HDBank offers exemptions for Mon City

A view of Mon City in Ha Noi. — File Photo

HCM CITY – HCM City Development Bank (HDBank) is offering promotional interest rates on loans to buy apartments and houses in Mon City in Hà Nội. They will only be available this month.

The promotional rate for apartment buyers is 3.5 per cent, while that for loans to buy houses will be zero for the first six months. For the next six months, the rate will be 8 per cent, before it becomes market-driven.

The bank also announced that it has given a guarantee of VNĐ1.4 trillion (US$63.6 million) to Mon City’s key investor, one of the first housing projects to get a bank guarantee as stipulated in the Housing and Property Law, which was amended last July.

HDBank is one of the biggest joint stock lenders in Việt Nam.

Mon City is being developed by Hải Đăng Real Estate Company and will be completed in the second quarter of next year. VNS

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