From July 1st, customers under 35 years old at Vietcombank, Agribank, BIDV, VietinBank, MB, etc., will all receive good news.

Illustrative image

The State Bank of Vietnam (SBV) has recently sent a document to commercial banks participating in the social housing loan program, announcing the interest rates applicable to loans for young people under 35 years old purchasing social housing during the period from July 1st to December 31st.

Accordingly, from July 1, 2026 to December 31, 2026, the lending interest rate applied to outstanding balances of social housing loans for people under 35 years old is determined as follows:

For the first five years from the date of the first disbursement, the lending interest rate will be applied at 6.5% per annum, which is 2% lower than the average medium and long-term lending interest rate in VND of the four state-owned commercial banks: Agribank, BIDV, Vietcombank, and VietinBank.

For the next 10 years of the loan, the applicable interest rate is 7.5% per annum, which is 1 percentage point lower than the average medium- and long-term interest rate of these four banks.

The policy is implemented under a loan program for young people under 35 to purchase social housing, based on the guidelines in Official Letter No. 4290/NHNN-TD dated May 29, 2025 and Official Letter No. 2382/NHNN-TD dated March 31, 2026 of the State Bank of Vietnam.

Currently, the program is being implemented at 9 commercial banks, including Agribank, VietinBank, BIDV, Vietcombank, TPBank, VPBank, MB, Techcombank, and HDBank.

Young people under 35 who wish to purchase social housing in eligible projects can contact one of these banks for advice on loan eligibility, required documents, and procedures.

For more details, please refer to Official Dispatch No. 5340/NHNN-CSTT.

Source: CafeF