VPBank Offers Competitive Home Loan Package for Young Buyers: 6.1% Interest, 24-Month Grace Period

In response to the rising demand for homeownership among younger generations, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HOSE: VPB) has introduced a preferential mortgage policy for customers aged 18 to 35. With a fixed interest rate of only 6.1% per annum for the first 12 months and a principal grace period of up to 24 months, this package is being hailed as one of the most competitive offerings in the current market.

Young Generation Leads Housing Demand

According to a May 2025 survey conducted by One Mount Group in Hanoi, 88% of respondents plan to buy a home within the next two years—an indication of strong short-term demand. While the 35–44 age group dominates this trend, the 18–34 demographic also accounts for a significant 27%, reflecting a growing shift toward early homeownership.

Experts from CBRE attribute this trend to the increasing desire among young people for financial independence and private living spaces. The modern and liberal lifestyle is a key factor driving this demand.

Kim Loan, a 32-year-old financial officer living with her aunt in Hà Đông, Hanoi, shared her house-hunting experience. “Affordable apartments are usually too small, and the spacious ones are beyond my budget,” she said. After several months of viewing properties, she finally chose an apartment in East Hanoi. “It was fully furnished, had ample space, and fit within my financial range,” she added.

In the past three years, young buyers have increasingly turned to suburban properties in major cities, priced between VND 2–4 billion per unit. However, this group often lacks substantial savings, prompting a need for supportive financial solutions.

VPBank’s Mortgage Solution: Making Homeownership More Accessible

To support young adults in their pursuit of homeownership, VPBank has adjusted its mortgage offerings with highly favorable terms. Customers aged 18–35 can now secure a home loan with a fixed interest rate of 6.1% per annum for the first year. Loans can extend up to 35 years with financing up to 80% of the property’s value.

Additionally, the package includes a generous 24-month grace period on the principal. These policies are currently applicable to properties in Hanoi, Da Nang, and Ho Chi Minh City.

Kim Loan, after selecting her ideal apartment worth approximately VND 3 billion, chose VPBank for financing. “I needed a VND 800 million loan. VPBank's offer of 6.1% fixed interest and a 24-month grace period was very appealing,” she explained.

She was also impressed by the simplicity and speed of the loan process. “I used the VPBank RACE application to fill out the necessary information. Everything was done online, and I received approval in just a week. Now I’m completing the final steps to register the ownership.”

Fast and Digital: Loan Approval in Just One Minute

One of the standout features of VPBank’s home loan service is its fully digital process via the VPBank RACE platform. Customers only need to submit required documents, and the system processes and approves loans digitally—with results returned within just one minute.

Following approval, disbursement can be completed within one working day, providing swift access to funding and minimizing waiting time.

Flexible Repayment with Early Settlement Incentives

VPBank also offers borrower-friendly early repayment policies. The early settlement fee is capped at 2.5%, and borrowers are exempt from this fee starting in year five. This flexibility allows customers to manage their finances more efficiently and settle loans ahead of schedule without incurring heavy penalties.

VPBank Empowers Young Vietnamese on Their Homeownership Journey

With its tailored financial solutions, seamless digital processes, and customer-centric approach, VPBank is making homeownership more attainable for young adults across Vietnam. These initiatives not only address growing housing needs but also contribute to the development of the real estate market and the broader economy.