Three-fourths of VND30-trillion home loan package disbursed

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Three-fourths of VND30-trillion home loan package disbursed

Saigon Times - 5/4/2016 8:23:35 AM

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Around three-fourths of the VND30-trillion low-interest home loan package for low-income buyers has been disbursed, said the Department of Housing and Real Estate Market Management under the Ministry of Construction.

Local banks have pledged a total of VND24.2 trillion in loans for nearly 49,900 individuals and households. Of which, more than 16,200 households have borrowed VND6.8 trillion to buy budget homes, 26,000 with some VND13.9 trillion to buy commercial homes and 7,500 with VND3.5 trillion to repair or construct new homes.

Banks have disbursed over VND18 trillion for 49,900 households, including VND5 trillion for 16,200 households to buy budget homes, VND10.2 trillion for 26,000 households to buy commercial houses and VND2.9 trillion for more than 7,500 households to repair or build new houses.

In Hanoi, over 18,000 households have secured VND9.2 trillion in bank loans while HCMC has 11,900 households taking out VND6.7 trillion in loans.

Most borrowers have gained access to the package to buy low-cost apartments, followed by commercial apartments priced under VND15 million per square meter and measured at 70 square meters or smaller. Just a small ratio of borrowers need house repair or construction.

Besides, banks have pledged to lend to 60 projects with a combined value of VND7.7 trillion, including 16 projects in Hanoi worth VND3.7 trillion and eight projects in HCMC worth nearly VND1.2 trillion.

Lenders have disbursed VND4.2 trillion to 59 projects, including 15 projects in Hanoi and eight projects in HCMC.

According to the department, the value of the nation’s property stockpile stood at around VND41.4 trillion at the end of April, down by VND32.4 trillion (43.9%) against late 2014 and nearly VND3.4 trillion from the previous month.

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