HCMC increases loans of VND 900 mln for low-income homebuyers

According to a new decision of the Ho Chi Minh City People's Committee, the maximum loan amount and loan term for low- income homebuyers are increased to VND 900 million within 20 years. 

HCMC increases loans of VND 900 mln for low-income homebuyers

In particular, the maximum loan limit is increased from VND 500 million to VND 900 million per each document which will come into effect from June 27. 

The preferential loan package is scheduled to provide to public workers and those who serve in the armed forces, attaching a condition of having residence registration books in the city and spending at least three continuous year of working.

Accordingly, the lending interest rates will be adjusted for each period. Currently, the city People’s Committee set an affordable interest rate of 4.7 percent a year.





BY MAI HOA- Translated by Huyen Huong

Other news