Announcement of the Preferential Loan Interest Rate for Social Housing in 2017

09:38, 11/07/2024

The Prime Minister of the Government of Vietnam has recently signed Decision 630/QD-TTg regulating the preferential loan interest rates for social housing at the Vietnam Bank for Social Policies as stipulated in Decree 100/2015/ND-CP on the development and management of social housing. Accordingly:

- The preferential loan interest rate for investment in social housing construction, purchase, rent, and rent-purchase of social housing at the Policy Bank in 2017 is 4.8% per annum (equivalent to 0.4% per month);- Overdue debt interest rates are calculated at 130% of the loan interest rate.

Thus, compared to 2016, this year's interest rate remains unchanged.

According to regulations, annually, the Social Policy Bank will conduct a review and assessment, while also proposing and recommending interest rate adjustments to be appropriate.

Decision 630/QD-TTg takes effect from May 10, 2017.

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