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From January 1, 2018, housing loan interest rate is 5%

Housing loans at commercial banks have an interest rate of 5% per annum

The State Bank of Vietnam (SBV) has issued Decision No. 2735 / QD-NHNN on commercial banks’ interest rates applicable in 2018 to outstanding loans for housing support under Circular No. Circular No. 32/2014 / TT-NHNN dated November 18, 2014 and Circular No. 25/2016 / TT-NHNN dated July 29, 2016.

Accordingly, the interest rates of commercial banks applied in 2018 for outstanding loans of housing support under the provisions of the above circular is 5.0% per year.

This Decision takes effect on January 1, 2015 and replaces the Decision No. 2544 / QD-NHNN dated December 30, 2016 of the Governor of the State Bank.

Housing loans at commercial banks have an interest rate of 5% per annum
Housing loans at commercial banks have an interest rate of 5% per annum

Regarding the loans, the HCMC Real Estate Association Ho Chi Minh City (HoREA) has proposed to the State Bank to allocate about VND1,000 billion (in the capital of VND2,000 billion allocated to the Social Policy Bank by the Standing Committee of the National Assembly) for 4 organizations Vietcombank, Vietinbank, Agribank, and BIDV to provide credit for social housing beneficiaries.

In addition, the Association recommends that the National Assembly, the Government and the State Bank allocate an annual budget of between VND 1,000 and 2,000 billion in the period from 2018-2020 for the beneficiaries of social housing. loans with an interest rate of about 4.8% per year.

“It is proposed to allocate these funds to the Social Policy Bank and four credit institutions, namely Vietcombank, Vietinbank, Agribank and BIDV, to mobilize capital from other sources. credit institutions to effectively implement social housing policy of the Party and State, “HoREA proposed.

In the long run, HoREA said that the National Assembly, the Government and the State Bank should have mechanisms to implement preferential credit policies for investors of social housing projects, in accordance with the Housing Law, first of all is the social housing project for rent.

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From January 1, 2018, housing loan interest rate is 5%
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