Customers buying low-cost houses of Becamex IDC Corporation will be able to get access to loans of the Government’s low-cost home loan program.
Bank for Investment and Development of Vietnam (BIDV)’s Binh Duong Branch last Saturday signed a cooperation agreement with Becamex IDC to assist civil servants and low-income earners who buy budget homes of the latter.
BIDV will apply a rate of 6% this year and a loan term of up to 15 years. In the following years until June 1, 2023, the interest rate will be 50% of the average rate of other banks but not exceed 6% per year.
Besides, BIDV has pledged to handle loan applications in a maximum of four days upon the receipt of full dossiers from home buyers.
Becamex IDC’s budget housing scheme which is developed at 37 places consists of 64,700 apartments. Each apartment equipped with utilities has an area of 30 square meters and is priced at VND100 million.
The firm has developed projects of this kind in Thu Dau Mot City, Thuan An and Di An towns, Ben Cat and Tan Uyen districts with total floor space amounting to 2.72 million square meters.
Becamex IDC earned over VND18.09 trillion and over VND2.88 trillion in revenues and profits last year. - Source: The Saigon Times
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