Interest rate of social housing loans is fivepct per annum from 2016

05-Jan-2016 Intellasia | Vietnamplus | 6:00 AM Print This Post

From January 1st 2016, commercial banks will apply five percent per annum lending rate to housing-assistance loans in accordance with the provisions of the State Bank of Vietnam (SBV). This information is confirmed in SBV’s recently issued Decision 2645/QD-NHNN on interest rates of commercial banks on housing-assistance loans 2016, pursuant to the regulations stipulated in Circular 11/2013/TT-NHNN dated May 15th 2013, and Circular 32/2014/TT-NHNN dated November 18th 2014.

Decision 2645 replaces Decision 2788/QD-NHNN dated December 29th 2014 of SBV’s Governor on interest rates of commercial banks on housing-assistance loans in 2015 for the housing assistance loans stipulated in Circular 11/2013/TT-NHNN dated May 15th 2013, and Circular 32/2014/TT-NHNN dated November 18th 2014.

Previously, in Decision 2530a/QD-NHNN, the preferential interest rate offered by appointed credit institutions for customers borrowing capital for construction of social housing projects for sale is also set at five percent per annum. The soft interest rate for customers borrowing capital to construct social housing projects for rent is 4.5 percent per annum.

 


Category: Finance, Vietnam

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