Vietnam.vn - Nền tảng quảng bá Việt Nam

Banks compete to reduce home loan interest rates to record low

Việt NamViệt Nam14/10/2024


home-loan-interest.jpg
Home loan interest rates continue to fall

According to a survey, home loan interest rates from banks continue to decrease and are considered to be the lowest ever.

In the Big4 group, Agribank applies a fixed interest rate of 6%/year for the first 6 months, 6.5%/year fixed for the first 12 months (minimum loan term of 3 years), 7%/year fixed for the first 24 months (minimum loan term of 5 years) for medium and long-term loans for the purpose of buying a house, living needs and real estate business.

In addition, this bank also has a preferential short-term loan interest rate program for individual customers serving production and business activities with interest rates from only 4%/year for short-term loans (from 3 months or less).

Loan interest rate from 4.5%/year for loans over 3 - 6 months; from 5%/year for loans over 6 - 12 months.

Meanwhile, the home loan interest rate at BIDV bank is as follows: The minimum home loan interest rate is 5%/year fixed for the first 6 months (36-month term) or 5.5%/year for the first 12 months (60-month term), applicable to customers in Hanoi and Ho Chi Minh City.

For customers outside these two major cities, the minimum home loan interest rate is 6%/year fixed for 24 months or 7%/year for the first 36 months.

VietinBank provides loans for home construction and repair with the following interest rates: 6.2%/year fixed for the first 18 months; 6.7%/year fixed for 24 months; or 8.2% fixed for 36 months. In addition to the fixed interest rate period, the interest rate will be added with a margin depending on the time.

At Vietcombank, interest rates range from 5.5%/year for the first 6 months for loans under 24 months, from 5.7%/year for the first 12 months for loans over 24 months, 6.5%/year fixed for the first 2 years; 8.5%/year fixed for the first 3 years. After the preferential period, the interest rate will be equal to Vietcombank's 12-month deferred deposit interest rate plus 3.5%, currently around 9%/year.

In non-state banks, some banks also have low home loan interest rates such as:

TPBank offers preferential interest rates for home purchase/renovation loans with 0% fixed for the first 3 months; 6.6% fixed for the first 12 months; 7.6% fixed for the first 24 months; 8.6% fixed for the first 36 months. After the preferential interest rate, the interest rate is "floating", currently around 11.4%.

VPBank offers a variety of interest rate options as follows: 4.6% fixed for 3 months; 5.9% fixed for 6 months; 7.2% fixed for 12 months; 9.8% fixed for 18 months; or 10.3% fixed for 24 months. Applicable to loans of at least 48 months. The interest rate margin after the promotion is 3.5%. Currently, VPBank's floating interest rate is around 11%/year.

At Eximbank, the fixed interest rate is 3.5%/year for the first 2 months; 7.5%/year for the next 22 months. The post-preferential interest rate is calculated by the base interest rate + a margin of 3%. The penalty fee for early repayment in years 1, 2, 3 is 2%, year 4 is 1%, and from the 5th year it is free. Currently, Eximbank's floating interest rate is around 10-11%/year.

The interest rate for real estate loans at PVComBank in the first 3 months is fixed at 3.99%, fixed at 5.99% in the first 6 months; 6.2% fixed at 12 months, 6.99% fixed at 18 months; loan term is 20 years, loan limit is up to 85%. After the preferential period, the floating interest rate will be calculated according to the formula (base interest rate + margin of 3.3%), around 10-11%/year.

Techcombank's home loan interest rate is fixed at 5% for 3 months, 6.3% for 6 months, 6.7% for 12 months, 7.0% for 18 months, 7.5% for 24 months. Early repayment fee: in the first year (2.5%); 2nd and 3rd years (2%); 4th and 5th years (1%). After the preferential period, the floating interest rate will be calculated with a margin of 3.5%. At that time, Techcombank's floating interest rate will fall to around 10-11%/year.

At some foreign banks such as HSBC, home loan interest rates are fluctuating from 5.5% - 8.99%/year applied for loan terms of 6 - 60 months. Of which, 5.5% applies to 6 months, 6.5% applies to 12 months, 6.99% applies to 24 months, 7.99% applies to 36 months, 8.49% applies to 48 months and 8.99% applies to 60 months.

Woori Bank's loan interest rates for home purchases have the following options: fixed at 5.3% for 1 year; fixed at 6% for 2 years; fixed at 6.4% for 3 years. After the promotion, the interest rate will be floating, calculated by the average 12-month deposit interest rate (for individuals) of state-owned banks + a margin of 4%. The early repayment fee is 3% in the first year, 2% in the second year, 1% in the third year, and free from the fourth year.

TH (according to VTC News)


Source: https://baohaiduong.vn/ngan-hang-dua-nhau-giam-lai-suat-cho-vay-mua-nha-thap-ky-luc-395597.html

Comment (0)

No data
No data

Same tag

Same category

Spectacular start of Vietnamese film market in 2025
Phan Dinh Tung releases new song before concert 'Anh trai vu ngan cong gai'
Hue National Tourism Year - 2025 with the theme "Hue - Ancient Capital - New Opportunities"
Army determined to practice parade 'most evenly, best, most beautiful'

Same author

Heritage

Figure

Business

No videos available

News

Political System

Local

Product