Loan interest rate for social housing set at 5%

VGP – Deputy PM Vuong Dinh Hue has recently inked Decision 117/QD-TTg on preferential loan interest rate on social housing in line with Decree 100/2015/ND-CP, dated October 20, 2015 on development management of social housing.

January 25, 2018 2:10 PM GMT+7

Accordingly, the preferential lending interest rate for social housing projects in 2018 is 5%.

The new decision took effect from the day of signing and replaced Decision 48/QD-TTg, dated January 13, 2017.

The interest rates will be applied for house buyers who have already sought loans from the VND 30 trillion (US$1.32 billion) housing stimulus package launched in 2013 as the minimum repayment term is 15 years, and from the Việt Nam Bank for Social Policies (VBSP)./.

By Kim Anh