Reduce preferential interest rates for social housing loans

Loans with credit contracts signed with the Vietnam Bank for Social Policies before October 10, 2025 will be adjusted to apply an interest rate of 5.4%/year.

Reducing preferential interest rates for social housing loans is a strong step in solving the housing problem for low-income people and ensuring social security.

On October 10, 2025, the Government issued Decree No. 261/2025/ND-CP amending and supplementing a number of articles of Decree No. 100/2024/ND-CP dated July 26, 2024 of the Government detailing a number of articles of the Housing Law on the development and management of social housing and Decree No. 192/2025/ND-CP dated July 1, 2025 of the Government detailing a number of articles and measures to implement Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly on piloting a number of specific mechanisms and policies for social housing development, effective from October 10, 2025.

Accordingly, the preferential loan interest rate for purchasing or leasing social housing; purchasing or leasing housing for the armed forces; constructing or renovating or repairing housing at the Vietnam Bank for Social Policies is officially regulated at 5.4%/year. In addition, for loans with credit contracts signed with the Vietnam Bank for Social Policies before October 10, 2025, the credit contract will be adjusted to apply an interest rate of 5.4%/year to the actual principal balance and overdue principal balance (if any).

Reducing the interest rate for preferential loans for social housing is a strong step, concretizing the determination of the Party and State in solving the housing problem for low-income people and ensuring social security. The regulation allowing adjustment of old loans also demonstrates humanity, fairness and encourages people to boldly borrow to buy social housing.

This new credit policy, combined with specific mechanisms on land and capital sources stipulated in Resolution 201/2025/QH15, creates a comprehensive support ecosystem, both removing difficulties in supply and increasing access to capital for home buyers.

At the press conference to inform the banking performance in the first 9 months of 2025, held in early October, the State Bank said that the preferential program for social housing loans under Resolution 33/NQ-CP of the Government and loans for young people under 35 years old to buy social housing has achieved certain results. Specifically, disbursement reached about 4,700 billion VND (up 66.2% compared to the end of 2024).

In addition, many commercial banks have proactively researched and immediately issued loan programs for people under 35 years old to buy houses. Four state-owned commercial banks alone have disbursed nearly VND19,335 billion.

In recent times, the Social Policy Bank system has actively coordinated with Party committees and authorities to review and synthesize the loan needs of the subjects; strengthen propaganda and dissemination of the social housing loan program to all people so that they can know and access it when needed. At the same time, organize training on the process, procedures, and loan documents for communes, organizations providing entrusted services, and Savings and Loan Groups; on that basis, conduct reviews and disburse loans to customers in need and eligible for loans, ensuring publicity and compliance with regulations.

For detailed information on the social housing loan program, customers please contact the nearest Social Policy Bank for instructions.

Social housing loan incentive program

The program aims to support subjects such as people with meritorious services to the revolution, relatives of martyrs who are eligible for housing improvement support according to the provisions of the Ordinance on preferential treatment for people with meritorious services to the revolution; low-income people in urban areas; workers and laborers working at enterprises, cooperatives, and cooperative unions inside and outside industrial zones; officers, professional soldiers, non-commissioned officers of the people's armed forces; defense workers and civil servants currently serving in the army, people working in cryptographic work, people working in other jobs in cryptographic organizations receiving salaries from the state budget; cadres, civil servants, public employees; poor and near-poor households in rural areas, urban areas, and rural areas in areas regularly affected by natural disasters and climate change.

The policy applies to loans for purchasing or hire-purchasing social housing; purchasing or hire-purchasing housing for the armed forces; or constructing/renovating or repairing housing. Total outstanding loans to date have reached over VND 19,526 billion with 50,328 customers with outstanding loans.

Source: https://baodautu.vn/giam-lai-suat-uu-dai-cho-vay-nha-o-xa-hoi-d414254.html