SBV keeps preferential interest rate for social housing unchanged

January 07, 2020 - 15:38

The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Việt Nam (SBV).

Đại Kim social housing project in Hoàng Mai District, Hà Nội. — VNA/VNS Photo Minh Nghĩa

HÀ NỘI — The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Việt Nam (SBV).

Beneficiaries are investors in social housing projects and people eligible for housing loans under the Government's Resolution No.02/NQ-CP of January 7, 2013, buying social houses with an area of less than 70sq.m and selling price of under VNĐ15 million (US$645) per square metre.

This decision came into effect since January 1, this year. — VNS

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