Year 2018: Interest Rate for Social Housing Loans Set at 5% Per Annum

Duy Thinh

17:59, 10/07/2024

Here is the notable content stipulated in Decision 117/QD-TTg on the preferential loan interest rates of credit institutions designated by the State under Decree 100/2015/ND-CP on the development and management of social housing.

The banks designated by the State are allowed to provide preferential loans at an interest rate of 5% per annum for the following cases:

- Loans for purchasing, renting, or rent-to-own social housing;- Constructing new or renovating, repairing homes for living purposes.

Please note that the above-mentioned interest rate only applies to cases of purchasing, renting, rent-to-own social housing, and constructing, renovating, and repairing homes for living purposes as stipulated in Decree 100/2015/ND-CP.

Decision 117/QD-TTg is effective from January 22, 2018, replacing Decision 48/QD-TTg.

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