Low-Income People Are About To Split VND 30000 Billion Package

In the release, the State Bank said it would disburse VND  30 trillion on December  31st. Thus, less than a dozen days, the credit package to support low-income people have houses to live and at the same time to recover the real estate market freeze closed.

The VND 30 trillion package will close by the end of 2016 and there will not be any interest rate extension for disbursements after December 31st

To date, more than 50,000 individuals and households have improved their homes thanks to the $ 30,000 billion package, according to data from the State Bank. The agency also reaffirmed that it will not support loans despite signing under the package of VND 30 trillion but disbursed after December 31st, 2016 (for individual borrowers) and after June 30th, 2016 ( For business borrowers).

Thus, all disbursements for home loans from January 1, 2017, of customers signed under the package of VND 30 trillion will be subject to commercial agreement (may be 2-3 times higher than the preferential interest rate).

Previously, this agency has asked the Government to take measures to remove problems for home buyers disbursement after June 30 continues to be calculated at preferential interest rates.

According to data from the State Bank, by the end of November, the program has disbursed 29,239 billion, of which 82% of this capital is for individuals buying, renting or investing in renovating houses for the living. Outstanding debt to 30/11 for individuals group of VND 30,000 billion packages to VND 20,650 billion.

The VND  30 trillion package will be launched in early 2013, amid the real estate market that is at the bottom of the crisis stretching from mid-2011. However, after three years, the package has to continually adjust from article Sue, borrowers, interest rates to confirmation procedures … From only 4 banks, VND 30,000 billion packages have been expanded to 19 banks to facilitate the people…

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