Saigon-Hanoi Bank offers new preferential loan package for housing purchase

Saigon-Hanoi Commercial Joint Stock Bank (SHB) has launched a preferential loan package with competitive interest rates, in response to the Prime Minister's direction on credit solutions to help young people buy houses.

The interest rates, starting from only 3.99% per year, aim to help customers soon reach the dream of "Settle down with a house and thrive", the Hanoi-headquarered bank said in a release.

Specifically, from now until December 31, 2025, SHB offers a loan package of VND16 trillion ($626.84 million) to serve home buying needs with preferential interest rates from only 3.99%. This interest rates are attractive in the current market.

Customers will be able to borrow up to 90% of the value of the property they intend to buy, with no limit on loan amount at the interest rates from only 3.99% per year. In addition, they are also exempted from paying principal for the first 60 months - equivalent to five years and receive credit cards with an attractive overdraft limit.

Notably, with a loan term of up to 35 years and a principal repayment schedule specifically designed according to financial ability (equal principal installments/increasing frequency monthly/quarterly or maximum every six months), customers will see financial pressures reduced and enjoy life right in their own home.

Home loan customers can be flexible in choosing suitable collateral such as valuable papers/deposit balance, real estate intended to be purchased with loans/other owned real estates or cars.

According to the Vietnam Association of Real Estate Brokers (VARS), in 2024, the Vietnamese market recorded nearly 81,000 real estate products offered for sale, an increase of more than 40% compared to 2023. Of these 65,376 were new products, a three-fold increase against 2023.

According to Batdongsan.com.vn data, the average asking price of apartments in Hanoi and Ho Chi Minh City in the first half of February 2025 changed positively, with signs of slight decrease. Now is considered a "golden" time to help people, especially young people, quickly own their dream houses.

An SHB representative said that for this year's home loan package, the bank has improved the lending process to support customers at maximum in terms of loan procedures and documents with shorter time for appraisal, approval and disbursement.

The bank also accepts many different sources of customers' income to increase flexibility for debt repayment, including income from salaries, household business activities, and customer-owned companies, among others.

“SHB's home loan package has competitive interest rates, which closely follow the market and meet actual needs. With this policy, home buyers will have peace of mind as there is less pressure to pay principals over the years, and payment of principals is flexible without additional fees. This helps home buyers be proactive in their finances and stabilize their lives," said the SHB representative.

Along with preferential interest rates from only 3.99% a year, SHB's knowledgeable professional staff are always ready to accompany and support customers anytime and anywhere in processing documents and disbursing quickly, meeting their capital needs promptly to own apartments and houses of their choice.

In addition to financial support, SHB provides interior design consulting and many other advisory services to accompany the home buying process.

Through more than 31 years of accompanying customers and the country, SHB has always proactively and closely followed the orientations of the Party and State, while actively accompanying and creating good values for people and the society.

In particular, the bank strives to build diverse solutions and optimal financial services, while constantly improving the quality and design of credit products and financial services that suit customer and market needs.

In 2024, SHB also launched a home loan package and a loan program with attractive interest rates. Millions of customers have chosen he bank as a reliable partner to borrow to buy homes and use its financial solutions and services to serve production, business and consumption or to stabilize their lives.

Currently, the bank is focusing on implementing its 2024-2028 Transformation Strategy strongly and comprehensively. It has set the strategic goal of becoming the top 1 bank in terms of efficiency, the most popular digital bank, the best retail bank, and the top bank in providing capital and financial products-services to strategic private and state corporate customers which possess supply chains, value chains, ecosystems, and green development.

In 2024 - the pivotal year of the Transformation Strategy, SHB completed and exceeded many targets assigned by its AGM at the beginning of the year. In particular, the bank recorded pre-tax profit of VND11,543 billion ($452.22 million), up 25% compared to 2023 and exceeding the plan approved by the AGM.

The operating cost to operating income (CIR) ratio was 24.5% - among the lowest figures in the Vietnamese banking industry. Total assets by the end of 2024 were over VND747 trillion ($29.27 billion), an increase of 18.5% compared to the end of 2023.

Outstanding credit balance reached nearly VND534 trillion ($20.92 billion), while the credit growth was 18.2%. SHB continued to ensure safety indicators, liquidity, and risk governance to comply with and be better than the State Bank of Vietnam's regulations.

SHB recently announced that February 27, 2025 will be the last registration date to finalize its list of shareholders exercising the right to receive dividends in 2023, at a ratio of 11%.

According to the resolution of its 2024 AGM, SHB will pay dividends for 2023 at the ratio of 16%, including 5% in cash and 11% in shares. In August 2024, the bank completed its first 2023 dividend payment in cash at the ratio of 5%.

For many years, SHB has regularly paid dividends at the ratio of 10-18%, which shows its responsibility to shareholders, while constantly improving its capital base; developing safely, sustainably and effectively; and continuously strenthening governance capacity according to international standards and modern models.

SHB's strong financial foundation affirms the bank's reputation in the market, thereby serving as a basis to increase its attraction of capital flows from residents and businesses and mobilize from the bond market with appropriate interest rates and terms.

This helps the lender to circulate capital to key areas like those enjoying the government's development priorities and green projects.

For more details, please visit https://www.shb.com.vn or contact hotline 6688 (24/7) for support.