According to National Financial Supervisory Commission, credit to real estate investment increased 5.3% compared with the end of 2015, accounting for 8.5% of total credit. Meanwhile, consumer credit increased 28.7% compared to the end of 2015, accounting for 11.3% of total credit. Consumer credit concentrated primarily on home repairs, purchase of residential properties, home appliances and vehicles.
Currently, commercial banks are saving lending funds with low interest rates for purchase of real estates, home repairs. For example, Eximbank saved VND4,000 billion for consumer loans, business with secured assets by real estate at an interest rate of 6.5% / year. HD Bank is offering loans for buying real estates with an interest rate of 7% / year in 6 months, 8% / year in 12 months and of 8.5% / year in 24 months, 10.5% / year in 36 months...
Reported by K.T – Translated by Ngoc Huynh
