Vietnam's VIB Bank offers long‑term mortgage interest discount with VIB Up

VIB Bank has introduced the VIB Up programme, a mortgage‑loan supplement that allows borrowers who register the benefit before the loan disbursement to receive a permanent reduction of 0.2‑0.4 percentage points per year on the loan’s interest rate. The discount applies for the entire life of the loan, which typically spans 20 to 30 years, and can generate total interest savings of up to about 350 million VND for eligible home‑buyers.

The scheme is intended to help borrowers manage fluctuating household incomes and future expenses such as education and healthcare by lowering the overall cost of capital over the loan’s lifespan. Customers need to apply only once before the disbursement date; the lower rate then remains in force throughout the repayment period, providing a predictable and lower financing burden for the duration of home ownership.