Preferential Loan Interest Rate for Social Housing Purchase in 2020 at VBSP is 4.8% per annum

22:48, 10/07/2024

On August 13, 2020, the Prime Minister of the Government of Vietnam issued Decision 1232/QD-TTg in 2020 on the preferential lending interest rate of the Vietnam Bank for Social Policies as stipulated in Decree 100/2015/ND-CP dated October 20, 2015 of the Government of Vietnam on social housing development and management.

The preferential loan interest rate of the Vietnam Bank for Social Policies applicable to loans with outstanding balances in 2020 for the purchase, lease-purchase of social housing, new construction or renovation, repair of houses for living, as stipulated in Decree 100/2015/ND-CP dated October 20, 2015, of the Government of Vietnam on the development and management of social housing is 4.8% per year.

Thus, compared to 2019, the preferential loan interest rate in 2020 remains the same at 4.8% per year.

Details can be found in Decision 1232/QD-TTg effective from August 13, 2020.

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