Posted Today, 06:41
GH Bank prepares 5 billion baht to fund low-interest loan for home buyers
BANGKOK, 2 January 2015 (NNT) – The Government Housing Bank (GHBank) is allocating five billion baht towards providing low-interest loans for home buyers, in an initiative the bank has branded as a New Year's gift to the public.
Angkana Chaimanat, president of GH Bank, said the allotted money will fund low-interest loans for low- to middle-income home buyers to enable them to buy their own homes. The loans may be taken out for home purchase as well as for home construction, expansion and repairs. The borrower will only be charged 0.87% interest for the first year. The interest will rise 4.85% on the second year, after which the rate will be MRR plus 0.5% for the average loan taker. The adjustable-rate loan amount will be capped at 2.5 million baht per borrower.
Interested would-be borrowers may apply during March 5 and 30.