What are the interest rates of Big4 banks?

Average lending/mobilization interest rates are publicly announced by banks every month from March 2024 according to the Prime Minister's telegram sent to the State Bank and credit institutions on March 5, 2024.

The average lending interest rate is understood as the average lending interest rate of loans arising during the period. However, the actual lending interest rate applied to each customer depends on the level of risk, financial capacity and collateral...

Up to now, most banks have announced average interest rates for January 2025.

According to VietNamNet's survey of average interest rates of banks in the month, average lending and deposit interest rates at some banks generally decreased slightly compared to December 2024.

As at Kienlongbank, the average lending interest rate decreased by 0.07 percentage points. The interest rate difference between deposits and loans also decreased by 0.2 percentage points.

At SeABank, medium and long-term lending interest rates for individual customers have decreased by 0.36 percentage points compared to December 2024 to 7.68%/year.

The group of state-owned commercial banks has the lowest average interest rates (both lending and deposit) at present.

In particular, VietinBank announced the average lending interest rate in January 2025 to be 5.6%/year, the average interest rate difference between lending and mobilization is 2.3%/year.

BIDV lends at an average interest rate of 5.66%/year; average deposit interest rate is 2.91%/year.

The interest rate difference (average lending - average mobilization) at BIDV is 2.75%/year; the interest rate difference after deducting costs related to capital mobilization and capital use is 1.67%/year.

At Vietcombank, the average lending interest rate in January 2025 is 5.70%/year; the average difference between deposit and lending interest rates is 2.9%/year. The interest rate difference after deducting costs related to capital mobilization and use is 1.3%/year.

At Agribank, the average lending interest rate in January 2025 is 6.8%/year; the average difference is 1.45%/year.

Although it is the bank with the highest average lending interest rate in the Big4 group, in more detail, the short-term lending interest rate for some priority sectors at Agribank is only 4%/year.

For normal lending interest rates, Agribank applies a minimum short-term lending interest rate of 5%/year and a minimum long-term lending interest rate of 6%/year.

With an average deposit interest rate of 3.67%/year and other costs (including mandatory reserves, payment reserves, deposit insurance and operating costs) of 1.68%/year, the average cost of capital at Agribank is 5.35%/year.

For joint stock commercial banks and limited liability banks, some banks announce both average lending interest rates for corporate and individual customers.

At BaoViet Bank, the average lending interest rate is 8.95%/year, in which the average lending interest rate applied to individual and corporate customers is 6.87%/year and 9.13%/year respectively. The difference between deposit and lending interest rates is 3.71%/year.

At OCB, the average lending interest rate for individual and corporate customers is 7.54%/year and 9.12%/year respectively. The interest rate difference between lending and mobilization is up to 4.04%/year.

LPBank announced the average short-term lending interest rate for loans arising in January is 6.89%/year. The average mobilization interest rate for deposits of all terms is 4.75%/year. The interest rate difference between lending and mobilization is 2.14%/year.

At BVBank, the average lending interest rate is 8.62%/year, of which the interest rates applied to corporate and individual customers are 8.79% and 8.38%/year, respectively.

The average medium and long-term lending interest rate for individual customers at Indovina Bank (IVB) is up to 9.03%/year, short-term 7.32%/year.

VIB Bank announced the average lending interest rate for individual customers is 7.12%/year, while the average lending interest rate for corporate customers is 5.9%/year.

The average lending interest rate in January 2025 at Eximbank is 6.78%/year. Of which, the average lending interest rate for individual customers is 7.62%/year and for corporate customers is 5.75%/year.

For joint venture banks, the average lending interest rates for corporate and individual customers at Hong Leong Bank Vietnam Limited are 6.01%/year and 5.26%/year, respectively.

Hong Leong announced average deposit interest rates for corporate and individual customers at 5.07%/year and 5.07%/year respectively.

The average difference between lending and deposit interest rates is 0.94%/year (corporate customers) and 0.19%/year (individual customers).

Indovina Bank (IVB) announced that the medium and long-term loan interest rate for corporate customers is 9.6%/year, and short-term is 6.22%/year.

The difference between average deposit and lending interest rates at IVB is 2.76%/year.

AVERAGE INTEREST RATES IN JANUARY 2025 AT BANKS (%/YEAR)
STT BANK LOAN MOBILIZATION DIFFERENCE
1 VIETINBANK 5.6 3.3 2.3
2 BIDV 5.66 2.91 2.75
3 VIETCOMBANK 5.7 2.8 2.9
4 HONG LEONG 6.01 5.07 0.94
5 MSB 6.4 4.47 1.63
6 ACB 6.52 4.33 2.19
7 VCBNEO 6.57 5.44 1.13
8 EXIMBANK 6.78 5.13 1.65
9 AGRIBANK 6.8 3.67 1.45
10 LPBANK 6.89 4.75 2.45
11 MB 6.89 3.66 3.23
12 GPBANK 6.91 5.23 1.66
13 SHB 7.01 4.65 2.36
14 TECHCOMBANK 7.09 3.96 3.13
15 VIB 7.12 4.79 2.33
16 SACOMBANK 7.24 4.22 3.02
17 NAM A BANK 7.29 5.1 2.17
18 PGBANK 7.32 5.26 2.06
19 ABBANK 7.61 4.89 2.72
20 SEABANK 7.68
21 IVB 8.04 5.28 2.76
22 PVCOMBANK 8.26 5.81 2.45
23 OCB 8.33 5.08 4.04
24 KIENLONGBANK 8.39 5.56 2.83
25 TPBANK 8.55 5.2 3.35
26 BVBANK 8.62 5.18 3.44
27 BAC A BANK 8.75 5.28 3.47
28 BAOVIETBANK 8.95 5.24 3.71
29 SCB 9.0 5.88 3.12
30 SAIGONBANK 9.03 4.73 4.3
31 VIET A BANK 9.56 5.61 3.95

Low interest rates for young home buyers

Lending and deposit interest rates continue to decrease as requested by the Prime Minister and the State Bank of Vietnam. Notably, a number of banks have announced extremely low interest rate credit packages for first-time homebuyers after the Prime Minister directed credit solutions for young people to buy houses. SHB has launched a credit package with interest rates starting from only 3.99%/year.

According to SHB, the program takes place from now until December 31, 2025 with a scale of up to 16,000 billion VND.

Customers will be able to borrow up to 90% of the value of the property they intend to buy, with no limit on the loan amount. In addition, customers will also be exempted from paying principal for the first 60 months, with a loan term of up to 35 years and a principal repayment schedule designed specifically according to their financial capacity (paying the principal in equal/increasing installments with a periodic frequency of monthly/quarterly or up to 6 months/time).

Home loan customers can be flexible in choosing suitable collateral such as: valuable papers/deposit balance, real estate intended to be purchased through loan capital/other owned real estate or cars.

Previously, ACB announced the implementation of the "First Home" loan package for young people. The term of this loan is up to 30 years, the first fixed interest rate period is 5 years, and the preferential interest rate is only from 5.5%/year.

The loan recipients are young customers aged 18-35 with stable jobs and regular monthly income.

HDBank has also joined the game by launching a home loan program with interest rates starting at just 4.5% per year and a term of up to 50 years. With a capital source of VND30,000 billion, the program aims to support customers in owning a home with a more flexible and optimal financial solution.

Although SeABank has not officially announced a loan package for young people to buy houses, the bank is also implementing a credit package for home buyers with an interest rate of 6.5%/year, a maximum loan term of up to 35 years, and a principal grace period of up to 18 months.