Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.
The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
According to the HCM City Real Estate Association (HoREA)''s report sent to the VCCI, this concern is about high-interest rates of preferential loans under this credit package for social housing buyers and renters.
