Preferential interest rates for loans to young people under 35 years old to buy social housing

According to a document published by the State Bank of Vietnam (SBV), the SBV announced the lending interest rates of commercial banks applicable to outstanding loans for young people under 35 years old to buy social housing for the period from July 1, 2025 to December 31, 2025 and the lending interest rates for social housing, workers' housing, renovation and construction of old apartments according to Resolution 33/NQ-CP.

Specifically, the lending interest rate is 2%/year lower than the average medium and long-term VND lending interest rate of 4 banks Agribank , BIDV, Vietcombank and Vietinbank in the first 5 years of borrowing (from the first disbursement date). In which, the lending interest rate applied from July 1, 2025 to December 31, 2025 is 5.9%/year. In the next 10 years of borrowing, the lending interest rate is 1%/year lower than the average medium and long-term VND lending interest rate of the above 4 banks.

At the same time, the State Bank also announced the interest rates for loans for social housing, workers' housing, renovation and construction of old apartments according to Resolution 33/NQ-CP. The lending interest rates of commercial banks applied to outstanding loans for customers investing in projects and buying houses in social housing projects, workers' housing projects, renovation and reconstruction projects of old apartments for the period from July 1, 2025 to December 31, 2025 continued to decrease by 0.2%/year compared to the previous announcement. The lending interest rate for customers who are home buyers in the project is 5.9%/year. The lending interest rate for customers who are project investors is 6.4%/year.

Since the program was implemented, the State Bank has adjusted interest rates in a downward direction many times. In the first period, the interest rates for home loans and investor loans were estimated at 8.2% and 8.7%, respectively. Applied in April 2023, the preferential credit package for developing social housing and workers' housing according to Resolution 33/NQ-CP initially had a scale of VND 120,000 billion. To date, with 9 participating commercial banks including Agribank, BIDV , VietinBank, Vietcombank, HDBank, VPBank, Techcombank, TPBank and MB, the program has increased the total limit to VND 145,000 billion.

This July 2025 announcement is the first time the interest rate for loans for young people under 35 years old to buy social housing has been announced. In early 2025, Prime Minister Pham Minh Chinh requested the State Bank and commercial banks to study a preferential credit package for both supply and demand to develop social housing and housing for people under 35 years old.

In June 2025, the State Bank issued Official Letter No. 4290/NHNN-TD to 9 banks to implement the program for young people under 35 years old to borrow to buy social housing. Accordingly, from July 1, 2025, every 6 months, the State Bank will announce the preferential lending interest rate for commercial banks participating in the Program.

Source: https://baodautu.vn/uu-dai-lai-suat-cho-vay-nguoi-tre-duoi-35-tuoi-mua-nha-xa-hoi-d320439.html