Annual interest rate at 5.8% - Golden opportunity for young home buyers

29/04/2025

For many young Vietnamese, the “settling down” dream is coming true since banks begin offering preferential home loan packages. SeABank’s “Empowering the Dream of Homeownership” loan package is specifically designed for young Vietnamese to achieve the milestone of purchasing their first home, thereby having a stable life and confidently building future. The package features annual interest rates starting from 5.8%, maximum loan terms of 55 years, and a 5-year grace period on principal repayment.

Owning a home for the first time is a major milestone for anyone, especially for young people aged 20 to 35. More than just a financial decision, it lays a crucial foundation for long-term stability and success.

However, young individuals are facing significant barriers that make this dream seem out of reach. The biggest one is financial challenge, particularly limited affordability and the lack of flexible solutions tailored to specific needs and situations.

Taking this demand into consideration and in response to the Government's initiative to support young people in accessing housing, many Vietnamese banks have proactively developed and launched preferential home loan packages for young individuals. These solutions feature outstanding benefits, helping young generation to move closer to their dream of homeownership.

Southeast Asia Commercial Joint Stock Bank (SeABank) is one of the pioneering banks to introduce the “Empowering the Dream of Homeownership” loan package, aimed at easing the financial burden for young homebuyers. The program offers attractive interest rates with multiple fixed-rate options for up to 60 months, starting from only 5.8% per annum - among the lowest rates on the market, helping young borrowers save significantly over the loan term. In addition, customers benefit from a grace period of up to 5 years on principal repayment. During this period, customers only have to pay interest, allowing greater flexibility to stabilize their personal and family finances in the early years of homeownership.

One of the standout features of the “Empowering the Dream of Homeownership” loan package is its loan term of up to 55 years. This is one of the longest available terms on the market, thus significantly reducing monthly repayment pressure and allowing customers to build a more stable long-term financial plan. Additionally, SeABank offers flexible principal repayment options. During the first 15 years, borrowers are only required to repay 5% of the principal annually, helping them manage expenses with less financial strain in the early years.

The timely and proactive launch of this loan package reflects SeABank’s strong commitment to social responsibility, particularly in community development and support for the young community. It also demonstrates the Bank’s concrete alignment with the Prime Minister’s directive.

For more information about this preferential loan program, customers can visit the nearest SeABank branch, call the hotline at 1900 555 587, visit the website at www.seabank.com.vn, or follow the official fanpage.