The Governor of the State Bank of Vietnam (SBV) has issued Decision No. 2734/QD-NHNN on the interest rate applicable to the commercial banks in 2020 for their outstanding housing loans.
Specifically, the interest rate of the commercial banks applied in 2020 for outstanding housing loans will be 5.0% per annum, as prescribed in Circular No. 11/2013/TT-NHNN dated May 15, 2013, Circular No. 32/2014/TT-NHNN dated November 18, 2014, and Circular No. 25/2016/TT-NHNN dated July 29, 2016.
This Decision took effect from January 1, 2020 and replaces the SBV Governor's Decision No. 2570/QD-NHNN dated December 25, 2018.
VA