Gov’t fixes loan interest rate for social housing in 2019

11:19 | 08/03/2019 Finance - Banking

The Government has decided to keep loan interest rate unchanged at 5% this year for purchase, rent or hire of social housing projects, according to Decision No. 255/QD-TTg signed by the Prime Minister.

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The decision took effect since March 4, 2019.

Loan term shall be at least 15 years but borrowers and bankers may reach agreement on shorter term.

Last year, the Prime Minister also signed Decision No. 117/QD -TTg dated January 22, 2018 stipulating this kind of interest rate, which was only applicable in 2018.

Theo VGP