Buying a house is not difficult with huge incentives: Interest rate from 3.5% with a 50-year term

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The "golden time" for young people to own their dream home is opening up, when banks get involved, they can borrow up to 50 years with the lowest interest rates in many years, from only 3.5%.

Owning a house - a place to settle down to start a business and build a future - is always an important goal for many young Vietnamese people. However, in reality, real estate prices are constantly increasing faster than income levels, making this dream increasingly difficult.

But now, the opportunity to buy a house has become clearer than ever. Thanks to the policy orientation of the Government and the State Bank of Vietnam (SBV), the strong participation of many commercial banks (CBs), young people have flexible financial options in hand, with low interest rates and unprecedented long loan terms.

Policy motivation, banks get involved

Immediately after the Government Standing Committee Conference with banks in early 2025, the Prime Minister directed the SBV and SBVs to establish preferential credit packages to support young people under 35 years old to buy a house. The goal of this directive is to reduce lending interest rates, promote credit for social housing, and make it easier for young people to access home ownership.

According to experts, expanding credit with reasonable interest rates will help increase people's ability to own a house, while stabilizing the real estate market, directing capital flow to segments with real demand instead of speculation.

Speaking at a recent credit conference, Deputy Governor Dao Minh Tu said that the SBV will flexibly use tools such as refinancing and participating in the interbank market to solve capital needs. When liquidity is guaranteed, banks do not need to increase deposit interest rates to attract deposits - a basis for stabilizing medium and long-term lending interest rates.

Changing policy orientation, many banks have implemented home loans with attractive interest rates and long loan terms to better suit young customers.

Nguon: HDBank
Source: HDBank

Currently, many leading banks in the market are implementing home loans with preferential interest rates for young people. Low interest rates for a term of 30 years or more. Notably, HDBank applies an interest rate of 4.5%/year, the loan term is up to 50 years - the longest on the market today.

Through the implementation process, HDBank has recently continued to expand incentives with interest rates from only 3.5% for customers aged 18 - 35 who borrow to buy a house, with a loan term of up to 50 years, and a maximum principal grace period of 5 years.

According to HDBank representative, the longer the support loan period, the lower the monthly payment amount, helping borrowers significantly reduce financial pressure. This is an important factor when many young people are still in the stage of accumulating assets.

The golden time for young people to own a house

Not only thanks to credit support policies, preferential loan interest rates and the prospect of stability at a low level, the current real estate market also has many favorable factors for young people to boldly decide to buy a house.

According to Vice President of the Vietnam Real Estate Association - Dr. Nguyen Van Dinh, in 2025, the real estate market is expected to enter a more stable period, with more sustainable growth, with many opportunities for both investors and real buyers. Real estate supply is expected to grow, especially in Hanoi and satellite cities with about 3,000 case-sized products; Ho Chi Minh City and the suburbs with about 8,000 products. At the same time, many investors have launched incentive programs, helping customers have the opportunity to own a house more easily.

Mr. Hoang Quoc Dung (29 years old, Ho Chi Minh City), a customer who has just signed a house loan contract, shared: "My wife and I thought it would take another 10 years to have enough money to buy a house. However, with a long-term loan package, preferential interest rates and grace period policies, each month only needs to pay about 7-8 million, within their capacity. Therefore, we have determined that this is an opportunity to realize the long-standing goal".

With favorable conditions, it can be considered that this is the best time in many years for young people planning to own a house to boldly realize their dreams.

To seize the opportunity, financial experts recommend that when borrowing to buy a house, customers need to choose a suitable loan, carefully research interest rate policies, clearly identify real housing needs and payment ability. Accordingly, choosing the right bank and loan package is a key factor, helping young people own a house earlier and maintain a stable financial life in the long term.

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