BIDV Launches the "First Home" Preferential Loan Package to Support the Need for True Homeownership
With the goal of helping customers access loans at preferential interest rates, BIDV’s “First Home” loan package also directs funds toward the specific needs of purchasing, building, and renovating homes to meet customers’ actual housing needs, with interest rates that are 2% lower than standard rates.
Every Dream of Homeownership Needs a Long-Term Financial Foundation
Owning a home is one of the most important financial goals for many Vietnamese people. However, given the volatility of real estate prices—particularly in major cities—the gap between saving and homeownership is increasingly becoming a long-term challenge for young people.
In reality, most first-time homebuyers need a financial plan that strikes the right balance between their goal of home ownership, their ability to make monthly payments, and other life priorities. Therefore, in addition to interest rates, borrowers must also consider the loan term, their ability to make monthly payments, and the stability of their cash flow throughout the loan period.
Committed to a long-term partnership with customers to achieve the goal of “With BIDV, you have a home,” BIDV is launching the “First Home” preferential loan package, designed for individual customers seeking loans to purchase, build, or renovate a primary residence. The program aims to help customers gradually realize their goal of secure housing through a proactive and sustainable financial plan.
Preferential funding for genuine residential housing needs
Accordingly, BIDV has launched the “First Home” preferential loan package with a total value of VND 30 trillion, featuring a fixed preferential interest rate based on time periods that customers can flexibly choose from the following options:
9.5% per year for 12 months, 10% for 18 months, or 10.5% for 24 months. Notably, this preferential interest rate is 2% lower than that of standard home purchase loans.
The availability of multiple promotional periods allows customers to choose the option that best fits their financial situation. Those expecting their income to increase in the short term may consider a shorter promotional period, while families seeking to stabilize their debt repayment costs during the initial phase may opt for a longer promotional period. Loan terms of up to 30 years help reduce the pressure of regular repayments and allow customers to allocate resources toward other essential family needs.
To qualify for this preferential loan package, customers must be the primary owner or a co-owner and co-user of the house or land purchased with the loan proceeds. At the time of borrowing, the customer—including their spouse if married—must not have any outstanding housing loans with BIDV. The program does not apply to loans for business, investment, or real estate speculation purposes.
