The National Citizen Bank has reserved preferential loans to support homebuyers across 16 projects in HCM City. — Photo laisuat.vn

HCM CITY (Biz Hub) — The National Citizen Bank (NCB) has reserved preferential loans worth VND700 billion (US$33.33 million) to support homebuyers across 16 projects in HCM City, in collaboration with three property firms.

Novaland Group, one of the property firms, has joined the programme with projects such as Sunrise City, Tropic Garden, The Prince Residence, Galaxy 9, and Icon 56. Its developments also include Lexington Residence, Botanica, River Gate, and Lucky Dragon, in addition to The Sun Avenue, Lucky Palace, Kingston, and Sunrise Cityview.

Novaland homebuyers can choose annual interest rates of either 7.2 per cent for a preferential term of one year or 9.0 per cent for two years.

Of the remaining two property developers, the Hoa Binh House Company offers Soho RiverView and Green Park projects, while the Tien Phat Real Estate Investment Company has joined the credit package with The Ascent.

The customers of the two developers will enjoy an annual interest rate of either 7.5 per cent for 12 months, or 9.0 per cent for 24 months. — VNS