Banks give the green light for loans for real estate purchases.

TPO - Amidst high interest rates on real estate loans and a strong restructuring phase in the property market, many commercial banks are shifting their capital towards customers buying homes for residential purposes, instead of focusing on speculative investors or project developers as in the past.

Many preferential credit packages are aimed at real homebuyers.

Recently, a number of banks have been continuously launching preferential credit packages to attract homebuyers, extending loan terms and increasing grace periods to reduce financial pressure on buyers.

PVcomBank is offering preferential loan packages for young families with interest rates starting from 5.99% per year and loan terms up to 35 years. MB is offering real estate purchase loan packages for high-end customers with limits up to VND 200 billion and interest rates starting from 9.5% per year.

Specifically for Vinhomes projects, MB Bank is implementing a home loan program with preferential interest rates of 10% per year for fixed terms of 18-24 months, and 10.5% per year for a 30-month term, while also allowing a grace period of up to 24 months for principal repayment.

Many banks are targeting loan packages for those who actually live in the property (photo: Loc Lien).

Meanwhile, BVBank is applying interest rates starting from 10% per year for a credit package worth 4,800 billion VND. KienlongBank and HDBank are also respectively launching loan packages with interest rates ranging from 9.1% to 10.9% per year, depending on the fixed term and customer group.

The preferential loan packages offered by banks in the current context are not the lowest interest rates. Previously, preferential home loan interest rates were only around 5-7% per year, but the application period was only 3-6 months. However, the current diversification of preferential periods, extension of loan terms, and relaxation of access to capital by banks are seen as solutions to help homebuyers reduce initial financial pressure.

A bank representative stated that personal home loan growth has been quite positive recently, thanks to the continued high demand for housing in major cities like Hanoi and Ho Chi Minh City. The majority of borrowers now are those buying for personal use or long-term asset accumulation, rather than short-term speculation as in previous cycles.

Credit is most effective when the supply of suitable housing increases.

At a recent real estate seminar, Dr. Can Van Luc, an economic expert, stated that as bank credit increasingly focuses on the demand for genuine housing purchases, the real estate market will enter a more sustainable development phase. However, for capital to be effectively utilized, it is necessary to simultaneously address the issues of supply, legal frameworks, and housing prices to create products that are affordable for the majority of the population.

Accordingly, Mr. Luc proposed several solutions to remove bottlenecks, increase supply, and promote the development of the real estate market in a more transparent, healthy, and sustainable direction.

According to Mr. Luc, first and foremost, it is necessary to continue improving the legal framework, focusing on amending and synchronizing the regulations of the Land Law, the Housing Law, and the Real Estate Business Law to increase supply and enhance the effectiveness of market regulation. At the same time, it is necessary to quickly put the National Housing Fund and investment trusts into operation to create additional financial resources for the real estate sector.

According to Mr. Luc, one of the major problems today is that real estate prices remain high, exceeding the affordability of most people. Therefore, along with rational credit management, more effective solutions to control real estate prices are needed. He predicts that real estate credit growth in 2026 could reach around 15% if the market continues to recover steadily.

Notably, this expert suggested focusing on developing apartment projects with areas of approximately 70-100m2 and prices ranging from 3 to 7 billion VND per unit, depending on the locality. This segment is considered suitable for people with incomes of 20-40 million VND per month, which currently account for a large proportion of the population in urban areas.

However, according to Mr. Luc, the most important thing to develop this housing segment is to remove legal bottlenecks for businesses. Currently, project implementation is still prolonged due to many overlapping procedures, causing businesses to lose more time and money, thereby increasing product prices.

"To increase supply and bring down housing prices, we must first improve the licensing process, simplify administrative procedures, and shorten project implementation time," Mr. Luc emphasized.

Source: https://tienphong.vn/ngan-hang-bat-den-xanh-cho-vay-mua-nha-o-thuc-post1844911.tpo