Young people under 35 years old borrowing to buy social housing get a 2% interest rate reduction

(GLO)- The State Bank has just issued Official Dispatch No. 4290/NHNN-TD to 9 banks on lending to young people under 35 years old to buy social housing with an interest rate 2%/year lower than the medium and long-term loan interest rate of 4 State-owned commercial banks.

Accordingly, in the first 5 years of borrowing, the lending interest rate is 2%/year lower than the average long-term lending interest rate of 4 state-owned commercial banks: Agribank , BIDV, Vietcombank and VietinBank. In the next 10 years of borrowing, the lending interest rate decreases by 1%/year.

260-unit social housing area in Binh Trung Dong ward (Thu Duc city). Photo: QUANG DINH. Source: TTO

From now until June 30, 2025, the lending interest rate is 6.1%/year. From July 1, 2025, every 6 months, the State Bank will announce the lending interest rate during the preferential period to commercial banks participating in the program.

There are currently 9 banks participating in this program including: Agribank, VietinBank, Vietcombank, BIDV , HDBank, VPBank, Techcombank, TPBank and MBBank.

Source: https://baogialai.com.vn/nguoi-tre-duoi-35-tuoi-vay-mua-nha-o-xa-hoi-duoc-giam-lai-suat-2-post326534.html