Opportunity for people to "close the house" when loan interest rate drops below 4%/year

The real estate market has been warming up since the beginning of the year.

A report from the Vietnam Association of Realtors (VARS) shows that the real estate market has recorded some "warm" signals in the first quarter of 2024 with the primary supply absorption rate reaching nearly 31%, an 8% improvement over the previous quarter and double the same period last year.

After a period when the market was almost "frozen" due to no new projects being implemented, investors have begun to reactivate a series of potential projects, in addition to many large-scale groundbreaking activities being carried out.

Mr. Duc Anh (Thanh Xuan, Hanoi), a real estate broker in Cau Giay, Nam Tu Liem area, said: “This year’s market is completely different, the number of customers has increased steadily since the beginning of the year. Supply is no longer limited like last year, so many people are willing to close an apartment in just two or three days.”

According to many experts, the current time is completely suitable for customers who want to buy a house to disburse and pay for the house, especially for the apartment segment, which is often concentrated in two major cities, Hanoi and Ho Chi Minh City.

Along with proactively searching for projects that are legally complete and have full documents confirming land use rights, customers can also take advantage of preferential capital from banks to soon fulfill the dream of "settling down" for themselves and their families.

Less than 3 days after being put up for sale, the apartment with an area of ​​over 70m2 of Ms. Hong Hanh (Bac Tu Liem, Hanoi) had a deposit. According to Ms. Hanh, the customer was an acquaintance of the neighbor next door to her family's apartment, so he only came to see the house once and then decided to make a deposit.

“My homebuyer is a young couple, with about 2 billion VND in hand and plans to borrow another 2 billion VND from the bank with preferential interest rates. They also proposed that my family support them to quickly complete the apartment purchase procedures with the three-party disbursement plan of PVcomBank,” Ms. Hanh added.

PVcomBank launches a preferential credit package with interest rates starting from only 3.99%/year for customers borrowing to buy houses.

Understanding the real housing needs of the people, Vietnam Public Joint Stock Commercial Bank (PVcomBank) has recently launched a preferential credit package focusing on the home loan segment with attractive interest rates starting from only 3.99%/year. This is an extremely competitive interest rate compared to the general market level.

In addition, customers can also borrow up to 85% of the value of the collateral, with a limit of up to 20 billion VND and a repayment period of up to 30 years. In addition, PVcomBank is also particularly flexible in terms of procedures, documents and legal documents to support customers with the earliest disbursement within just 24 hours.

The proactive implementation of preferential credit programs for home loan customers not only contributes to "warming up" the real estate market after a period of "hibernation", thereby promoting credit demand in society, but also demonstrates PVcomBank's role in being ready to build flexible financial solutions to support people to have the opportunity to own a house at a reasonable cost.

Source: https://laodong.vn/kinh-doanh/co-hoi-de-nguoi-dan-chot-nha-khi-lai-vay-xuong-duoi-4nam-1346189.ldo