(QBDT) – After being implemented, the social housing loan program (Social Housing) has helped hundreds of low-income workers in the province have the opportunity to own a solid, spacious house. . With preferential interest rates, capital from the program has helped many low-income families have the conditions to repair and build new houses, thereby working with peace of mind and stabilizing their lives.
In recent times, social policy credit has made an important contribution to the effective implementation of guidelines, policies, and goals of the Party and State on poverty reduction and social security. In particular, among the credit programs is the social housing loan program according to Decree No. 100/2015/ND-CP of the Government.
Since implementing the program until now, through the Bank for Social Policies (VBSP), entrusted socio-political organizations, social housing loans have reached hundreds of policy households and people. low-income workers.
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Director of VBSP-Quang Binh Branch Tran Van Tai said: Quang Binh is one of the localities that often suffers damage from natural disasters, storms and floods. That’s why people want to have a sturdy house to avoid storms. People’s need for loans to build houses and repair houses has also increased. Recently, VBSP has also taken advantage of central and local budget sources to create conditions for those in need to borrow capital. In 2023, there will be 837 households borrowing capital for social housing, with an amount of 657 billion VND. In the first 3 months of 2024, there were 26 households borrowing capital for social housing, with an amount of nearly 13 billion VND. This is a program that accounts for a large proportion of the total outstanding debt of VBSP’s loan programs. The program is a humane and preferential policy of the State, creating opportunities for policy target groups to have the opportunity to “settle down”.
Mr. Nguyen Tat Thanh, Deputy Director of the Transaction Office of Minh Hoa District Social Policy Bank, said that since the social housing loan program was implemented until now, the locality has always created favorable conditions for people to access capital. . To let beneficiaries know about the loan program, the district Social Policy Banking Office has coordinated with socio-political organizations to increase propaganda of loan content, and at the same time check and review loan cases. Loan documents and loan processes are implemented in accordance with regulations and ensure the fastest loan disbursement time for beneficiaries.
| In order for the loan package to reach many poor and low-income households, in the coming time, Bank for Social Policies-Quang Binh Branch and Bank for Social Policies Transaction Offices in districts and towns will continue to promote propaganda work, helping beneficiaries grasp information. Besides, we will take advantage of all central and local capital sources to support people in borrowing money and building new houses, Director of VBSP-Quang Binh Branch Tran Van Tai added. |
The current preferential interest rate for the social housing loan program is 4.8%/year, the maximum loan term is no more than 25 years. People who borrow capital to buy or lease-purchase social housing are allowed a maximum loan equal to 80% of the value of the purchase or lease-purchase contract. For new construction or renovation or repair, the maximum loan capital is 500 million VND. Subjects eligible for social housing loans are officials, civil servants, and public employees; officers, technical non-commissioned officers, professional soldiers; workers working in businesses inside and outside the industrial park; poor, near-poor households, and low-income people living in urban areas; people who contributed to the revolution. All of the above subjects do not have to pay regular personal income tax. The loan package with low interest rates and long loan period has helped beneficiaries reduce financial pressure, thereby helping them feel secure in borrowing capital to renovate and build new houses.
Happy to have access to social housing loans, Ms. Nguyen Thi Giang, Dong Phu ward (Dong Hoi city) said: “My family belongs to low-income officials. Recently, due to economic difficulties, my husband and I had to rent a house to stay. All four members, including husband and wife and two small children, had to struggle to live in a cramped and degraded level 4 rented room. The saddest thing is that my two young children don’t have space to study and play. I know it’s inconvenient, but with a limited salary, my husband and I can’t build our own house to live in. Luckily, in 2023, after learning about the social housing loan program for low-income people, my husband and I applied for a loan. With the loan amount of 500 million VND, my husband and I borrowed more from relatives to build a house. Currently, the house is about to be completed and put into use. This will be a source of spiritual encouragement for my husband and I to feel secure in our work. The loan interest rate is low and the repayment term lasts 25 years, so the social housing loan package is very suitable for low-income people like my husband and I.”
Doan Nguyet
