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Social housing loan rate remains unchanged at 4.8 percent

Interest rate for social housing loans this year remains unchanged at 4.8 percent a year or 0.4 percent a month like last year from May 10.

Social housing building in Binh Duong province (Photo: SGGP)

Social housing building in Binh Duong province (Photo: SGGP)

According to a Decision made by the Prime Minister, the Vietnam Bank for Social Policies will review, estimate the rate and propose to suitably change it annually.
Beneficiaries of the low interest rate are those with meritorious service to Vietnam’s revolution, low income people, poor households and those near poverty line in urban areas, workers at industrial parks and businesses, police or military servicemen and Government agency cadres and officials.
Overdue debt rate will account for 130 percent of loan interest rate.


By VI QUAN – Translated by Hai Mien

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