Interest rate applicable to designated credit institutions for implementation of social housing policy
27/01/2022 03:01
On January 20, 2022, the State Bank of Vietnam (SBV) issued Decision No. 59/QD-NHNN on the interest rate applicable to the credit institutions designated by the State for the implementation of the social housing policy.
Accordingly, the interest rate offered by the designated credit institutions for customers who borrow for new construction or renovation or repair of residential houses, as prescribed for in the provisions of Paragraph 5 of Article 1 of Circular No. 20/2021/TT-NHNN dated December 30, 2021 amending and supplementing a number of Articles of Circular No. 25/2015/TT-NHNN dated December 9, 2015 of the SBV Governor providing guidance on preferential loans for the implementation of the social housing policy, shall be 4.8% per annum.
The Decision takes effect from the date of its signing and shall replace Decision No. 679/QD-NHNN dated April 22, 2021 of the SBV Governor on the interest rate applicable to the credit institutions designated by the State for the implementation of the social housing policy./.
Source: sbv.gov.vn