Wednesday, March 20 2019

VietNamNews

Social-house loan interest rate kept at 5 per cent

Update: March, 11/2019 - 09:00
An apartment block of Ecohome 1, a social housing complex in Hà Nội’s outer district of Bắc Từ Liêm. — VNA/VNS Photo Nguyễn Thắng
Viet Nam News

HÀ NỘI — Preferential rates will remain unchanged at 5 per cent for social-housing in 2019 according to a decision made by Prime Minister Nguyễn Xuân Phúc.

The rate is applicable to borrowers who take out loans from credit institutions designated by the Government to buy and rent social housing, or repair and renovate existing ones.

The minimum loan term is 15 years.

Borrowers can negotiate with banks if they want to extend or reduce the minimum loan term.

The decision took effect on March 4. — VNS

 

 

 

 

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