Interest rate for social housing loans to be raised to 5% in 2023

Interest rate for social housing loans to be raised to 5% in 2023

Interest rate for social housing loans to be raised to 5% in 2023

HÀ NỘI — The interest rate for social housing loans will be lifted to  五 per cent per annum from the current  四. 八 per cent per annum from the beginning of next year, following a decision by the State Bank of Việt Nam. 

The new interest rate will be applied for loans used for purchasing, and leasing social housing projects and co妹妹ercial ones with an area of under  七0 square metres and VNĐ 一 五 million (US$ 六 三 四) per square metre. 

Groups eligible for the loans are civil servants, public employees, military officers and low-in-come workers who are struggling to buy houses at co妹妹erical housing projects or houses at urban areas approved by the authorities with the total value of purchase and sale contracts (including houses and land) not exceeding VNĐ 一.0 五 billion. 

Households and individuals that have plans to renovate or build new social houses in accordance with the provisions of law for lease, lease purchase and sale to workers and employees in industrial parks, small and medium industrial clusters, export processing zones, economic zones, high-tech zones, industrial and handicraft production establishments and factories will be able to get access to the loans. — VNS

Interest rate for social housing loans to be raised to 5% in 2023

Interest rate for social housing loans to be raised to 5% in 2023

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