China
₫1.2 billion home loan over 20 years: monthly payments
This example assumes a 6.5% promotional rate for 24 months, then a 10.5% floating rate. The rates are for comparison only, not a quote.
Promotional rate
Home loans in Vietnam often start with a promotional rate: a lower rate, fixed for the first months. After that, the loan moves to a floating rate.
Floating rate
The floating rate applies after the promotional period: your bank's base rate plus a margin. When the base rate changes, so does the monthly payment.
Market: Vietnam · VND
Month 1
11,500,000 Vietnamese dong
After the promo (month 25)
14,450,000 Vietnamese dong
▲ Monthly payment rises by ₫3,572,917 (32.8%)
Open in the calculator for the ₫1.2 billion loan over 20 years| Loan amount | ₫1,200,000,000 |
|---|---|
| Loan term | 20 years |
| Repayment method | Declining balance |
| Promotional rate | 6.5% for 24 months |
| Floating rate | 10.5% |
| Highest monthly payment | ₫14,450,000 |
| Total interest | ₫1,173,850,000 |
| Total paid | ₫2,373,850,000 |
Estimates only. Fees and taxes follow Vietnamese law as of the dates shown. Confirm with your bank, notary and tax office.
Yearly repayment schedule
“Monthly payment” shows the payment in the first month of each year.
| Year | Monthly payment | Interest for the year | Balance at year end |
|---|---|---|---|
| 1 | ₫11,500,000 | ₫76,212,500 | ₫1,140,000,000 |
| 2 | ₫11,175,000 | ₫72,312,500 | ₫1,080,000,000 |
| 3Rate change | ₫14,450,000 | ₫110,512,500 | ₫1,020,000,000 |
| 4 | ₫13,925,000 | ₫104,212,500 | ₫960,000,000 |
| 5 | ₫13,400,000 | ₫97,912,500 | ₫900,000,000 |
| 6 | ₫12,875,000 | ₫91,612,500 | ₫840,000,000 |
| 7 | ₫12,350,000 | ₫85,312,500 | ₫780,000,000 |
| 8 | ₫11,825,000 | ₫79,012,500 | ₫720,000,000 |
| 9 | ₫11,300,000 | ₫72,712,500 | ₫660,000,000 |
| 10 | ₫10,775,000 | ₫66,412,500 | ₫600,000,000 |
| 11 | ₫10,250,000 | ₫60,112,500 | ₫540,000,000 |
| 12 | ₫9,725,000 | ₫53,812,500 | ₫480,000,000 |
| 13 | ₫9,200,000 | ₫47,512,500 | ₫420,000,000 |
| 14 | ₫8,675,000 | ₫41,212,500 | ₫360,000,000 |
| 15 | ₫8,150,000 | ₫34,912,500 | ₫300,000,000 |
| 16 | ₫7,625,000 | ₫28,612,500 | ₫240,000,000 |
| 17 | ₫7,100,000 | ₫22,312,500 | ₫180,000,000 |
| 18 | ₫6,575,000 | ₫16,012,500 | ₫120,000,000 |
| 19 | ₫6,050,000 | ₫9,712,500 | ₫60,000,000 |
| 20 | ₫5,525,000 | ₫3,412,500 | ₫0 |
Common questions
What is the monthly payment on ₫1.2 billion over 20 years?
₫11,500,000 a month for the first 24 months, then ₫14,450,000 once the floating rate of 10.5% applies.
How much interest do I pay in total?
About ₫1,173,850,000 over 20 years, under the assumptions above.
What if the floating rate is 2 points higher?
After the promo, the monthly payment goes from ₫14,450,000 to ₫16,250,000.
How does a promotional rate differ from a floating rate?
The promotional rate stays fixed for the first months. After that the loan moves to a floating rate: the bank's base rate plus a margin.
Does this payment include fees and taxes?
No. Fees and taxes on the purchase are worked out separately in the home-buying costs calculator.