gradual recovery
In the context of the real estate market gradually recovering after a period of stagnation, real estate lending activities at commercial banks recorded positive growth in the first quarter of 2025. Techcombank 's outstanding home loans (individuals) in the first quarter of 2025 increased by 2% over the same period. Meanwhile, the outstanding real estate loans of the corporate customer group (including corporate bonds) increased by 12% over the same period, up 13% since the beginning of the year.
Techcombank is the bank with the largest outstanding real estate loans, reaching VND214,783 billion by the end of the first quarter of 2025, an increase of 14.8% compared to the end of the previous year. Notably, this segment accounts for 33.9% of Techcombank's total outstanding loans. This is also the bank with the highest proportion of real estate loans in the system, reaching 61% in the first quarter of 2025; if including the construction and construction materials segment, it accounts for up to 72% of the total outstanding loans.
ACB General Director, Mr. Tu Tien Phat said, with the preferential interest rate home purchase credit package for young customers buying their first home, interest rate of 5.5%/year in the first 3 months of ACB, after less than 3 months, the Bank has disbursed to about 2,000 customers, with sales of 3,000 billion VND.
In addition to Techcombank and ACB, a number of other banks also have a high proportion of real estate loans to total outstanding loans by the end of the first quarter of 2025, such as SHB (25%), VPBank (25.5%), BVBank (17.5%), and KienlongBank (16.2%). These figures show signs of expanding real estate lending activities in the group of small and medium-sized banks, in the context of expectations of market recovery.
This year's credit growth target is 16%, equivalent to VND2.5 quadrillion pumped into the market. According to the State Bank of Vietnam (SBV), by mid-April 2025, the credit growth of the entire system will reach about 3.95% compared to the end of 2024.
In Ho Chi Minh City alone, the total outstanding real estate credit balance as of the end of April 2025 reached VND 1,116 trillion, up 0.34% compared to the previous month and up 2.85% compared to the end of 2024. The scale of real estate credit continues to be maintained and accounts for about 28% of the total outstanding credit balance in the area.
Competitive interest rates
Banks continue to promote home loans and compete on interest rates. BIDV has a VND40,000 billion credit package for individual customers under 35 years old who want to buy/rent-purchase houses nationwide. Accordingly, BIDV supports an interest rate of 5.5%/year for the first 3 years, the following years will have an interest rate equal to the 24-month term capital mobilization interest rate + 3%/year, the loan term is up to 40 years and no principal repayment is required for 5 years, applied on a maximum amount of VND5 billion/customer. For projects with a commitment to dedicate at least 30% of total output to young people, investors will be applied a preferential interest rate of 6%/year fixed for 24 months by BIDV and the following years will be 1-2%/year lower than the normal interest rate.
Meanwhile, Agribank offers preferential interest rates for individuals under 35 years old to borrow to buy a house until the end of 2025. Customers can use the house they intend to buy as collateral, with a fixed interest rate of 5.5%/year for the first 3 years, a loan limit of up to 75% of capital needs and a maximum loan term of 40 years. In particular, customers are exempted from paying the principal for the first 60 months.
Many other banks such as ACB, Vietcombank, VIB, VPBank, HDBank, MB, SHB, LPBank are also actively implementing preferential credit packages. Notably, HDBank offers a social housing loan package with a term of up to 50 years, helping people with an income of less than VND 15 million/month to own a house with installments from only VND 200,000/day, supporting borrowers to balance their finances effectively. VietBank offers loans with interest rates from only 3.99%/year, a maximum loan term of 380 months and no principal repayment for the first 60 months. Meanwhile, BVBank has a preferential loan package, with competitive interest rates from only 5.49%/year and flexible policies for young customers.
Compared to last year, home loan interest rates have decreased significantly, especially when banks simultaneously launched preferential credit packages with a total value of tens of thousands of billions of VND, with interest rates from 3.88%/year. Although preferential loan packages bring many opportunities, some experts say that borrowers still face risks from floating interest rates after the preferential period. Loan packages all have a term of interest rate after preferential treatment, calculated based on the 12-month mobilization interest rate plus a margin of 3.5 - 5% and will fluctuate at 11 - 13%/year. Home loans often last for more than 20 years, with floating interest rates, causing great financial pressure if borrowers do not calculate carefully.
Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region II Branch, said that real estate credit growth was higher than the general credit growth in the area (in the first 4 months of the year, real estate credit increased by 2.85%, while general credit in the area increased by 2.62%). At the same time, according to Mr. Lenh, social housing credit has grown again in the past 2 months. By the end of April 2025, the total outstanding social housing credit reached VND 2,764 billion, an increase of 4.84% compared to the previous month.
Source: https://baodautu.vn/tin-dung-mua-nha-hoi-phuc-khi-lai-suat-cho-vay-giam-d301609.html
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