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

Responding to the Government's policy of supporting young people to access housing, the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) has launched a credit package to support young people to buy or rent houses, helping the young generation easily realize their dream of settling down.

Accordingly, from March 26 to December 31, 2025, individuals under 35 years old who want to buy or rent a house will be supported with a fixed interest rate of 5.5%/year for the first 3 years, then apply the 24-month term mobilization interest rate plus 3%/year. Flexible loan term up to 40 years and in particular, borrowers do not need to pay the principal in the first 5 years, applicable to a maximum amount of 5 billion VND/customer.

Not only supporting individual customers, BIDV also applies preferential policies specifically for investors of housing projects targeting young people. Specifically, projects that commit to giving at least 30% of total products to customers under 35 years old will enjoy a preferential interest rate of 6%/year fixed for the first 24 months, lower than the normal interest rate of 1-2%/year in the following years. This contributes to encouraging investors to focus on developing projects that are suitable for the financial capacity of young people.

To effectively disburse the VND40,000 billion credit package, BIDV Vinh Phuc Branch will optimize the processing procedure to provide maximum support to customers in terms of loan procedures and documents; shorten appraisal time, approval time, disbursement time... Customers can go to BIDV Vinh Phuc Branch headquarters and transaction offices in districts and cities in the province to learn about and carry out preferential loan procedures.

Phuong Lien

Source: http://vinhphuctv.vn/Qu%E1%BA%A3n-tr%E1%BB%8B/Tin-t%E1%BB%A9c-chung/ID/366204/BIDV-Vinh-Phuc-trien-khai-goi-tin-dung-40000-ty-ong-ho-tro-nguoi-tre-co-nha