HCMC – Public sector employees in HCMC can now access home loans at an annual interest rate of 3.2%, down from 4.7%, according to an announcement on November 28.
The new rate applies to government officials, civil servants, and employees in public organizations. Eligible workers can borrow up to VND900 million, with a repayment period of less than 20 years.
The policy, outlined in Decision 4899 issued by the HCMC People’s Committee, also extends to employees of the People’s Court, People’s Procuracy, and Customs Department.
Applicants must meet specific criteria, including permanent residency in HCMC, no prior property ownership, and no previous housing support.
Borrowers are required to provide a 30% down payment, demonstrate a stable income, and comply with additional conditions specified by the city.
