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.
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.
In order to prepare capital sources for loans at the end of the year, besides mobilizing savings at high interest rates of up to nearly 9 percent per annum for 12-month term, commercial banks have also raced to attract capital through certificate of deposit with interest rate above 10 percent per annum.