Social housing loan interest rate maintains at 5 percent

Preferential loan interest rate remains unchanged at 5 percent for purchase, hire or lease purchase of social housing projects in 2019 as per Vietnamese Prime Minister’s decision 225/QD-TTg, which took effect from the beginning of this year.

Social housing loan interest rate maintains at 5 percent

The interest rates will be applied for house buyers who have already sought loans in the minimum repayment term of 15 years after disbursement. In case that house buyers ask for loan in shorter time, they should make a deal with banks.

By PHAN THAO - Translated by HAI SON

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