The interest rate of 6.1%/year fixed for 12 months, the 24-month principal grace period implemented by VPBank is considered by many to be the most competitive in the market.
The housing demand of young people is increasing
According to a May 2025 survey conducted by One Mount Group in Hanoi, 88% of respondents said they plan to buy a house in the next 2 years, showing strong demand in the short term. Leading this trend is the group of customers aged 35 - 44.
However, the young generation aged 18 - 34 also accounts for a significant proportion, up to 27%. This rate reflects the increasingly clear trend of owning a house early, especially in the context of young people tending to be more proactive in finances and quality of life.
CBRE experts said that the main reason is that the group of young people today tends to want to live more independently, wanting to create their own private space sooner. Modern and free living is considered an important factor in boosting the demand for housing at this young age.
Kim Loan (32 years old) - a financial specialist in Hanoi is currently living at her aunt's house in Ha Dong. Loan said that he has been looking to buy a house for many months but has not found a suitable house.
"If I can afford it, the area is too small, if I find the house stable, the price is too high, not suitable for the financial situation" - Loan shared.
After many months of researching and going to see a house with a broker, Loan decided to choose an apartment in a project in the East of Hanoi.
"After going to see the actual apartment, I liked this apartment complex because of its airy space and full amenities. In particular, the apartment area is suitable for needs, with adequate interior clearance, just move in and within financial capacity" - Loan confided.
In the past 3 years, young people have tended to look for real estate in the suburbs of big cities with prices ranging from 2-4 billion VND/unit. However, this group of customers often have modest initial savings but want to own a large house, so they need financial support solutions.
Optimal financial solutions for young people to buy a house
Continuing to implement credit solutions to support young people to have the opportunity to settle down and make a living, VPBank has recently adjusted preferential home loan interest rates for young customers aged 18-35. Accordingly, young people can easily own a house with an interest rate of 6.1%/year fixed for 12 months. This interest rate is considered the most competitive at present.
In addition, this loan package has many additional supports from VPBank such as principal grace period up to 24 months, loan term up to 35 years and disbursement limit up to 80% of asset value. VPBank said that this loan package will be applied to real estates in Hanoi, Da Nang and Ho Chi Minh City.
After finding a suitable apartment, Kim Loan contacted a few banks to find out how to borrow capital.
"The apartment I want to buy is worth about 3 billion VND, I need to borrow about 800 million VND. Through research, I chose VPBank because this bank has an interest rate package of 6.1%/year fixed for 12 months, and may not need to pay the principal for 24 months.
And Kim Loan was quite surprised by the simple procedures and quick disbursement time.
I was supported by bank staff to declare information via the VPBank Race application. The entire loan approval process is done online and I can check the appraisal results right on this application. After only 1 week, everything was completely gone and smooth. I am now waiting to complete the procedures for transferring the red book."
VPBank representative said that thanks to the application of modern and advanced digital technologies, loan procedures at VPBank are extremely streamlined and simple. Customers only need to provide documents and records according to regulations to the bank. The entire loan approval process is done online through the application and customers check the appraisal results right on the VPBank RACE digital approval system.
After the customer provides the information, the VPBank RACE approval system will check and return the loan approval results super quickly, within just 1 minute. VPBank will disburse the loan after 1 day from the date of approval.
VPBank hopes to create the most favorable financial conditions, helping young people to be confident, easily own a dream home, build a career, create a solid foundation for the future and contribute to the overall development of the country - the bank representative added.
In parallel with the above mentioned priorities, VPBank also applies an attractive early repayment fee of no more than 2.5%, and exempts early repayment from the 5th year for customers who are able to pay early to ensure maximum benefits for borrowers.
This policy helps customers be more flexible in financial management, able to settle loans without worrying about arising costs that are too high, especially when personal financial resources have become more stable after a period of borrowing.
For more information, please call the hotline 1900545415.
