In the context of housing becoming an urgent need but difficult to access for young people with average and low incomes, especially in large cities, the Government, the Prime Minister and the State Bank have issued many policies and strategies to support people under 35 to have access to social housing at reasonable costs.
Pioneering the implementation of that direction, Agribank has proactively implemented a preferential credit program of up to VND 10,000 billion, exclusively for young people who need to buy social housing. The program not only provides loans with preferential interest rates and flexible mechanisms, but also contributes to concretizing the major policies of the Government, the Prime Minister and the State Bank in promoting social security, creating a stable foundation for young people to settle down, establish a career and develop long-term.
Preferential policies bring housing opportunities to the younger generation
In the spirit of concretizing the direction of the State Bank, Agribank's preferential credit program is implemented for loans disbursed from May 30, 2025 to December 31, 2030 (or until the scale of capital is exhausted).
The beneficiaries are individual customers under 35 years old who need to borrow capital to buy social housing under legal projects, announced by the Ministry of Construction or People's Committees at the provincial and municipal levels.
In addition to transparency in terms of conditions, the highlight of the program is the preferential interest rate policy designed to optimize borrowers' ability to pay in the long term.
The maximum preferential interest rate application period is 15 years from the date of disbursement. In the first 5 years from the date of disbursement, lending interest rates are 2% lower than the average VND medium and long-term lending interest rates of 4 state-owned commercial banks including Agribank, BIDV, Vietcombank and VietinBank. From now until June 30, 2025, the applicable interest rate is 6.1%/year.
In the next 10 years, customers borrowing capital will continue to enjoy an interest rate 1% lower than the average of the above-mentioned group of State-owned commercial banks.
Along with that, starting from July 1, 2025, the State Bank will periodically announce new preferential interest rates every 6 months, ensuring public information and policies are always consistent with macroeconomic conditions and market trends.
In particular, to ensure fairness and compliance with the program's goals, each customer (or husband/wife) can only borrow once to buy an apartment in the approved project list.
As long as they simultaneously meet the normal loan conditions according to Agribank's internal regulations and are in the group entitled to social housing support policies according to current legal regulations, young customers can borrow preferential capital from Agribank to fulfill their dream of settling down.
Pioneering the realization of community goals
With a high strategic vision and social responsibility, Agribank has quickly grasped the situation and implemented a special preferential credit program for subjects under 35 years old who buy social housing (NOXH), strongly responding to the Government's policy and the direction of the State Bank on developing social housing, opening up settlement opportunities for millions of young people across the country.
From an socio-economic perspective, Agribank's preferential credit policy also stimulates the demand for social housing, contributing to promoting the real estate market in the low-cost segment. In terms of society, with preferential interest rates compared to the general level, it will practically support young families to maintain their affordability, contributing to reducing financial pressure, thereby creating conditions to focus on investing in education and developing the private economy.
The preferential loan program for buying social housing for young people of Agribank is a clear evidence for the role and efforts of the State -owned, serious and proactive state commercial banks to implement the guidelines and policies of the Party, the Government, the State Bank, contributing to the realization of economic development goals, social security and improving the value of life for the people, creating a sustainable motivation for the development of the country.
