Home loan interest rates in February 2025
Each bank has different interest rate policies. Below is an updated table of the latest home loan interest rates for February 2025 from some major banks in Vietnam.
Interest rates for home loans at state-owned banks
State-owned banks often offer preferential interest rates on home loans, along with flexible customer support policies.
Vietnam Agricultural and Rural Development Bank (Agribank):Agribank currently provides loans up to 100% of the capital needed for purchasing real estate, with a preferential interest rate of 6.5% per year, fixed for the first two years. After this period, the interest rate will be adjusted according to market conditions.
| Maximum loan limit | 100% of capital requirements |
| Interest rate (%) | Fixed interest rate of 6.5% for the first two years. Interest rates will float in subsequent years. |
| Promotion period | first 24 months |
| Maximum loan term | 60 months |
Vietnam Investment and Development Bank (BIDV):BIDV offers loans up to 100% of the purchase contract value, with interest rates ranging 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 the first 24 months or 7% per year for the first 36 months.
| Maximum loan limit | 100% of the value of the purchase/transfer contract/loan plan. |
| Interest rate (%) | For customers in Hanoi and Ho Chi Minh City: The minimum interest rate for home loans is 5% per year, fixed for the first 6 months (36-month term) or 5.5% per year for the first 12 months (60-month term). For customers outside Hanoi and Ho Chi Minh City: The minimum interest rate for home loans is 6% per year, fixed for 24 months, or 7% per year for the first 36 months (These preferential interest rates apply from the time of the first disbursement). |
| Promotion period | For the first 6-12 months, after applying a floating interest rate. |
| Maximum loan term | 30 years (360 months) |
Vietnam Foreign Trade Commercial Bank (Vietcombank):Vietcombank offers loans covering up to 100% of the property value, with interest rates ranging from 5.5% to 5.7% per year for the first 6 to 12 months. The maximum loan term is up to 30 years, providing customers with convenient repayment options.
| Maximum loan limit | 100% of the value of the house and land (maximum 50 billion VND) |
| Interest rate (%) | Interest rates start from just 5.5% per year for the first 6 months on loans under 24 months. Interest rates start from just 5.7% per year for the first 12 months on loans over 24 months. |
| Promotion period | Interest rates are floating for the first 6-36 months, after which time the interest rate will be variable. |
| Maximum loan term | 30 years (360 months) |
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank):Vietinbank offers loans covering 70% to 100% of the home purchase contract value, with preferential interest rates starting from 5.6% per year. Notably, for social housing loan programs, interest rates are 1.5% to 2% lower than typical medium and long-term loan rates.
| Maximum loan limit | 70% - 100% of the Sales Contract value/capital requirements |
| Interest rate (%) | Interest rates for medium and long-term loans start from 5.6% per year. Loans for social housing: 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) |
Interest rates for home loans at commercial joint-stock banks.
Joint-stock commercial banks also offer many attractive home loan programs, with competitive interest rates and flexible loan conditions.
Vietnam Technological and Commercial Bank (Techcombank):Techcombank offers real estate loan interest rates starting from 6.5% per year, with loan limits up to 70% of the collateral value and a maximum loan term of 25 years.
Vietnam International Commercial Bank (VIB):VIB applies interest rates for real estate loans starting from 8.4%/year, supporting loans up to 80% of capital needs and loan terms up to 30 years.
Vietnam Prosperity Commercial Bank (VPBank):VPBank offers home loan interest rates starting from 6.9% per year, with a maximum loan limit of 100% of the required amount, up to VND 15 billion, and a loan term of up to 25 years.
| Bank | Preferential interest rates | Applicable period | Maximum loan term | Maximum loan limit |
| ABBank | 9.65%/year | But | 35 years, 3-year grace period | 100% of capital requirements |
| ACB | 7:3-8 | The first 3-12 months | 25 years, 1-year grace period | Based on the value of the house purchased and the collateral. |
| Bao Viet | From 3% per year | But | 25 years | 85% of capital requirements |
| North Asia | From 6.6% per year | But | 30 years | 100% of capital requirements |
| BVBank | From 5 - 7.9% per year | first 6-24 months | 25 years, with a grace period of up to 2 years for principal repayment. | 75% of the property value |
| CBBank | From 6.5 - 7.5% per year | But | 15 years | 100% of the value of the collateral. |
| East Asia | From 0.67%/month, fixed for the first 6 months. or a fixed rate of 0.71% per month for the first 12 months. | first 6-12 months | 20 years | 90% of the capital requirement. |
| Eximbank | From 6.5%/year | But | 40 years, maximum grace period of 12 years. | 100% of the capital needed to buy a house, land, or apartment. |
| GPBank | From 5.79%/year. | But | 20 years | 80% of capital requirements |
| HDBank | 8.2% per year for the first 3 months 9.2% per year for the first 6 months | first 3-6 months | Over 5 years | Minimum 500 million VND |
| Kien Long | From 7.6%/year | But | 20 years | 90% of the value of the Sale and Purchase Agreement/Transfer Agreement |
| LPBank | From 3.9%/year | first 3 months | 35 years | 100% of the loan requirements of the loan plan. |
| MB Bank | From 4.6%/year | But | 30 years, with no principal repayment for up to 5 years. | 80% of the asset value as collateral. |
| MSB | From 5.1%/year | But | 35 years | 90% of the asset value |
| Nam A Bank | From 4% per year | But | 25 years (300 months) | 100% of capital requirements |
| NCB | 4.99%/year - 7.49% | first 3 months | 25 years | 90% of capital requirements |
| OCB | From 8.49%/year | But | 30 years, maximum principal grace period of 5 years | 100% of capital requirements |
| OceanBank | From 8.9%/year | But | 25 years | 85% of total capital requirements |
| PGBank | From 5.5%/year | But | 25 years | 80% of total capital requirements |
| PublicBank | From 6% - 7% | first 1-2 years | 20 years | 80% of total capital requirements |
| PVcomBank | From 5.99% to 10.99% | But | 25 years | 85% of the collateral value |
| Sacombank | From 4.9%/year | But | 30 years | 100% of the capital needed to buy a house, land, or apartment. |
| Saigonbank | From 6% - 9.1% per year | first year | Over 5 years | Based on the collateral and the customer's ability to repay. |
| SCB | From 7.9%/year | But | 25 years | 100% of capital requirements |
| SeABank | From 4.9% - 11% per year | But | 420 months | 100% of the property purchase price, 75% of the asset value as collateral. |
| SHB | From 5.79%/year | But | 25 years | 90% of capital requirements |
| Techcombank | From 6.8%/year | 24 months | 35 years | 90% of capital requirements |
| TP-Bank | From 5.9%/year | But | 30 years | 100% of capital requirements |
| VIB | From 5.9% to 7.9% | 6 - 24 months | 30 years | 85% of the value of the collateral. |
| VietABank | From 9% - 11.5% per year | 6-12 months | 25 years | 100% of capital requirements |
| Vietbank | From 6.3%/year | 24 months | 240 months | 100% of capital requirements |
| VPBank | From 4.6% | But | 35 years, principal grace period of 12 months | 100% of the capital requirement, up to 75% of the house/apartment price, maximum 20 billion VND. |
5 banks with the best home loan interest rates.
Currently, the 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 the survey, state-owned banks (Agribank, Vietcombank, Vietinbank, and BIDV) are offering favorable interest rates for home loans, ranging from 5% to 7% per year.
In February 2025, commercial banks also adjusted down interest rates on home loans to stimulate demand. In addition, existing loans will see a slower reduction, only 1-2%.
5 reputable banks offering home loans with average interest rates.
If you choose to borrow money, consider banks with average loan interest rates and low interest rate adjustment margins. Because home loans are typically repaid over the long term, calculating the interest based on the principal balance is usually more reasonable. Some banks in this category that are popular choices include:
VPBank: 7.2%/year
HDBank: 6.5%/year
VIB: 6.5%/year
TPBank: 6.6%/year
Techcombank: 6.7%/year
These banks typically offer better adjustable interest rate margins. You can contact these banks directly for the most accurate information, which may vary depending on the specific time.
What is the interest rate for a home loan?
Owning a home is always a significant life goal for many people, but with rising real estate prices, buying a home through a bank loan has become a popular option. However, to ensure affordability and optimize personal finances, you need to carefully research mortgage interest rates and accompanying conditions.
Currently, banks typically apply two common types of interest rates for home loans:
Fixed interest rate: Remains unchanged throughout the loan term.
Floating interest rate: Changes according to market conditions after an initial fixed period (usually from 6 months to 3 years).
Fixed interest rates make it easier to control costs, while floating interest rates can rise or fall depending on market fluctuations.
Why is the interest rate on a mortgage important?
Impact on total repayment amount: Long-term loans can result in you paying more in interest than the total value of the house if your financial plan is not optimized.
Impact on monthly payment ability: High interest rates can create significant financial pressure, affecting daily living expenses and other spending.
Choosing the right bank: Each bank has different interest rate policies and loan conditions. Understanding this will help you make an informed decision.
Factors affecting mortgage interest rates
When considering a loan, you should not only focus on the initial interest rate but also pay attention to many other factors:
a) Credit history and credit score
Customers with good credit scores will receive more favorable interest rates from the bank.
A history of bad debt payments can lead to higher interest rates or loan denials.
b) Loan-to-Value Ratio (LTV)
If you borrow less than 50% of the house's value, the interest rate will be lower compared to those who borrow 70% - 80%.
Banks typically prioritize loans secured by high-value collateral.
c) Loan term
The longer the loan term, the higher the total amount of interest to be paid.
If your finances are stable, you should choose a short loan term to reduce the amount of interest you pay.
d) Bank's promotional policies
Some banks offer promotional programs such as:
Some banks offer a policy of waiving early repayment fees for the first three years.
Some other banks offer reduced interest rates if customers open deposit accounts or participate in other services.
