/cho-vay-lai-suat-thap-hon-2-doi-voi-nguoi-tre-mua-nha-o-xa-hoi-af41147/