Preferential credit: Increasing opportunities for people to own houses and land

Flexible, shortened procedures

Asia Commercial Joint Stock Bank (ACB) is one of the pioneers in offering a credit solution following the Prime Minister's direction on housing for young people called "First Home". This is a housing credit package for young people aged 40 and under. The loan package has many outstanding advantages such as: Preferential interest rates from 5.5%/year, loan term up to 30 years, flexible repayment method with low principal repayment amount in the first years and principal grace period up to 12 months. At the same time, free support for collateral valuation, preferential early repayment fees and legal procedures, helping young people easily access housing, stabilize their lives and develop their careers. In addition, customers can choose a laddered repayment method from only 1% of principal/year.

ACB Bank Bac Giang Branch staff advises customers on loan packages.

After the program was implemented, many customers were interested, especially young customers who were looking to buy a house through all of ACB's current implementation channels. Thousands of customers were interested and contacted to ask for information about the loan package. About 40% of them registered for loans and are in the process of completing the application and approval procedures. Many applications have been approved and disbursed, and to date the bank has disbursed 500 billion VND.

Ms. Luong Thi Ha, Director of ACB Bac Giang Branch, informed that not only young customers but also customers who need to borrow money to buy houses and land in general are very interested in this credit package. Since the beginning of 2025, the Branch has disbursed more than 50 billion VND to more than 30 customers who have the need and are eligible to borrow money to buy houses and land. Understanding that buyers need to mobilize a large amount of money, complete the procedures to receive houses and land from the seller, and then have collateral to borrow money from the bank, ACB has a form of disbursement as soon as the customer signs a deposit contract with the seller, the procedures for transferring ownership and mortgage will be carried out later.

With this lending method, customers only need to prepare a deposit, and all procedures for transferring ownership and registering mortgages are supported by bank staff. Thanks to this, many procedures are carried out more quickly, creating convenience for customers. Mr. NVN, Dao My commune (Lang Giang) shared that his family has just received a loan from ACB Bac Giang Branch of more than 1 billion VND with preferential interest rates and a loan term of 20 years. Thanks to the loan and long-term debt repayment, he is currently building a house on the land, expecting to welcome a new house at the end of this year.

Similarly, Saigon-Hanoi Commercial Joint Stock Bank (SHB) also has a preferential credit package "Realizing the dream of buying a house". From March to December 31, 2025, SHB will deploy a VND 16 trillion loan package to serve the needs of buying a house. Customers will be able to borrow up to 90% of the value of the property they intend to buy, with no limit on the loan amount, with an interest rate of only 3.99%/year. In addition, customers will also be exempted from paying the principal for the first 60 months, equivalent to 5 years, and will receive an attractive credit card/overdraft limit.

Mr. Hoang Xuan Thai, Director of SHB Bac Giang Branch said: "With a loan term of up to 35 years and a principal repayment schedule designed specifically according to financial capacity (paying the principal in equal installments or increasing the principal amount with a periodic frequency of monthly/quarterly or maximum 6 months/time) will help customers reduce financial pressure. Currently, the Branch is approaching and consulting customers about this credit package, which is expected to attract many people".

While researching the preferential loan package of SHB Bac Giang Branch, Mr. Nguyen Van Thao, Tho Xuong Ward (Bac Giang City) said: “I am 30 years old this year and have just started a family. My husband and I both work in the industrial park, with a total monthly income of more than 20 million VND. If we wait to save enough, we don’t know when we will be able to buy a house. So we are researching some preferential credit packages from banks to borrow together with the money we already have to buy an apartment to live separately.”

Efficient use of capital

It is known that in addition to the above banks, many banks also implement preferential credit packages, reducing interest rates. Recently, the Provincial Social Policy Bank has disbursed more than 760 billion VND in preferential loans for borrowers to buy social housing, build, renovate, and repair houses according to Government regulations. Thereby, many low-income households have the conditions to buy houses, build new houses, repair houses, and stabilize their lives. Loan interest rates vary from time to time, from 4.8% - 6.6%/year; maximum loan term is 25 years.

Mr. Nguyen Van Thanh, General Secretary of the Provincial Real Estate Association, assessed that in 2025, the State's policy is to continue promoting credit growth in real estate, expanding the room by 2%. This is a clear and drastic viewpoint to stimulate the real estate market nationwide. In Bac Giang, both credit groups for real estate business and credit for real estate consumption have many very positive policies to achieve the desired growth targets.

Recently, many project investors have had access to capital to fulfill their land obligations and invest in construction relatively conveniently and quickly. For customers who buy project products, they are supported with disbursement to buy land, build houses, and enjoy preferential interest rates and loan terms.

The 2023 Housing Law strictly stipulates that land users are responsible for using land for housing construction. The current preferential real estate credit policies are expected to bring positive impacts, investors and people will have resources to build houses, contributing to ensuring social security and stabilizing life.

However, investors and people need to use credit packages in real estate reasonably and effectively. For example, products of commercial housing projects must be released from mortgages to be eligible for sale to customers, so investors need to work with credit institutions to find solutions to coordinate handling for convenience in future business operations. People buying products in projects need to effectively calculate assets, especially land products, to avoid over-investment with borrowed capital, while regulations on responsibility for putting real estate into construction and exploitation have been more strictly regulated by law.

The implementation of many preferential credit packages by a series of banks is attracting the attention of many people. Many people want banks to continue to simplify the procedures for appraisal and verification of income to create conditions for customers to borrow capital. The approach of ACB Bac Giang Branch should be replicated, possibly as an experience for other banks to refer to, apply, and create the most convenience for customers. Particularly for those eligible to buy social housing, the authorities need to build a data system, integrate information, ensure public and transparent management, and save verification time.

Article and photos: Truong Son

Source: https://baobacgiang.vn/tin-dung-uu-dai-tang-co-hoi-so-huu-nha-dat-cho-nguoi-dan-postid416362.bbg