“Long-Term Lending: Helping Young People Achieve Home Ownership Dreams”

Owning a home to settle down and build a future is always a significant goal for many young Vietnamese. However, reality shows that property prices are continuously increasing faster than income, making this dream increasingly challenging.

But now, the opportunity to buy a house has become clearer than ever. Thanks to the Government and State Bank of Vietnam (SBV)’s policy orientation and the strong participation of many commercial banks, young people now have flexible financial choices, with low borrowing rates and unprecedented long loan terms.

Policy impetus and bank participation

Immediately after the Standing Government Conference with the banks early in 2025, the Prime Minister directed the SBV and commercial banks to establish preferential credit packages to support young people under 35 years old to buy houses. This directive aims to reduce borrowing rates, promote social housing credit, and facilitate young people’s access to homeownership.

According to experts, expanding credit with reasonable interest rates will increase homeownership for citizens while stabilizing the real estate market and directing capital to segments with genuine needs rather than speculation.

Speaking at a recent credit conference, Deputy Governor Dao Minh Tu said the SBV would flexibly use tools such as refinancing and participating in the interbank market to address capital demands. When liquidity is assured, banks need not increase deposit rates to attract deposits—a basis for stabilizing medium and long-term lending rates.

Translating policy orientations into action, many banks have launched home loan programs with attractive interest rates and extended terms to cater to the needs of young borrowers.

Currently, many top banks in the market are offering home loan packages with preferential interest rates for young people. Low-interest rates with terms of 30 years and more. Notably, HDBank offers rates from 4.5%/year, with a loan term of up to 50 years – the longest in the market today.

Recently, HDBank has further expanded its advantages by offering rates from 3.5% for customers aged 18-35 who borrow to buy a house, with a loan term of up to 50 years and a maximum grace period of 5 years.

According to HDBank’s representative, the longer the loan term, the lower the monthly repayment, significantly reducing financial pressure on borrowers. This is crucial when many young people are still in the asset accumulation phase.

“Golden opportunity” for young people to own homes

It’s not just the supportive credit policies, preferential interest rates, and prospects for stabilization at low levels that make the real estate market attractive to young people today. There are also many favorable factors in the market that encourage young people to make the decision to buy a house.

According to Dr. Nguyen Van Dinh, Vice Chairman of the Vietnam Real Estate Association, the real estate market in 2025 is expected to enter a stable phase of sustainable growth, with many opportunities for both investors and real buyers. Real estate supply is expected to grow, especially in Hanoi and its satellite towns, with about 3,000-7,000 products, and Ho Chi Minh City and surrounding areas with about 8,000 products. In addition, many developers are launching promotional programs to help customers own homes more easily.

Hoang Quoc Dung (29 years old, Ho Chi Minh City), a customer who has just signed a home loan contract, shared: “My wife and I used to think it would take another ten years to save enough for a house. But with the long-term loan package, preferential interest rates, and grace period policy, we only need to pay about VND 7-8 million per month, which is within our capacity. So we decided that this is the opportunity to realize our long-awaited goal.”

With these favorable conditions, now is arguably the best time in many years for young people with plans to own a home to boldly make their dream come true.

To seize this opportunity, financial experts recommend that when taking out a home loan, customers should choose a suitable loan, carefully study the interest rate policy, and determine their actual needs and repayment ability. Therefore, choosing the right bank and loan package is crucial, helping young people own a home sooner and maintain a stable financial life in the long term.