Banks continuously launch preferential loan packages, a "golden" opportunity to help young people settle down

Under the direction of the Government and the State Bank, many commercial banks have proactively adjusted lending rates and launched a series of preferential credit packages for residential real estate. This is expected to help people, especially young people, have the opportunity to own their dream home. From there, the real estate market in 2025 will also grow more positively.

According to statistics from market research organizations, in recent years, the demand for housing in Vietnam has been constantly increasing, especially among young customers. With rapid urbanization, young people increasingly want to settle down to stabilize their lives and develop their careers. However, apartment prices in big cities such as Hanoi and Ho Chi Minh City are still on the rise, with average prices ranging from 60-80 million VND/m². To own a 70m² apartment, buyers need 4-5 billion VND, a huge amount for most workers. This makes the need for home loans more urgent than ever.

Up to now, many commercial banks have proactively launched credit product packages with preferential interest rates, long loan terms, suitable limits and flexible repayment options. Typically, at Orient Commercial Bank ( OCB ), this bank is currently implementing a home loan package with interest rates starting from only 5.5%/year, loan terms up to 360 months and a maximum loan limit of 5 billion VND. In addition, OCB also has many policies to support customers throughout the loan process with a team of professional consultants who will help customers build an optimal financial plan, choose flexible repayment options according to actual income, and reduce financial pressure.

OCB offers home loan packages with interest rates starting from only 5.5%/year, loan term up to 360 months and maximum loan limit of 5 billion VND.

Mr. Minh (working in Hanoi) shared that he and his wife have long cherished the plan to buy a house and are currently using a preferential loan package at OCB to realize their desire to settle down. “My family plans to borrow 2 billion VND, accounting for more than 50% of the apartment value, with a preferential interest rate. In the context that real estate prices may continue to increase, this is a reasonable solution to help us soon own our own house,” Mr. Minh added.

According to the December 2024 customer survey by the One Mount Group Center for Market Research and Customer Insight, homebuyers' psychology is showing positive signs. Specifically, more than 80% of respondents expressed their need to own a home (an increase of 15% over the same period last year), of which 50% of customers are in the consideration stage and actively preparing for transactions in the period of 2025-2026.

“With positive signals from the financial market, this is considered an ideal time for us to boldly decide to buy a house. The implementation of attractive home loan packages from banks not only helps people realize their dream of settling down but also contributes to promoting the real estate market to flourish after the frozen period” - Ms. Lan Huong (an individual investor living and working in Ho Chi Minh City) shared.

Source: https://nhandan.vn/ngan-hang-lien-tuc-tung-goi-vay-uu-dai-co-hoi-vang-giup-nguoi-tre-an-cu-post870723.html