THE INTEREST RATE ON CONCESSIONAL LOANS FOR PURCHASING SOCIAL HOUSES IN 2020 IS 4.8%/YEAR
On August 13, 2020, the Prime Minister promulgates the Decision No. 1232/QD-TTg on the interest rates on concessional loans provided by the Vietnam Bank for Social Policies according to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management.
Specifically, the interest rate on concessional loans provided by the Vietnam Bank for Social Policies applied for loans with outstanding loans in 2020 for purchasing, rent-purchasing social houses; building, renovating or repairing houses according to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management shall be 4.8%/year.
This Decision takes effect on the signing date.
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