Masterise Homes and Techcombank executives at the launch of the ‘Home for Home’ solution in HCM City on Monday. — VNS Photo

Housing developer Masterise Homes and Techncombank on Tuesday launched a financial solution called ‘Home for Home’ that they said aims to bring international standard living experiences to Vietnamese customers.

It enables people owning houses to upgrade to premium projects developed by Masterise Homes without any payment until handover.

Customers have to make a refundable VND50 million (US$2,155) deposit, and the bank will value their house and pay the first instalment to the developer of as much as 30 per cent of the cost. The next itstalment of 70 per cent will be paid later. Interest rate for these two installment is zero.

Only when the house is handed over, customer starts to pay to the bank, starting by paying 30 per cent. The installment of other 70 per cent will be paid within 35 years.

The bank will also support the customers with selling the old house.

The projects it is applicable to are the Waterfront and West Heights in Ha Noi and Centre Point in HCM City.

The programme is applicable to Vietnamese citizens with stable incomes and owning an apartment in Ha Noi or HCM City.

To join the programme, customers only need to register online.

Masterise Homes, a member of the Masterise Group, develops and provides luxury real estate products and services in Viet Nam and beyond. — VNS