Buyers can expect to get the best loan products from HDBank to buy or lease housing projects. — Photo HDBank

HCM CITY (Biz Hub) — The relationship between banks, housing developers and buyers is compared to the three sides of a triangle.

This relationship has become closer than ever after the amendments to the Law on Real Estate Business and Housing Law took effect nearly a year ago.

Under the amended laws, in addition to that of lenders and borrowers, a new relationship has been born among them: banks will become guarantors for new real estate projects and join in assessing and disbursing the Government's credit package to support people buying and renting social housing.

Capitalising on the opportunities, HCM City Development Bank (HDBank) has been constantly improving its services and products to meet the increasing demand.

The bank said since the new provisions became effective, its management board has decided to keep apace with the market's development by perfecting its targets of being a healthy bank with high liquidity and diversifying its products.

Property developers co-operating with HDBank will have a strong source of funds to develop their projects and also get guarantees from the bank.

Buyers can expect to get the best loan products from the bank to buy or lease housing projects.

To operate effectively and meet the actual demand, the bank carries out meticulous assessments before deciding to guarantee a project and lend to buyers. With this, the bank believes it will find customers with real needs, something that especially helps the property market.

"Through its policies and products, it is easy to see that HDBank has improved to keep abreast of the changes in the market and the Government's policies to support real estate companies.

"What the bank has been doing has contributed much to the development of the entire property market," a senior official from real estate organisation in HCM City said.

With its experience of working with over 28,000 companies, HDBank has designed many attractive products that offer customers peace of mind.

The bank has since July 2015, when the amendments to the laws took effect, supported many housing developers by guaranteeing their new projects.

In 2015 alone HDBank had guaranteed 31 projects in the whole country, including Carillon by Sacomreal, Mon City by Hai Dang Real Estate Development Joint Stock Company and SaigonRes by G5.

Another special programme is the package supporting buyers of apartments at Scenic Valley built by the Phu My Hung Development Corporation. Buyers can borrow at interest rates starting at 3.8 per cent.

To buyers of apartments at Dong Phat Parkview Tower, HDBank offered a loan of up to 80 per cent of the value for a tenor of up to 30 years.

Pham Quoc Thanh, deputy general director of HDBank, said his bank has many strong points including quick paperwork.

Furthermore, the bank had programmes to support constructors in order to ensure the construction progress.

HDBank has become the lender with the best services and gained the trust of many companies and individuals.

Thanks to that, many contracts have been signed to develop major housing projects.

HDBank will continue to design more products to keep up with the changing market to safeguard its customers' benefits and contribute to the Vietnamese property market— VNS