HDBank to give cheap loans to Mon Bay buyers

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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.

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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