Which bank has the lowest home loan interest rate today?

However, MSB only fixes this interest rate for the first 3 months. From the 4th month onwards, the bank will apply a floating interest rate according to the market interest rate.

Next is Vietnam Public Joint Stock Commercial Bank (PVcomBank) with a home loan interest rate of 5%/year and TPBank with 5.9%. However, PVcomBank's preferential interest rate of 5%/year is only applied in the first 6 months, from the 7th month, a floating interest rate of 12%/year will be applied.

The lowest home loan interest rate currently belongs to Vietnam Maritime Commercial Joint Stock Bank (MSB) at 4.99%/year.

With quite low interest rates from 6-7%/year, banks such as: Eximbank (6.5%/year), Standard Chartered (6.45%/year), OCB (6.99%/year)...

According to records, in early March 2022, many banks adjusted lending interest rates down from 0.5 - 3%/year.

Agribank has introduced a policy to reduce home loan interest rates for a number of subjects. Specifically, loans for real estate business purposes as of January 31, 2023 that are affected by the COVID-19 pandemic will be considered for a maximum interest rate reduction of 3%/year compared to the old interest rate. The maximum adjustment period is until the end of this year and will be applied from January 31, 2023 to December 31, 2024.

VietinBank announced a VND10,000 billion loan package for small and medium-sized enterprises operating in the first 6 months of 2023, with a loan interest rate from 7%/year, applied for a 6-month loan term.

BIDV Bank has launched a VND100,000 billion credit package for customers borrowing to serve their living and production and business needs, including home loans, with interest rates starting at 10.3%/year for the first 12 months from the time of first disbursement; or from 10.9%/year for the first 18 months from the time of first disbursement. At the same time, there is an additional reduction of 0.2-0.4% for customers who pay their salaries through BIDV or customers in certain localities.

Not only the “big guys” in the industry, the trend of reducing lending interest rates has also spread to some joint stock commercial banks. For example, MBBank adjusted its lending interest rate from only 8.5%/year. Banks such as Techcombank, Sacombank, SeABank, Ban Viet… also launched credit packages with preferential interest rates reduced by 1-2 percentage points compared to the normal interest rate.

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Source: https://vtc.vn/ngan-hang-nao-co-lai-vay-mua-nha-thap-nhat-hien-nay-ar745725.html