People under 35 years old are eligible for preferential interest rate loans to buy social housing.
On June 3, the State Bank informed that, implementing the direction of the Government and the Prime Minister, the State Bank issued Official Dispatch No. 4290/NHNN-TD to 9 banks including: Agribank , VietinBank, Vietcombank, BIDV, HDBank, VPBank, Techcombank, TPBank and MB on lending to young people under 35 years old to buy social housing.
Accordingly, the State Bank requires commercial banks to continue to thoroughly grasp and promote the implementation of the Program for lending to social housing, workers' housing, and the renovation and reconstruction of old apartments according to Resolution 33/NQ-CP dated March 11, 2023 of the Government in accordance with the direction of the Government's Resolutions, Directives, Official Dispatches of the Prime Minister and Official Dispatches of the Governor of the State Bank; in which, for lending to young people under 35 years old to buy social housing, a more preferential lending policy is implemented.
Specifically, on the date of signing the loan agreement, customers borrowing capital to buy social housing under 35 years old will be applied the following interest rates: The loan interest rate is 02% lower than the average medium and long-term VND loan interest rate of 4 state-owned commercial banks Agribank, BIDV , Vietcombank and VietinBank in the first 5 years of borrowing capital (from the first disbursement date). The loan interest rate applied until June 30, 2025 is 6.1%/year; the loan interest rate is 01% lower than the average medium and long-term VND loan interest rate of 04 state-owned commercial banks Agribank, BIDV , Vietcombank and Vietinbank in the next 10 years of borrowing capital.
From July 1, 2025, every 6 months, the State Bank will announce the preferential lending interest rates for commercial banks participating in the Program.
Up to now, 9 commercial banks have registered to participate in the preferential loan program for social housing development with a total limit of 145,000 billion VND.
The State Bank requested commercial banks to urgently deploy this throughout the system from May 31, 2025, and at the same time, strengthen communication activities so that eligible customers can fully grasp information and register for loans when needed.
According to VNA
Source: https://baothanhhoa.vn/nguoi-duoi-35-tuoi-duoc-vay-lai-suat-uu-dai-mua-nha-o-xa-hoi-250859.htm
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