With a loan term of up to 25 years, a loan rate of up to 80% of the value of a loan package will become a flexible and attractive financial solution for many people.
In recent years, real estate prices have skyrocketed, especially in large cities such as Hanoi and Ho Chi Minh City, along with "modest" income, making home buying for many people, especially a part of the young, become distant. An economic expert once said that with skyrocketing housing prices, Vietnamese people need to work hard for an average of 23.7 years to be able to buy a house.
Implementing the Prime Minister's direction on implementing credit solutions to support young people to buy a house, as well as understanding the dream of settling down of many people, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has immediately implemented a preferential home purchase loan package with an interest rate of only 5.2%/year exclusively for young customers under the age of 35.
With this preferential loan package, customers can borrow up to 80% of the house value, with a loan term of up to 25 years. The conditions of the loan package are also very simple, customers only need to borrow and have a sovereignty certificate for real estate, VPBank will support and advise customers.
Thanks to the flexible interest rate fixing policy of up to 24 months, customers can proactively choose a loan option suitable for their personal financial plan, while reducing payment pressure in the early stages of the loan.
VPBank representative said: In order to help young customers easily access loan packages, VPBank has developed a variety of interest rate options so that customers can flexibly choose financial solution packages that suit their needs and financial capabilities.
We hope that this flexible financial solution package will help customers easily own their own home and create a solid foundation for the future."
Not only that, for customers who are able to pay early, VPBank applies an attractive early repayment fee of no more than 2.5%, and exempts early repayment from the 5th year 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.
One of the major advantages of this loan package is simple procedures and quick approval processes, helping young customers access capital early to realize home purchase plans. Special priority interest rates and optimal financial support policies also help significantly reduce financial burdens, creating conditions for young people to own their own houses more easily.
Although it is considered a year with many difficulties, according to statistics from VPBank, in 2024, VPBank has disbursed nearly 15,000 home loans, an increase of 14% compared to 2023. Total disbursed sales reached VND43,405 billion, up 23% compared to 2023.
Of which, most of the home loan packages are concentrated in projects in big cities such as Hanoi and Ho Chi Minh City and most of the customers are aged 30 - 50. Therefore, VPBank believes that this interest rate incentive package will be an effective financial solution for many young customers today.
For more information, please call the hotline 1900545415.
