People under 35 years old borrowing to buy social housing officially enjoy interest rates from 6.5%/year
The preferential interest rate for people under 35 years old borrowing to buy social housing from July 1 is 6.5%/year for the first 5 years and 7.5%/year for the next 10 years.
The State Bank of Vietnam has just issued Official Dispatch No. 5340/NHNN-CSTT announcing the lending interest rate applicable to young people under 35 years old buying social housing in the period from July 1 to the end of December 31, 2026.
Accordingly, based on Official Dispatch No. 4290/NHNN-TD dated May 29, 2025 on the implementation of lending to young people under 35 years old to buy social housing and Official Dispatch No. 2382/NHNN-TD dated March 31, 2026 amending and supplementing a number of guiding contents on the program of lending to social housing, worker housing, renovation, and reconstruction of old apartment buildings according to Resolution No. 33/NQ-CP dated March 11, 2023, the State Bank of Vietnam announces the lending interest rate of commercial banks applied to outstanding loans for young people under 35 years old to buy social housing.
In which, the lending interest rate is 2%/year lower than the average medium and long-term VND lending interest rate of 4 state-owned commercial banks Agribank, BIDV, Vietcombank and VietinBank in the first 5 years of borrowing capital (from the first disbursement date). The applied lending interest rate is 6.5%/year.
In the next 10 years of borrowing capital, the lending interest rate applied is 1 percentage point/year lower than the average medium and long-term VND lending interest rate of the above 4 state-owned commercial banks. The applied interest rate is 7.5%/year.
The State Bank requests commercial banks to implement the above interest rate for loans under the program to lend to young people under 35 years old to buy social housing in the period from July 1 to December 31, 2026.
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