Specifically, customers borrowing capital to buy social housing under 35 years old are applied a loan interest rate 0.2% 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.
In the next 10 years of borrowing, the lending interest rate is 0.1% lower than the average VND medium and long-term lending interest rate of 4 state-owned commercial banks Agribank, BIDV , Vietcombank and Vietinbank.
From July 1, 2025, every 6 months, the State Bank will announce the preferential lending interest rates for commercial banks participating in the program.
People under 35 years old who borrow to buy social housing will receive preferential interest rates for 15 years. (Illustration photo).
The State Bank requested commercial banks to urgently deploy the program throughout the system from May 31, while strengthening communication activities so that eligible customers can fully grasp information and register for loans when needed.
According to Deputy Governor of the State Bank Pham Thanh Ha, there are 9 commercial banks registered to participate in the preferential loan program for social housing development with a total limit of 145,000 billion VND, including: Bank for Agriculture and Rural Development; Vietnam Joint Stock Commercial Bank for Industry and Trade; Vietnam Joint Stock Commercial Bank for Foreign Trade; Vietnam Joint Stock Commercial Bank for Investment and Development; Ho Chi Minh City Development Joint Stock Commercial Bank; Vietnam Prosperity Joint Stock Commercial Bank; Vietnam Technological and Commercial Joint Stock Bank; Tien Phong Joint Stock Commercial Bank; Military Joint Stock Commercial Bank.
The State Bank has continuously directed credit institutions to cut costs, apply information technology and other management measures to lower interest rates. Since the program was implemented, the State Bank has announced five times to adjust interest rates in a downward direction.
Currently, lending interest rates have dropped to 6.6%/year for investors and 6.1%/year for home buyers.
As of April 30, 38/63 provincial and municipal People’s Committees have sent documents or announced a list of social housing projects participating in the program. A total of about 100 projects nationwide have been included in the list.
Commercial banks have committed to providing credit of about VND7,800 billion for these projects, with disbursement reaching VND3,866 billion. Of which, the portion provided to investors is VND3,281 billion and the portion for home buyers is VND585 billion.
Source: https://vtcnews.vn/nguoi-duoi-35-tuoi-vay-mua-nha-o-xa-hoi-duoc-uu-dai-lai-suat-15-nam-ar946819.html
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