Indochina Land has signed an agreement with Bank for Foreign Trade of Vietnam (Vietcombank) to offer an interest-free loan program for homebuyers of the Indochina Plaza Hanoi apartment project.
Under the program, homebuyers can take out soft loans accounting for up to 60% of the apartment’s value at a zero interest rate and enjoy a grace period of 18 months from the date of the first disbursement being made.
Indochina Land introduced a similar program last year, with no interest for one year. After seven weeks of launching the program, the realty developer sold 36 apartments.
Many customers need a suitable financing solution that can help them extend loan payments, usually for one year, Michael Piro, director of Indochina Land, said.
Homebuyers in the program will have enough cash to cover an upfront payment equivalent to 40% of the contract’s value to own a home.
The Indochina Plaza Hanoi comprises two buildings with 386 high-end units, a grade-A office tower covering 18,000 square meters and four floors for retail space measuring up to 14,000 square meters. - Source: The Saigon Times
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