HDBank to give cheap loans to Mon Bay buyers

Thursday, Dec 22, 2016 10:09

As the sole mortgage provider for the Mon Bay project in Quang Ninh, the Housing Development Commercial Joint Stock Bank (HDBank) has set aside VND2.73 trillion (US$119.7 million) for people to buy apartments and houses there. — VNS Photo

As the sole mortgage provider for the Mon Bay project in Quang Ninh, the Housing Development Commercial Joint Stock Bank (HDBank) has set aside VND2.73 trillion (US$119.7 million) for people to buy apartments and houses there.

The bank will offer mortgages at 0-7.5 per cent interest for the first six months.

The loans, of up to 70 per cent of the cost, have a tenor of up to 30 years.

Located in Ha Long City, Mon Bay has a total of 1,444 apartments, nearly 1,000 of them in two 35-storey towers.

The first phase will also see 197 semi-detached houses delivered to customers in the fourth quarter of next year. — VNS

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