BIDV has launched a VND40 trillion (USD1.6 billion) credit package to support young people to buy a home.

Individual customers aged up to 35 who wish to purchase or lease- purchase a home nationwide will be offered a preferential lending interest rate of 5.5 percent per year, fixed for the first three years. In subsequent years, the rate will be set at the 24-month deposit rate plus 3 percent per year.

Loan terms can be up to 40 years, with no principal repayment required for the first five years on a maximum loan amount of VND5 billion (USD200,000) per customer.

For property projects where developers commit to allocating at least 30 percent of total output to young buyers, BIDV offers a lending interest rate of 6 percent per year, fixed for up to 24 months, followed by a rate reduction of 1-2 percent per year lower than standard lending rates for subsequent years.

The Vietnamese saying “Settle down and thrive” reflects a deeply rooted philosophy: having a stable home provides the foundation for career and life development, especially for young people who strive to build their future.

Understanding this and responding to the government’s initiative to support young people in accessing housing, BIDV has pioneered the launch of a preferential home loan package. Offering unprecedented benefits, the package makes it easier for young people to turn their dream of homeownership into reality.

BIDV has been recognized six times as "Vietnam’s Best Home Loan Provider” and has led the market for a decade as "Best Retail Bank in Vietnam”. With the largest and most attractive home loan package available, BIDV once again affirms its pioneering role in supporting young homebuyers. The campaign slogan - “With BIDV, you have a home” - underscores the bank’s long-term commitment to sustainable development of young people.

Through this package, customers can borrow up to 70 percent of their intended home’s value and up to 50 percent for lease-purchase purposes. They can also flexibly choose their collateral, including financial assets such as deposit certificates or savings balances, the home they plan to purchase/lease-purchase, or other real estate they already own.

With competitive lending interest rates and a grace period of up to five years before principal repayment begins, young homebuyers can enjoy financial peace of mind while settling into their new homes.

To comprehensively address both housing supply and demand, BIDV is also introducing special incentives for property developers targeting young buyers. Developers may access loans of up to 75 percent of total project investment value, with flexible repayment terms aligned with project cash flows. This credit package applies to both new loans and projects already approved but not yet disbursed. BIDV also prioritizes disbursement to developers who offer price discounts for young homebuyers.

To ensure effective deployment of this VND40 trillion credit package, BIDV has streamlined its lending processes to maximize customer convenience. The bank has shortened appraisal, approval, and disbursement time, making it easier for the customers to access these preferential loans. Interested customers can visit BIDV branches nationwide for consultations and loan applications.

With 68 years of growth and development, BIDV continues to innovate, expand its scale, and enhance service quality. Today, BIDV stands out as Vietnam’s largest financial institution in terms of total assets, outstanding loans, and deposits, each surpassing over VND2 quadrillion (USD80 billion).

BIDV remains at the forefront of implementing monetary policies and directives from the government and the State Bank of Vietnam. In 2024, BIDV actively supported customers through preferential lending rates, increased loan ratios, improved processes, and enhanced service quality. The bank also accompanied businesses during challenging times, reducing more than VND8.6 trillion (USD344 million) in earnings to help customers navigate financial difficulties.