Expanding the project “Preferential Housing Loans for the Youth” to assist youths to purchase their own house.
In order to assist people to purchase their own homes, the Ministry of Finance launched the "Preferential Housing Loans for the Youth" on December 1, 2010. This project is handled by eight banks with government-owned shareholdings using their own funds. The implementation period is until the end of 2020. A new option with a one-off variable rate has been added to the project in 2019, with a current interest rate of 1.68%. This affords more choices for consumers.
At the end of August 2019, preferential loans administered by the eight banks with government-owned shareholdings had been granted at the amount of NT$1,147 billion.