Banks provide financial support, real estate purchasing power increases

Thanks to the financial support of banks, many housing construction projects have been launched and launched to the market.

Customers also have access to home loan packages with attractive interest rates, high loan limits, and long terms. This form has quickly become popular and attracted many customers, contributing to stimulating purchasing power and increasing liquidity in the real estate market.

The form of bank financial support for home buyers is no longer strange in the real estate market recently. Almost every housing project, in the segment of low-cost commercial housing, social housing or luxury housing..., has seen the appearance of one or several banks lending money, with the repayment period of both principal and interest being up to 15-20 years. This is an important reason why many customers quickly make the decision to buy a house as soon as they choose a suitable project.

Ms. Truong Thi Thom in Chuong My, Hanoi said that thanks to the bank's support, she decided to apply for a loan to buy an apartment at an apartment project in Van Canh urban area, Hoai Duc district, Hanoi.

“Access to loans was quite easy, the confirmation procedure was also quick and simple. The bank disbursed the loan in parallel, so the first installment customers only needed to pay a few tens of millions to be able to sign the purchase and sale contract. The amount of money we spent each time was not too stressful, so buying and selling became much easier,” Ms. Thom shared.

Not only supporting low-income people to buy cheap houses, many banks also cooperate with investors to speed up the completion of resort real estate projects, luxury villas... Customers buying real estate in this segment also receive many incentives when they can borrow up to 70-80% of the apartment value, with attractive interest rates, even equivalent to the interest rate of the 30,000 billion VND credit package.

Many bank leaders believe that the real estate market is showing signs of recovery, so for projects with favorable locations that have not been able to continue due to lack of capital, banks are ready to create favorable conditions to support finance. Mr. Vu Duc Thuc, Director of Nam A Bank, Hanoi branch, said: this bank has cooperated with the investor of a resort project in Nha Trang, Khanh Hoa. After announcing the form of lending money with a low interest rate of only 5%, the number of customers registering to buy has increased significantly.

“This is a project that Nam A Bank has the best support package ever. For customers who buy the project, the first year will be supported with a 0% interest rate and the second year will be a 5% interest rate, which can be said to be the most preferential interest rate on the banking market,” said Mr. Thuc.

In addition, many banks also commit to monitoring finances and disbursing money according to construction progress. Accordingly, customers will pay directly to the bank. In case the progress and handover time are not as committed, the bank will refund the money to the customer plus the current interest rate. According to experts, with this guarantee, customers will feel more secure with their assets, and the liquidity of the projects will also be improved.

Ms. Nguyen Thuy Dung, Deputy Sales Director of HT Real Estate Joint Stock Company, commented that this is a good opportunity for people with stable income to participate in buying and owning a house, the credit package mechanism is very open. Investors are dividing the products and bringing the product value back to its real value, promoting better supply to customers. However, according to Ms. Dung, the current demand from customers is still very large.

Mr. Nguyen Van Dinh - General Secretary of the Vietnam Real Estate Brokers Association said that financial support from banks is not only beneficial for home buyers, but also contributes to solving inventory in the current real estate market.

Bank capital is flowing more strongly into the real estate market. In addition to the 30 trillion VND credit package, the active participation of banks in the real estate market in recent times has been effective, clearly stimulating real estate purchasing power. However, when deciding to borrow money from a bank to buy a house, customers need to carefully study the terms of the contract, loan procedures as well as repayment plans, to avoid possible unfavorable situations or inability to repay the debt./.

According to vov.vn