TPBank finances phase 1 of a project of nearly 1,500 social housing units in the West of Saigon

The cooperation signing ceremony between TPBank and Le Thanh Company is within the framework of the Groundbreaking Ceremony of the Le Thanh Tan Kien Social Housing Project held on Nguyen Cuu Phu Street (Hamlet 1, Tan Kien Commune, Binh Chanh District, Ho Chi Minh City).

TPBank invests in phase 1 of Tan Kien social housing project (HCMC)

Accordingly, in order to facilitate investor Le Thanh to access loan capital and develop the social housing project soon, TPBank agreed to provide a loan of 130 billion VND, for a period of 120 months, with a principal grace period of the first 12 months. TPBank committed to disbursing within 6 months from the date the loan was approved. In return, Le Thanh Company committed to coordinate with TPBank in managing the loan to ensure that the Le Thanh Tan Kien Social Housing Project is implemented on schedule.

It is known that this is the social housing project with the highest possibility of legal completion this year according to the Prime Minister 's Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period 2021 - 2030". The project includes 4 18-storey apartment towers and 2 commercial service blocks, expected to provide 1,445 social housing apartments for 49-year lease, with diverse areas from 25m2 - 70m2, handover in 2026.

This project promises to be a "new breeze" in the social housing segment for low- and middle-income workers, contributing to changing the face and promoting social security in the western area of ​​Saigon.

The decision to accompany Le Thanh Company in this potential social housing project demonstrates TPBank's active participation in implementing the 125,000 billion VND social housing loan program according to the policy of the Government and the State Bank. TPBank is committed to accompanying businesses and people, contributing to unblocking credit capital flows, removing difficulties for the real estate market in general and the social housing segment in particular.

TPBank representative shared: "The Bank proactively approaches investors of social housing projects, in parallel with direct communication to potential individual customers. We hope that with efforts from many sides, people will soon have access to social housing, as well as investors will soon have access to the 125,000 billion VND credit package, contributing to realizing the dream of settling down and improving the lives of low-income people in accordance with the Government's policy."

In addition to funding social housing projects, with the responsibility of fulfilling the commitment of one of the top prestigious units in the market, TPBank is also very active in funding the transition to a green, sustainable, low-carbon economy, through promoting loan packages for businesses with green plans and projects with an interest rate of only 0% in the first 3 months.

Green projects and plans that are given 0% interest rate incentives by the "purple bank" are projects and plans in priority areas of sustainable development such as renewable energy, clean energy, sustainable transportation, sustainable agriculture, green construction and real estate, sustainable water and waste management with preferential interest rate support policies. The total value of the loan package is up to 5,000 billion VND.

Source: https://www.congluan.vn/tpbank-tai-tro-giai-doan-1-cho-du-an-gan-1500-can-nha-o-xa-hoi-phia-tay-sai-gon-post310069.html