Ease your worries about interest rate fluctuations
The program “Buy a Noble House – Financially at Ease” recently announced by Vinhomes is causing a stir among customers because of its unparalleled privileges in the market.
Specifically, customers only need to make a 30% down payment to immediately own diverse Vinhomes products from the North to the South, ranging from townhouses at Vinhomes Ocean Park 2, apartments at The Zenpark – Vinhomes Ocean Park 1 (Hanoi), to apartments at The Beverly – Vinhomes Grand Park (Ho Chi Minh City). The remaining 70% will be supported with a loan term of up to 15 years.
Especially, according to the program, home buyers will be guaranteed a fixed interest rate. Specifically, for the first 2 years, home buyers are guaranteed a maximum interest rate of 7% per year. In the following years, the maximum interest rate is 9.5%.
If the actual interest rate of the bank is lower, home buyers will be entitled to the applicable interest rate of the bank. If the actual interest rate is higher, home buyers will be guaranteed to only pay a fixed rate of 8% per year or 9.5% per year, and the difference will be fully paid by Vinhomes to the bank.
“As an individual customer, I currently have to pay an interest rate of about 7-10% when buying a house, and after the preferential period, I will have to pay at least an additional 3.5%, which is up to 13.5%. So a maximum fixed rate of only 9.5% is a great opportunity,” said Mr. Tran Chi Minh, a customer working in the technology industry, living in Hanoi.
According to Mr. Minh, a long period of several decades means that floating interest rates can increase significantly, exceeding the threshold of 13.5% as seen in the market in recent years. The fixed interest rate program for a long period of time, along with the attractive incentives offered by Vinhomes, has removed this major obstacle and made customers like him feel completely at ease.
“My spouse and I have moved to The Zenpark and have decided to take advantage of this opportunity,” Mr. Minh said.
Seize the opportunity as the market enters a new cycle
According to experts, Vinhomes’ special program is bringing early opportunities to own a house before the market enters a new growth cycle.
For example, in the last few months of 2023 and the beginning of 2024, a series of laws related to the real estate market were approved by the National Assembly, such as the Law on Real Estate Business (amended), the Law on Housing (amended), and the Law on Land (amended), which are expected to create favorable policy opportunities for the market. Moreover, many provinces and cities have recently announced their 2021-2030 planning like Ba Ria – Vung Tau, Hai Duong, Nghe An, Ha Tinh, Lai Chau, Binh Dinh, Hoa Binh, Hau Giang, Kien Giang… which further opens up opportunities for the real estate market.
Early opportunity to own a house as the market enters a new growth cycle
In addition, according to the assessment of the Ministry of Construction, in the recent time, the Government and the ministries and sectors have made efforts to implement synchronous solutions to remove difficulties and increase the credit absorption capacity of the economy. Many banks continue to reduce deposit interest rates, and the interest rates for home loans of some banks have also decreased compared to the previous period.
On the other hand, changes and adjustments in the macroeconomic landscape and expected economic growth also bring positive signals to the economy in general and the real estate market in particular.
However, according to experts, the current market is still facing difficulties in terms of supply. In 2024, there is still a lack of products entering the market. Along with the high input factors, the real estate market is expected to increase this year.
Therefore, owning a house at this time is considered a “double-advantage” investment as it not only takes advantage of favorable policies to have a stable place to live but also enjoys good profits over time. Especially, Vinhomes branded urban areas will be more valuable because they are located in prime locations, with easy access and connection to central areas for both investment and residential needs. Moreover, Vinhomes projects have a high-class utility ecosystem for the whole family such as Vinschool schools, Vincom shopping centers, Vinmec hospitals, and large internal park systems…
