From May 10, 2023, the concessional loan interest rate for purchase of social houses is 4.8 %/year

On May 10, 2023, the Prime Minister issues Decision No. 486/QD-TTg on the Vietnam Bank for Social Policies’ concessional loan interest rate for the purchase and rent-purchase of social houses and house building, renovation, or repair.

In particulars, the Prime Minister decides to apply the Vietnam Bank for Social Policies’ concessional loan interest rate of 4.8% per annum for the purchase and rent-purchase of social houses and house building, renovation or repair under Article 16 of Decree No. 100/2015/ND-CP which is amended by Clause 10 Article 1 of the Decree No. 49/2021/ND-CP.

The Vietnam Bank for Social Policies shall take full responsibility for reported and proposed contents and data.

loan interest rate for purchase of social houses is 4.8 %/year
The concessional loan interest rate for purchase of social houses is 4.8 %/year (Illustration) 
 

The Decision No. 486/QD-TTg takes effect from May 10, 2023, to December 31, 2024. A social house means a house constructed with the State’s support for a person who is entitled to the housing support policy prescribed in the Housing Law 2014.

In accordance with Article 49 of the Housing Law 2014, subjects are entitled to social housing support policies if meeting the conditions as follows:

- Persons with meritorious service to the revolution;

- Poor households and households living just above the poverty line in rural areas;

- Households in rural areas frequently hit by natural disasters or affected by climate change;

- Low-income earners, poor households, and households living just above the poverty line in urban areas;

- Persons working in enterprises inside and outside industrial parks;

- Officers and non-commissioned officers engaged in professional operations, non-commissioned officers engaged in technical operations, career army men, workers in agencies and units of the People’s Public Security and People’s Army;

- Cadres, civil servants, and public employees;

- Subjects that have returned official-duty houses;

- Households and individuals that are subject to land recovery or house clearance or demolition as prescribed by law and have not yet received any compensations in houses or residential land.

1900 6192 để được giải đáp qua tổng đài
090 222 9061 để sử dụng dịch vụ Luật sư tư vấn (CÓ PHÍ)
Đánh giá bài viết:
Bài viết đã giải quyết được vấn đề của bạn chưa?
Rồi Chưa

Tin cùng chuyên mục

Vietnam Law Day promotes respect for legislation and culture of legal compliance

Vietnam Law Day promotes respect for legislation and culture of legal compliance

Vietnam Law Day promotes respect for legislation and culture of legal compliance

Observed annually on November 9, Vietnam Law Day seeks to promote respect for the constitution and the law, raise public awareness of legal compliance and encourage people to make respect for regulations an integral part of everyday life. This year’s activities place greater emphasis on practical, people-centred legal education and digital transformation.

Proposed programme strives for at least 50 per cent drug-free communes and wards nationwide by 2030

Proposed programme strives for at least 50 per cent drug-free communes and wards nationwide by 2030

Proposed programme strives for at least 50 per cent drug-free communes and wards nationwide by 2030

The Government has recently proposed a national target programme on drug and crime prevention and control for the 2026-35 period, that aims for at least 50 per cent of communes and wards nationwide to be drug-free by 2030, binding the responsibilities of grassroots Party Committees and local authorities.

Vietnam well-positioned to attract high-quality European investment: insiders

Vietnam well-positioned to attract high-quality European investment: insiders

Vietnam well-positioned to attract high-quality European investment: insiders

Vietnam has established a considerable manufacturing and export base, giving it an advantage in attracting investment from European corporations. However, amid the restructuring of global supply chains, the key objective is not merely to attract more investment, but also to enhance the quality of investment and the value it generates.