HDBank leads the way in providing home loans for young people.

The "golden opportunity" for young people to own their dream home is opening up, as banks, including HDBank, are getting involved, offering loans for up to 50 years.

Báo Tuổi Trẻ•24/03/2025

HDBank leads the way in providing home loans for young people - Image 1.

The "golden opportunity" for young people to own their dream home is opening up, as banks step in to provide home loans - Photo: HDBank

Owning a home – a place to settle down, build a career, and secure a future – has always been a crucial goal for many young Vietnamese people. However, the reality is that real estate prices are constantly rising faster than incomes, making this dream increasingly difficult to achieve.

But now, the opportunity to buy a home has become clearer than ever. Thanks to the policy direction of the Government and the State Bank of Vietnam (SBV), and the strong involvement of many commercial banks, young people now have flexible financial options at their fingertips, with unprecedentedly low interest rates and long loan terms.

HDBank expands its preferential interest rate offers.

Immediately following the Government's Standing Committee meeting with banks in early 2025, the Prime Minister directed the State Bank of Vietnam and commercial banks to establish preferential credit packages to support young people under 35 years old in buying houses. The goal of this directive is to reduce lending interest rates, promote credit for social housing, and create conditions for young people to more easily access home ownership.

According to experts, expanding credit with reasonable interest rates will help increase people's ability to own homes, while stabilizing the real estate market and directing capital towards segments with real demand instead of speculation.

Speaking at a recent credit conference, Deputy Governor Dao Minh Tu said that the State Bank of Vietnam will flexibly use tools such as refinancing and participation in the interbank market to address capital needs.

When liquidity is secured, banks do not need to raise deposit interest rates to attract deposits – a basis for stabilizing medium- and long-term lending interest rates.

With a shift in policy direction, many banks have stepped in to implement home loan programs with attractive interest rates and long loan terms to better suit younger customers.

Currently, many leading banks in the market are offering home loan packages with preferential interest rates for young people. These loans have low interest rates and terms of 30 years or more. Notably, HDBank applies interest rates starting from 4.5% per year, with loan terms up to 50 years – the longest on the market today.

Through its implementation process, HDBank has recently expanded its offer with interest rates starting from just 3.5% for customers aged 18-35 borrowing to buy a house, with a loan term of up to 50 years and a maximum grace period of 5 years for principal repayment.

According to a representative from HDBank, the longer the loan term, the lower the monthly payment, significantly reducing financial pressure for borrowers. This is a crucial factor, especially for young people who are still in the process of accumulating assets.

"The golden time" for young people to own a home.

HDBank leads the way in providing home loans for young people - Photo 2.

According to experts, expanding credit with reasonable interest rates will help increase people's ability to own homes - Photo: HDBank

Besides supportive credit policies, preferential interest rates, and the prospect of stable, low rates, the current real estate market also has many favorable factors that encourage young people to confidently make the decision to buy a home.

According to Dr. Nguyen Van Dinh, Vice President of the Vietnam Real Estate Association, the real estate market is expected to enter a more stable and sustainable growth phase in 2025, with many opportunities for both investors and homebuyers.

The supply of real estate is expected to grow, especially in Hanoi and its satellite cities with approximately 3,000-7,000 units; and Ho Chi Minh City and its suburbs with around 8,000 units. Simultaneously, many developers are launching incentive programs, making it easier for customers to own a home.

Mr. Hoang Quoc Dung (29 years old, Ho Chi Minh City), a customer who just signed a home loan contract, shared: "My wife and I used to think it would take another 10 years to save enough money to buy a house. But with the long-term loan package, preferential interest rates, and grace period policy, we only need to pay about 7-8 million VND per month, which is within our means. Therefore, we determined this is an opportunity to realize our long-held goal."

With favorable conditions, now could be considered the best time in many years for young people planning to own a home to confidently realize their dreams.

To seize the opportunity, financial experts recommend that when taking out a home loan, customers should choose a suitable loan amount, carefully research interest rate policies, clearly define their actual housing needs, and assess their ability to repay.

Therefore, choosing the right bank and loan package is a key factor in helping young people own a home sooner and maintain financial stability in the long term.

Source: https://tuoitre.vn/hdbank-dan-dau-san-choi-cho-nguoi-tre-vay-mua-nha-20250324193708924.htm