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| Reducing interest rates on social housing loans contributes to realizing the dream of home ownership for low-income people - Photo: NP |
Accordingly, the preferential interest rate for loans to buy or hire-purchase social housing is reduced from 6.6% to 5.4% per year, and the overdue interest rate is 130% of the loan interest rate. For loans signed before October 10 at the Social Policy Bank, the credit contract will be adjusted to apply an interest rate of 5.4% per year to the actual principal balance and overdue principal balance (if any).
Eligible borrowers include: People with meritorious services to the revolution, relatives of martyrs who are eligible for housing improvement support according to the provisions of the Ordinance on preferential treatment for people with meritorious services to the revolution; low-income people in urban areas; workers and laborers working at enterprises, cooperatives, and cooperative unions inside and outside industrial zones; officers, professional soldiers, non-commissioned officers of the people's armed forces; defense workers and civil servants currently serving in the army, people working in cryptographic work, people working in other positions in cryptographic organizations receiving salaries from the state budget; cadres, civil servants, and public employees; poor and near-poor households in rural areas, urban areas, and rural areas in areas regularly affected by natural disasters and climate change.
Reducing the interest rate for preferential loans for social housing is a strong step, concretizing the determination of the Party and State in solving the housing problem for low-income people and ensuring social security. The regulation allowing adjustment of old loans demonstrates humanity, fairness and encourages people to boldly borrow to buy social housing.
In Quang Tri , the total outstanding debt from the social housing loan program up to now has reached over 1,026 billion VND with 2,804 outstanding customers. Recently, the Social Policy Bank system has actively coordinated with the Party Committee and the government to review and synthesize the loan needs of the subjects; increased propaganda and dissemination of the social housing loan program to all people so that they can know and access it when needed. At the same time, organized training on the process, procedures, and loan documents for localities, organizations providing entrusted services, savings and loan groups; on that basis, conduct reviews and disbursements to customers in need, eligible for loans, ensuring publicity and compliance with regulations.
Nam Phuong
Source: https://baoquangtri.vn/kinh-te/202510/giam-lai-suat-cho-vay-nha-o-xa-hoi-con-54nam-27e013f/
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