Increase loan rates for students from May 19, 2022

Increase loan rates for students from May 19, 2022
Bảo Ngọc

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.

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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