[UPDATE] Mortgage interest rates on the market in 2025

1. Latest information on current mortgage interest rates 

Currently, bank mortgage interest rates fluctuate around 5% to 10%/year, depending on each bank's policy as well as the loan term and capital use purpose. This is a suitable interest rate for customers to consider for big plans such as buying a house, car, or business investment.

SeABank is one of the banks that provides mortgage loan packages with competitive interest rates and many attractive incentives, providing optimal financial solutions for all customers. Customers interested in interest rates or loan packages can contact SeABank directly for detailed advice on current preferential mortgage loan packages.

2. Details on how to calculate mortgage interest rates

To better understand how to calculate mortgage interest rates, customers need to master current popular interest calculation methods. Below are two commonly applied interest rate calculation methods to ensure transparency:

2.1. Calculated according to the initial fixed principal balance

The interest rate calculation method based on the fixed principal balance is a popular and easy-to-understand form, suitable for borrowers who want a fixed monthly payment amount, making it easy for personal financial planning.

For example, Mr. A borrows 100 million VND from the bank for 10 months with a fixed interest rate of 12%/year. Monthly payments are calculated as follows:

• Principal paid monthly: 100,000,000/10=10,000,000 VND
• First month's interest: 100,000,000×12%/12=1,000,000 VND
• Total monthly payment (first month): 10,000,000+1,000,000=11,000,000 VND
• Second month interest: (100,000,000−10,000,000)×12%/12=900,000 VND
• Total amount payable for the second month: 10,000,000+900,000=10,900,000 VND

The method of calculating interest rates based on the principal balance provides stability, helping borrowers easily manage spending and make long-term financial plans.

2.2. Calculated based on the decreasing principal balance

The method of calculating interest rates based on the decreasing principal balance is suitable for borrowers who want to reduce financial pressure over time. The monthly payment amount will gradually decrease, making it easier for customers to manage their budget in the early stages of the loan.

Illustrative example:

Ms. B borrowed 100 million VND from the bank with a term of 10 months, the interest rate of 10%/year, calculated on the decreasing principal balance. Here's the calculation:

• Principal paid monthly:  100,000,000/10=10,000,000 VND.
• First month's interest: 100,000,000×10%/12=833,333 VND.
• Total amount payable for the first month: 10,000,000+833,333=10,833,333 VND.
• Second month interest: (100,000,000−10,000,000)×10%/12=750,000 VND.
• Total amount payable for the second month: 10,000,000+750,000=10,750,000 VND.

The method of calculating interest rates based on the decreasing principal balance helps customers gradually reduce their financial burden throughout the loan process, while ensuring transparency and clarity in payment.

3. Lots of incentives when borrowing mortgages at SeABank

VMortgage loans at SeABank provide solid financial support and help customers optimize their spending plans effectively. Below are the highlights that SeABank brings:

• Maximum loan amount up to 80% of loan needs: At SeABank, customers can access loans up to 80% of their loan needs, providing strong financial support. This is suitable for important goals such as buying a house, renovating real estate, or investing for long-term plans.
• Maximum loan term up to 60 months: SeABank offers flexible solutions with loan terms lasting up to 60 months. Customers have more time to plan their finances, ensuring debt repayment goes smoothly and does not put great pressure on their budget.
• Principal repayment grace policy in the first 12 months: Mortgage customers at SeABank enjoy a grace period for principal repayment in the first 12 months. This is a valuable time for customers to stabilize their finances and focus on other goals without worrying about the burden of immediate payments.
• Diverse collateral assets: SeABank allows customers to use houses, cars, insurance accounts, or other valuable assets as collateral. This makes the process of completing documents simpler and more convenient, while increasing the ability to access large capital sources.

4. Instructions on how to get a quick, preferential mortgage loan at SeABank 

To make the mortgage loan process at SeABank easy and quick, below are detailed procedures and registration steps.

4.1. Mortgage loan procedures

Complete and accurate preparation of all types of documents. When applying for a loan, it will help the approval and disbursement process at SeABank go faster and more smoothly. The bank requires full preparation of the following documents:

• Loan application form: According to the official application form provided by SeABank, ensure complete and accurate information.
• Legal records: Includes identification documents such as ID card/CCCD, household registration book, marriage registration or other documents proving marital status.
• Documents proving the purpose of capital use: Documents such as car sales contracts, VAT invoices, or documents related to the purpose of capital use.
• Documents proving financial capacity and source of debt repayment: Bank account statement, labor contract, or other documents proving income.
• Collateral records: Documents related to mortgaged assets such as land use rights certificates, red books, or vehicle documents.

4.2. Steps to apply for a mortgage loan

To support customers in making mortgage loans quickly and conveniently, the loan registration process at SeABank includes the following steps:

• Step 1: Contact to register for the loan
  Customers can apply for a mortgage loan at SeABank by going directly to the nearest branch or transaction office. In addition, customers can also contact hotline 1900 555 587 for detailed advice and quick support.
• Step 2: Consulting on loan documents and products
  SeABank staff will advise customers on suitable mortgage products and guide the preparation of necessary documents, ensuring complete information according to the bank's regulations.
• Step 3: Submit and confirm documents
  Customers submit applications at SeABank, including relevant information such as personal information, loan purpose, collateral, and documents proving income. The bank will confirm and check the accuracy of this information.
• Step 4: Appraise documents and collateral
  SeABank conducts appraisal of loan applications and collateral value. This process includes assessing the feasibility of the loan and determining the appropriate loan amount, loan term, and applicable interest rate. Results will be notified directly to customers.
• Step 5: Sign the contract and disburse funds
  After reaching an agreement, the customer and SeABank will sign a mortgage loan contract. The loan will be disbursed by the signed agreement, ensuring convenience and transparency for customers.

5. Important notes to optimize interest rates when borrowing a mortgage 

When making a mortgage loan, understanding important notes can help customers optimize loan interest rates.

• Choose the appropriate interest rate: Customers need to consider between fixed interest rates and floating interest rates based on their financial situation and risk tolerance. Choosing the right interest rate can help you save significantly over the life of your loan.
• Consider the loan term: The Loan term is an important factor. Short-term loans often come with lower interest rates, but you need to make sure your payment ability matches your monthly income.
• Consider additional costs: In addition to interest rates, customers need to pay attention to other additional costs such as loan insurance fees, application processing fees, or prepayment penalties. These costs can significantly affect the total cost of your loan.

SeABank provides mortgage loans with attractive interest rates, flexible terms and quick procedures, providing optimal financial solutions for all customers' needs. Please contact the hotline immediately 1900 555 587 for detailed advice and to enjoy special offers from SeABank.

Mortgage interest rates play an important role in choosing a financial solution that suits the needs and abilities of each customer. SeABank is committed to providing preferential loan packages with competitive interest rates, simple procedures and professional services, helping customers optimize their financial plans.