Increase loan rates for students from May 19, 2022
On March 23, 2022, the Prime Minister issued Decision 05/2022/QD-TTg amending and supplementing Decision 157/2007/QD-TTg on credit for students.
Article table of contents
Accordingly, amending the loan amount for students as follows:
The maximum loan amount is 4,000,000 VND/month/student.
(Currently, the maximum loan amount is 2,500,000 VND/month/student).
Thus, from May 19, 2022, the maximum loan amount for students will increase by 1.5 million VND/month/student.
In addition, Decision 05/2022/QD-TTg also amends loan beneficiaries, including:
Students and students who are members of a household belonging to one of the following categories:
+ Poor households according to the standards prescribed by law.
+ Near-poor households according to the standards prescribed by law.
+ Households have an average standard of living according to the standards prescribed by law.
(Currently, students are members of poor households or households with a maximum per capita income equal to 150% of the per capita income of poor households as prescribed by law. the law)
Decision 05/2022/QD-TTg takes effect from May 19, 2022 and annuls Decision 1656/QD-TTg dated November 19, 2019.
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