Lowest home loan interest rates ever: Which bank offers the best deals?

For young customers under 35 years old, many commercial banks are implementing preferential interest rate packages such as: TPBank has a preferential home loan package for people under 35 years old, only 3.6%/year fixed for the first 3 months.

Eximbank also launched the home loan package "Stable home - Secure future" Y-Rise Eximbank with preferential interest rates from only 3.68%/year, up to the first 36 months of each year for customers aged 22 - 35. The maximum loan term is up to 40 years, helping to reduce the burden of periodic debt repayment. In addition, the principal grace period is 7 years.

LPBank introduces a loan package with a scale of 5,000 billion VND, with a starting interest rate of only 3.88%/year in the first 3 months. Customers can borrow 100% of their capital needs, with a maximum loan term of 35 years and a principal grace period of 24 months.

From now until December 31, 2025, SHB will deploy a 16,000 billion VND loan package to serve the needs of home purchase with preferential interest rates from only 3.99%/year. Customers will be able to borrow up to 90% of the value of the property they intend to buy.

HDBank also launched a credit package of VND30,000 billion with a loan term of up to 50 years. The starting interest rate is 4.5%/year for the first 3 months, with a maximum loan of up to VND50 billion, disbursement of 90% of the value of the collateral and customers are given a principal grace period of up to 5 years.

Which bank has the most preferential home loan interest rate in June? (Illustration photo).

Similarly, MSB Bank also launched a preferential home loan package for young people with interest rates starting from only 4.5%/year - fixed for the first 6 months. Loan terms are up to 35 years with flexible principal repayment methods where interest and principal can be paid in a manner that suits the customer's financial capacity.

At the group of 4 state-owned banks, BIDV Bank launched a support package with an interest rate of 5.5%/year fixed for 3 years, a loan term of up to 40 years and especially no principal repayment within 5 years applied to a maximum amount of 5 billion VND/customer.

VietinBank officially launched the HomeJoy preferential loan package with interest rates starting from only 5.6%/year. HomeJoy lends up to 100% of capital needs, loan term up to 40 years and principal exemption up to 60 months.

Agribank offers a loan program with a fixed interest rate of 5.5%/year for the first 3 years. Customers can borrow up to 75% of their capital needs when mortgaging the assets created from the loan capital.

Vietcombank applies a loan interest rate of only 5.2%/year for the product "New successful house". Customers can use the assets formed from the loan capital as collateral for the loan with a loan support level of up to 70% of the house value.

For regular customers, home loan interest rates at many banks are also maintained at quite attractive levels. Currently, many banks offer loan interest rates of only 5-7%/year.

Some banks with attractive loan interest rates include: BVBank has launched a preferential home loan package with interest rates starting from only 5%/year, loan term up to 25 years. Specifically, with a loan term of 24 months or more, the preferential interest rate for the first period is 4.99% for 6 months, 5.99% for 9 months; 6.49% for 12 months, 7.49% for 18 months, and 7.9% for 24 months (applied for terms of 48 months or more).

Or VIB Bank applies an interest rate of 5.9%/year for the first 6 months, with a maximum loan term of up to 30 years. TPBank also has a preferential loan rate of 6.5%/year for the first 6 months, with a loan term of up to 25 years...

According to experts, home loan interest rates from banks are at their lowest ever, even lower than during the COVID-19 pandemic. The average lending rate is currently around 5-7%/year, 3-4 percentage points lower than at the beginning of 2020, corresponding to a reduction of 30-50% depending on the bank.

Ngoc Vy

Source: https://vtcnews.vn/lai-suat-cho-vay-mua-nha-thap-nhat-tu-truoc-den-nay-ngan-hang-nao-uu-dai-nhat-ar947674.html