Central bank wants extension of loan periods

Saturday, Feb 15, 2014 11:58

A building for low-income people in the capital city. — Photo nhadat24h.net
HA NOI (Biz Hub)— Deputy head of the State Bank of Viet Nam's Credit Department Tran Xuan Chau said the bank wants solutions to accelerate disbursement of the VND30-trillion housing package for low-income people.

Accordingly, SBV will propose extension of loan periods in the package from the current 10 to 15 years. The maximum period of loans provided to property businesses in the package is five years.

Statistics from the Ministry of Construction's Housing Development Department showed that banks disbursed VND380.45 billion to eight businesses. Five banks had committed to lend a total of VND720 billion to 1,994 home buyers, of which VND482 billion was disbursed. — VNS

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