HANOI, April 16, 2025 – The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) officially launches its new credit product, the StartSmart Home Loan. This specially designed financial solution aims to help young Vietnamese (aged 20 to 35) turn their dream of owning a first home into reality—paving the way for a stable life and a brighter future.

The introduction of the StartSmart Home Loan not only reflects Vietcombank’s social responsibility in supporting community development, especially among the younger generation, but also demonstrates the bank’s commitment to the Prime Minister’s call for preferential housing credit packages for young homebuyers.

A “Low-Pressure” Home Loan for Young People

The StartSmart Home Loan was developed with a deep understanding of the needs and challenges young people often face when considering homeownership—particularly the burden of upfront financial pressure. Vietcombank has introduced breakthrough policies to ease the early repayment burden, including:

Loan terms of up to 40 years: Vietcombank offers one of the longest home loan tenors currently available, significantly reducing monthly repayment pressure and supporting long-term financial planning.

Grace period on principal repayment of up to 5 years: Customers can benefit from a principal grace period of up to five years. During this time, only interest payments are required—giving borrowers time to stabilise their personal and family finances in the early years of homeownership.

Competitive Interest Rates and Flexible Loan Purposes

Vietcombank applies preferential interest rate packages for the StartSmart Home Loan, with fixed rates for up to 3 years. The interest rate starts from just 5.2% per annum, placing it among the most competitive in the market.

This product is applicable to a wide range of property types—from apartments and detached houses to residential land—meeting the diverse needs of young customers. Borrowers can also use the home being purchased as collateral, with loan support of up to 70% of the property’s value.

Young Customers at the Heart of Vietcombank’s Focus

The launch of the StartSmart Home Loan aligns with the Government and State Bank’s increasing focus on enabling young people to access affordable housing.

Mrs. Doan Hong Nhung, Head of Vietcombank’s Retail Banking Division, shared: “At Vietcombank, we always put our customers at the centre and strive to deliver the best financial products and services tailored to each segment. The StartSmart Home Loan is a testament to that commitment—especially to our younger generation, who represent the future of the nation. We believe that with outstanding benefits and dedicated support, this product will be a trusted companion in helping young people realise their dream of homeownership, build financial stability, and contribute to overall social development.”

Previously, in 2024, Vietcombank introduced the new interface for VCB Digibank-YouPro- brand dedicated to young customers, offering a specially designed version of VCB Digibank with an enhanced user interface and a suite of exciting features such as personal finance management, group budgeting, and investment tools. The StartSmart Home Loan marks another important milestone in Vietcombank’s journey to win the hearts of the younger generation.

Customers can visit the nearest Vietcombank branch for detailed advice on the product and loan conditions.

Let Vietcombank walk with you on the path to your first home—and a prosperous future.