Not only competing with low interest rates, there are banks offering home loans for up to 50 years

(NLDO) - Preferential interest rates for home loans of 3.88% and 3.99% per year are increasingly available, with banks offering loans for up to 50 years.

HDBank and LPBank are the next two banks to launch home loan programs with preferential interest rates after the Prime Minister's request. Previously, a series of banks, ACB, SHB and Kienlongbank, also launched similar loan packages. Some banks even offer loans with 0% interest rates.

Specifically, HDBank has just launched a home loan program with interest rates starting from 4.5%/year, with a maximum loan term of 50 years. The credit package has a total scale of 30,000 billion VND, targeting customers who want to own a house with flexible financial options.

Customers borrowing from HDBank can enjoy a principal grace period of up to 5 years, a maximum loan of VND 50 billion, with a disbursement level of up to 90% of the value of the collateral. The preferential interest rate of 4.5%/year applies in the first 3 months. The program lasts until the end of 2025.

Banks continuously launch preferential loan packages for home purchases.

According to Mr. Pham Quoc Thanh, General Director of HDBank, this program is implemented to support customers, especially young people, in buying houses. At the same time, this is also part of the solutions to promote the real estate market, in line with the general direction given at the Government Standing Conference with commercial banks on February 11.

LPBank also launched the program "Easy settlement - Secure future" with a scale of 5,000 billion VND, preferential interest rate from 3.88%/year in the first 3 months. Customers from 18-45 years old can access the loan package to buy a house, build or furnish. LPBank allows loans up to 100% of capital needs, maximum loan term of 35 years, with principal grace period of up to 24 months.

Mr. Dang Cong Hoan, Deputy General Director of LPBank, said this policy helps customers reduce financial pressure and makes it easier to own a home.

According to records, many banks have implemented low-interest credit packages for home loans. ACB applies an interest rate of 5.5%/year for the first 3 months, SHB offers 3.99%/year, while Kienlongbank supports young people under 35 years old with an interest rate of 0%/year for the first month.

Source: https://nld.com.vn/khong-chi-canh-tranh-lai-suat-thap-co-ngan-hang-cho-vay-mua-nha-toi-50-nam-196250228111028924.htm