VPBank adds preferential interest rates for young people to borrow to buy houses

Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) has adjusted the preferential interest rate for home loans for young customers aged 18-35. The interest rate of 6.1%/year fixed for 12 months, with a 24-month principal grace period implemented by VPBank is considered by many to be the most competitive in the market.

Housing demand of young people is increasing

According to a survey conducted in May 2025 by One Mount Group in Hanoi , 88% of respondents said they planned to buy a house within the next 2 years, indicating strong demand in the short term. Leading this trend is the group of customers aged 35-44. However, the younger generation aged 18-34 also accounts for a significant proportion, up to 27%. This ratio reflects the increasingly clear trend of early home ownership, especially in the context of young people increasingly tending to be more proactive in terms of finance and quality of life.

CBRE experts said the main reason is that the current group of young people tend to want to live more independently and create their own private space earlier. Modern and free lifestyle is considered an important factor driving the demand for home buying among this young age group.

Kim Loan (32 years old) - a financial specialist in Hanoi is currently living at her aunt's house in Ha Dong. Loan said she has been looking to buy a house for many months but has not found a satisfactory one. "The affordable house is too small, the house I think is okay is too expensive, not suitable for my financial situation", Loan shared.

After months of research and viewing houses with a broker, Loan decided to choose an apartment in a project in the East of Hanoi. “After viewing the actual apartment, I liked this apartment complex because of the airy space and full amenities. In particular, the apartment area is suitable for my needs, fully furnished, ready to move in, and within my financial capacity,” Loan confided.

In the past 3 years, young people have tended to look for real estate in the suburbs of big cities with prices ranging from 2-4 billion VND/unit. However, this group of customers often has modest initial savings but wants to own a large house, so they need financial support solutions.

Optimal financial solutions for young people buying houses

Continuing to implement credit solutions to support young people to have the opportunity to settle down, VPBank has recently adjusted the preferential interest rate for home loans for young customers aged 18-35. Accordingly, young people can easily own a house with an interest rate of 6.1%/year fixed for 12 months. This interest rate is considered the most competitive at present.

In addition, this loan package comes with many supports from VPBank such as principal grace period up to 24 months, loan term up to 35 years and disbursement limit up to 80% of the property value. VPBank said this loan package will be applied to real estate in Hanoi, Da Nang and Ho Chi Minh City.

VPBank adds preferential interest rates for young people to borrow to buy houses

The home loan package for young people implemented by VPBank is considered by many to be the most competitive on the market.

After finding a satisfactory apartment, Kim Loan contacted several banks to inquire about loans. “The apartment I want to buy is worth about 3 billion VND, requiring a loan of about 800 million VND. After researching, I chose VPBank because this bank has an interest rate package of 6.1%/year fixed for 12 months, and may not need to pay the principal for 24 months.”

And Kim Loan was quite surprised by the simple procedure and quick disbursement time. “I was supported by bank staff to declare information via the VPBank Race application. The entire loan approval process was done online and I could check the appraisal results right on this application. After only 1 week, everything was completely completed and went smoothly. Now I am waiting for the completion of the red book transfer procedure.”

VPBank representative said that thanks to the application of modern and advanced digital technologies, the loan procedures at VPBank are streamlined and extremely simple. Customers only need to provide the bank with required documents and records. The entire loan approval process is done online through the application and customers check the appraisal results directly on the VPBank RACE digital approval system.

After the customer provides information, the VPBank RACE approval system will check and return the loan approval result super fast, within just 1 minute. VPBank will disburse the loan after 1 day from the time of approval.

“VPBank hopes to create the most favorable financial conditions, helping young people confidently and easily own their dream home, build a career, create a solid foundation for the future and contribute to the overall development of the country,” the bank representative added.

Along with the above-mentioned priorities, VPBank also applies an attractive early repayment fee of no more than 2.5%, and waives early repayment fees from the 5th year for customers who are able to make early payments to ensure maximum benefits for borrowers. This policy helps customers be more flexible in managing their finances, and can pay off their loans without worrying about excessively high costs, especially when their personal finances have become more stable after a period of borrowing.

For more information, please call hotline 1900 54 54 15 or visit https://vaythechap.vpbank.com.vn.

Source: https://baolamdong.vn/vpbank-them-uu-dai-lai-suat-cho-nguoi-tre-vay-mua-nha-384051.html