Home loan interest rates February 2025
Each bank has a different interest rate policy. Below is the latest updated home loan interest rate table for February 2025 from some major banks in Vietnam.
Home loan interest rates at state banks
State-owned banks often offer preferential home loan interest rates, along with flexible customer support policies.
Vietnam Bank for Agriculture and Rural Development (Agribank):Agribank currently lends up to 100% of the capital needed to buy real estate, with a preferential interest rate of 6.5%/year fixed for the first 2 years. After this period, the interest rate will be adjusted according to the market.
| Maximum loan limit | 100% of capital needs |
| Interest rate (%) | Fixed offer of 6.5% for the first 2 years Floating interest rates in the following years |
| Promotion period | The first 24 months |
| Maximum loan period | 60 months |
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV):BIDV offers loans of up to 100% of the purchase contract value, with interest rates from 5% to 7% per year fixed for the first 12 to 36 months. Specifically, customers in Hanoi and Ho Chi Minh City can receive an interest rate of 5% per year for the first 6 months or 5.5% per year for the first 12 months. For customers in other areas, the interest rate is 6% per year for 24 months or 7% per year for the first 36 months.
| Maximum loan limit | 100% of the value of the sale/transfer/loan contract |
| Interest rate (%) | For customers in Hanoi and Ho Chi Minh City: Minimum home loan interest rate is 5%/year fixed for the first 6 months (36-month term) or 5.5%/year for the first 12 months (60-month term). For customers outside Hanoi and Ho Chi Minh City: The minimum home loan interest rate is 6%/year fixed for 24 months or 7%/year for the first 36 months (These preferential interest rates are applied from the time of the first disbursement). |
| Promotion period | First 6-12 months, after applying floating interest rate |
| Maximum loan period | 30 years (360 months) |
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank):Vietcombank supports loans up to 100% of the home value, with interest rates from 5.5% to 5.7%/year in the first 6 to 12 months. The maximum loan term is up to 30 years, creating favorable conditions for customers in debt repayment.
| Maximum loan limit | 100% of house and land value (maximum 50 billion VND) |
| Interest rate (%) | Only from 5.5%/year for the first 6 months with loans under 24 months. From only 5.7%/year for the first 12 months with loans over 24 months. |
| Promotion period | First 6 - 36 months, then floating interest rate |
| Maximum loan period | 30 years (360 months) |
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank):Vietinbank provides loans from 70% to 100% of the home purchase contract value, with preferential interest rates from 5.6%/year. In particular, for the social housing loan program, the interest rate is 1.5% to 2% lower than the normal medium and long-term loan interest rate.
| Maximum loan limit | 70% - 100% of the value of the Sales Contract/Capital Need |
| Interest rate (%) | Medium and long term loan interest rates from 5.6%/year. Loans for social housing purchases: 1.5% - 2% lower than medium and long-term loan interest rates |
| Promotion period | Contact directly |
| Maximum loan period | 20 years (240 months) - 35 years (420 months) |
Home loan interest rates at joint stock commercial banks
Joint stock commercial banks also offer many attractive home loan programs, with competitive interest rates and flexible loan conditions.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank):Techcombank offers real estate loan interest rates from 6.5%/year, with loan limits up to 70% of the value of the collateral and a maximum loan term of 25 years.
Vietnam International Commercial Joint Stock Bank (VIB):VIB applies real estate loan interest rates from 8.4%/year, supports loans up to 80% of capital needs and loan terms up to 30 years.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank):VPBank offers home loan interest rates from 6.9%/year, with a maximum loan limit of 100% of demand, up to 15 billion VND, and loan terms up to 25 years.
| Bank | Preferential interest rates | Applicable time | Maximum loan period | Maximum loan limit |
| ABBank | 9.65%/year | - | 35 years, 3-year grace period | 100% of capital needs |
| ACB | 7.3-8 | First 3 - 12 months | 25 years, 1 year grace period | According to the value of the purchased house and mortgaged property |
| Bao Viet | From 3%/year | - | 25 years | 85% of capital needs |
| North Asia | From 6.6% / year | - | 30 years | 100% of capital needs |
| BVBank | From 5 - 7.9%/year | First 6 - 24 months | 25 years, principal grace period up to 2 years | 75% of real estate value |
| CBBank | From 6.5 - 7.5%/year | - | 15 years | 100% of the value of the collateral |
| East Asia | From 0.67%/month fixed for the first 6 months or 0.71%/month fixed for the first 12 months | First 6 - 12 months | 20 years | 90% of capital needs. |
| Eximbank | From 6.5%/year | - | 40 years, maximum principal grace period of 12 years | 100% of capital needs to buy houses, land, apartments |
| GPBank | From 5.79%/year. | - | 20 years | 80% of capital needs |
| HDBank | 8.2%/year in the first 3 months 9.2%/year in the first 6 months | First 3 - 6 months | Over 5 years | Minimum 500 million VND |
| Kien Long | From 7.6%/year | - | 20 years | 90% of the value of the Sales Contract/Transfer Contract |
| LPBank | From 3.9%/year | first 3 months | 35 years | 100% of the loan demand of the loan plan |
| MB Bank | From 4.6%/year | - | 30 years, no principal payment for up to 5 years | 80% of collateral value |
| MSB | From 5.1%/year | - | 35 years | 90% of the property value |
| Nam A Bank | From 4%/year | - | 25 years (300 months) | 100% of capital needs |
| NCB | 4.99%/year - 7.49% | first 3 months | 25 years | 90% of capital needs |
| OCB | From 8.49%/year | - | 30 years, maximum principal grace period of 5 years | 100% of capital needs |
| Ocean Bank | From 8.9%/year | - | 25 years | 85% of total capital needs |
| PGBank | From 5.5%/year | - | 25 years | 80% of total capital requirements |
| Public Bank | From 6% - 7% | First 1-2 years | 20 years | 80% of total capital requirements |
| PVcomBank | From 5.99% - 10.99% | - | 25 years | 85% of the value of the mortgaged property |
| Sacombank | From 4.9%/year | - | 30 years | 100% of capital needs to buy houses, land, apartments |
| Saigonbank | From 6% - 9.1%/year | first year | Over 5 years | Based on the collateral and repayment ability of the customer |
| SCB | From 7.9%/year | - | 25 years | 100% of capital needs |
| SeABank | From 4.9% - 11%/year | - | 420 months | 100% of real estate purchase value, 75% of collateral value |
| SHB | From 5.79%/year | - | 25 years | 90% of capital needs |
| Techcombank | From 6.8%/year | 24 months | 35 years | 90% of capital needs |
| TPBank | From 5.9%/year | - | 30 years | 100% of capital needs |
| VIB | From 5.9% - 7.9% | 6 - 24 months | 30 years | 85% of the value of the collateral |
| VietABank | From 9% - 11.5%/year | 6 - 12 months | 25 years | 100% of capital needs |
| Vietbank | From 6.3%/year | 24 months | 240 months | 100% of capital needs |
| VPBank | From 4.6% | - | 35 years, 12-month principal grace period | 100% capital requirement up to 75% of house/apartment price, maximum 20 billion VND |
5 banks with the best home loan interest rates
Currently, banks with the lowest starting interest rates for home loans include:
BIDV: 5.0%/year
Vietcombank: 5.5%/year
Vietinbank: 5.8%/year
Woori Bank: 5.6%/year
GPBank: 5.7%/year
According to a survey, the group of state-owned banks (Agribank, Vietcombank, Vietinbank and BIDV) are applying good interest rates for home loans ranging from 5 - 7%/year.
In February 2025, commercial banks also adjusted down the interest rates on home loans to stimulate demand. In addition, old loans will have a slower reduction, only from 1 - 2%.
5 reputable banks with average interest rates for home loans
If you choose to borrow money, consider banks with average credit interest rates and low interest rate adjustment margins. Because home loans often have to be paid in the long term. Calculated on the principal balance, the interest rate to be paid is often more suitable. Some banks in this group are chosen by many people:
VPBank: 7.2%/year
HDBank: 6.5%/year
VIB: 6.5%/year
TPBank: 6.6%/year
Techcombank: 6.7%/year
Usually, these banks have better adjusted interest rate margins. You can contact these banks directly for the most accurate information at any given time.
What is the home loan interest rate?
Owning a home has always been an important goal in many people's lives, but with real estate prices increasing, buying a home with a bank loan has become a popular choice. However, to ensure affordability and optimize personal finances, you need to carefully research home loan interest rates and the accompanying conditions.
Currently, banks often apply two common types of home loan interest rates:
Fixed interest rate: Unchanged throughout the loan term.
Floating interest rate: Changes with the market after an initial fixed period (usually 6 months to 3 years).
Fixed interest rates give you easy control over your costs, while floating interest rates can increase or decrease depending on market fluctuations.
Why is home loan interest rate important?
Impact on Total Payments: Long-term loans can cost you more in interest than the total value of the home if you don't optimize your financial planning.
Impact on monthly affordability: High interest rates can create significant financial pressure, affecting living expenses and other expenses.
Choosing the right bank: Each bank has different interest rates and loan conditions. Understanding this will help you make a smart decision.
Factors affecting home loan interest rates
When considering a loan, you should pay attention to not only the initial interest rate but also many other factors:
a) Credit profile and credit score
Customers with good credit scores will receive preferential interest rates from banks.
A history of bad payments can result in increased interest rates or loan denial.
b) Loan to Value (LTV)
If you borrow less than 50% of the home's value, the interest rate will be lower than for borrowers who borrow 70% - 80%.
Banks often give priority to loans with high value collateral.
c) Loan period
The longer the loan term, the higher the total interest payable.
If your finances are stable, you should choose a short loan term to reduce the interest amount.
d) Bank promotion policy
Some banks offer incentives such as:
Some banks have a policy of no prepayment penalty for the first 3 years.
Some other banks apply interest rate reductions if customers open deposit accounts or participate in other services.
