Implementing the direction of the Government and the Prime Minister, the State Bank has issued Official Dispatch No. 4290/NHNN-TD to 9 banks including: Vietnam 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, on lending to young people under 35 years old to buy social housing.
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| In June, young people borrowing to buy social housing enjoyed an interest rate of 6.1%/year. Photo: Ngoc Anh |
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 particular, lending to young people under 35 years old to buy social housing will be subject to more preferential lending policies.
Specifically, on the date of signing the loan agreement, customers borrowing capital to buy social housing under 35 years old will be applied a loan interest rate 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.
The lending interest rate is 1% lower than the average medium and long-term VND lending interest rate of 4 state-owned commercial banks Agribank, BIDV, Vietcombank and Vietinbank for the next 10 years of borrowing. “From July 1, 2025, every 6 months, the State Bank will announce the preferential lending interest rate for commercial banks participating in the Program,” according to information from the State Bank.
The operator also said that the capital used is capital from banks that have registered to participate in the program for lending to social housing, workers' housing, and renovating and rebuilding old apartments according to Resolution 33/NQ-CP.
The State Bank requested commercial banks to urgently deploy this throughout the system; at the same time, strengthen communication work so that eligible customers can fully grasp information and register for loans when needed.
Source: https://congthuong.vn/thang-6-nguoi-tre-vay-mua-nha-o-xa-hoi-huong-lai-suat-61nam-390632.html
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