Market

Home loan interest rates February 2025

Quoc DuongDNUM_CEZACZCACF 15:33

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.

Lãi suất vay mua nhà tháng 22025

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% capital requirement
Interest rate (%)
Fixed offer of 6.5% for the first 2 years
Floating interest rates in the following years
Promotion period
First 24 months
Maximum loan term
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 contract/loan plan
Interest rate (%)
For customers in Hanoi and Ho Chi Minh City: The 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 term
30 years (360 months)

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank):Vietcombank supports loans up to 100% of the house 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.
Only from 5.7%/year for the first 12 months with loans over 24 months.

Promotion period
First 6 - 36 months, floating interest rate thereafter
Maximum loan term
30 years (360 months)

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank):Vietinbank provides loans from 70% to 100% of the value of the home purchase contract, 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 Sales Contract value/capital needs
Interest rate (%)
Medium and long term loan interest rates from 5.6%/year.
Social housing loans: 1.5% - 2% lower than medium and long-term loan interest rates
Promotion period
Contact directly
Maximum loan term
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 a loan term of up to 25 years.

Bank
Preferential interest rate
Time of application
Maximum loan term
Maximum loan limit
ABBank
9.65%/year
-
35 years, 3 year grace period
100% capital requirement
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 requirements
North Asia
From 6.6% /year
-
30 years
100% capital requirement
BVBank
From 5 - 7.9%/year
First 6 - 24 months
25 years, principal grace period up to 2 years
75% of property value
CBBank
From 6.5 - 7.5%/year
-
15 years
100% of collateral value
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% capital needs to buy houses, land, apartments
GPBank
From 5.79%/year.
-
20 years
80% of capital requirements
HDBank
8.2%/year in the first 3 months
9.2%/year for 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 requirement of the loan plan
MB Bank
From 4.6%/year
-
30 years, no principal payment up to 5 years
80% of collateral value
MSB
From 5.1%/year
-
35 years
90% of asset value
Nam A Bank
From 4%/year
-
25 years (300 months)
100% capital requirement
NCB
4.99%/year - 7.49%
First 3 months
25 years
90% of capital requirements
OCB
From 8.49%/year
-
30 years, maximum principal grace period of 5 years
100% capital requirement
OceanBank
From 8.9%/year
-
25 years
85% of total capital requirement
PGBank
From 5.5%/year
-
25 years
80% of total capital requirement
PublicBank
From 6% - 7%
First 1 - 2 years
20 years
80% of total capital requirement
PVcomBank
From 5.99% - 10.99%
-
25 years
85% of collateral value
Sacombank
From 4.9%/year
-
30 years
100% capital needs to buy houses, land, apartments
Saigonbank
From 6% - 9.1%/year
1st year
Over 5 years
Based on collateral and customer's ability to repay
SCB
From 7.9%/year
-
25 years
100% capital requirement
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 requirements
Techcombank
From 6.8%/year
24 months
35 years
90% of capital requirements
TPBank
From 5.9%/year
-
30 years
100% capital requirement
VIB
From 5.9% - 7.9%
6 - 24 months
30 years
85% of collateral value
VietABank
From 9% - 11.5%/year
6 - 12 months
25 years
100% capital requirement
Vietbank
From 6.3%/year
24 months
240 months
100% capital requirement
VPBank
From 4.6%
-
35 years, 12 months principal grace period
100% capital requirement, maximum 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 home loan interest rates to stimulate demand. In addition, old loans will have a slower reduction, only 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 over a long period. Calculated based 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 is always an important goal in many people's lives, but with real estate prices increasing, buying a house with a bank loan has become a popular choice. However, to ensure affordability and optimize personal finances, you need to carefully understand the home loan interest rates as well as the accompanying conditions.

Currently, banks often apply two common types of home loan interest rates:

Fixed interest rate: Does not change 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 repayment: 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 not only pay attention to the initial interest rate but also pay attention to 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 early repayment fees for the first 3 years.

Some other banks apply interest rate reductions if customers open deposit accounts or participate in other services.

Featured Nghe An Newspaper

Latest

x
Home loan interest rates February 2025
POWERED BYONECMS- A PRODUCT OFNEKO