HDBank Eases the Path for Property Buyers

HDBank's “Flexible Loan” Program empowers customers with tailored financial solutions for purchasing real estate, building, renovating homes, and addressing various consumption needs.

Launched from March 14, 2024, the program helps ease financial pressures for personal customers, helping ease their defensive approach to property buying, house building and repairing and daily life consumption while the economy is likely entering a new development cycle.

Specifically, HDBank provides real estate loans of up to VND50 billion with a maturity term of up to 50 years, house construction and repair loans of up to VND5 billion with a maximum maturity term of 25 years, and secured consumer loans of up to VND3 billion with maximum maturity term of 25 years. The loan can reach up to 90% of collateral value, with a maximum grace period of 60 months or five years.

This is a golden time that personal customers should seize to lay the foundation for a new development cycle of business and life. Recently, many bottlenecks in monetary and legal policies have been cleared thanks to the Government's great efforts. In particular, credit flows are gradually becoming cheaper for all economic sectors as practical preferential policies from banks for corporate customers and personal customers are working well to motivate market development.

In fact, the real estate market has witnessed a series of old projects being restarted, in addition to new projects opened for sale since the end of 2023. Even more advantageously, project investors and banks are making efforts to balance their resources to offer many attractive stimulus policies such as discounts, promotions and long-term interest rate support. Therefore, if individual customers intend to buy real estate, they should consider seizing current market advantages.

Moreover, renting residential houses and offices is still a "never-cool-down" business. Personal customers can borrow money from banks to build and repair houses for business purposes such as subleasing. Smallholding business owners can borrow money to upgrade their stores and purchase more vehicles to attract customers. Hence, their pressure on credit turnover will also be much lighter.

For customers who only need to repair their houses to improve their quality of life, afford their children's overseas study, or customers who want to purchase high-value assets and many other needs, preferential capital flows from HDBank are a worthy option.

For more detailed information about the "Flexible Loan" Program, please visit https://hdbank.com.vn or contact 19006060 for specific advice on loans.

By Duy Anh, Vietnam Business Forum