BIDV deploys 40,000 billion VND credit package to support young people to own houses

BIDV deploys 40,000 billion VND credit package to support young people to own houses. (Photo: Vietnam+)

Responding to the Government's policy of supporting young people to access housing, on the occasion of the anniversary of the founding of the Ho Chi Minh Communist Youth Union on March 26, 2025, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) launched a VND 40,000 billion credit package to support young people to buy/rent-purchase houses from March 26 to December 31, 2025 with many outstanding policies applied for the first time, helping the young generation easily realize their dream of settling down.

Accordingly, individual customers up to 35 years old who want to buy/rent-purchase houses nationwide are supported with a fixed interest rate of 5.5%/year for the first 3 years and the following years equal to the 24-month term capital mobilization interest rate + 3%/year; loan term up to 40 years and especially no principal repayment within 5 years applied on a maximum amount of 5 billion VND/customer.

For projects that commit to dedicating at least 30% of total output to young people, investors will be offered a preferential interest rate of 6%/year fixed for up to 24 months by BIDV, and in subsequent years will be 1%-2%/year lower than the normal interest rate.

With this loan package, customers can borrow up to 70% of the value of the house they intend to buy and 50% of the value for the need to borrow to hire purchase. Customers borrowing to buy/hire purchase a house can be flexible in choosing suitable collateral such as: valuable papers/deposit balance, house they intend to buy/hire purchase with loan capital; other owned real estate...

In addition, with competitive interest rates and a principal-free policy of up to 5 years, young people can completely rest assured to reduce debt repayment pressure and enjoy life in their dream home.

Aiming to completely solve the problem of housing supply and demand as well as encourage investors to target the young customer segment, BIDV is the pioneer bank to offer preferential packages for project investors. BIDV considers lending up to 75% of the total investment and the loan term is unlimited, in accordance with the project's cash flow. The credit package is applied to both new loan projects or projects that have been approved by BIDV but have not yet disbursed. In addition, BIDV prioritizes disbursement for investors with policies to reduce selling prices for young people.

To effectively disburse this credit package, BIDV optimizes the processing procedure to provide maximum support to customers in loan procedures and documents; shortens appraisal time, approval time, and disbursement time./.

https://www.vietnamplus.vn/bidv-trien-khai-goi-tin-dung-40000-ty-dong-ho-tro-nguoi-tre-co-nha-post1022869.vnp#google_vignette

Source: https://baohungyen.vn/bidv-trien-khai-goi-tin-dung-40-000-ty-dong-ho-tro-nguoi-tre-co-nha-3180148.html