State-owned GH Bank is continuing to ramp up its low-interest housing loan campaign with the aim of tapping more middle-income earners after rolling out a low-interest mortgage scheme for low-income earners.
GH Bank president Chatchai Sirilai said despite the pandemic, the bank has confidence housing demand among low- and middle-income earners remains robust.
The bank recently introduced a second phase of the “Million Houses” project worth 30-50 billion baht for low-income earners who want to buy a house priced less than 1.2 million baht, with interest rates of around 2%. The scheme is scheduled to begin this month.
GH Bank’s “New Home” mortgage scheme is for middle-income earners who want to buy a new home or condo unit worth 1.5 to 2.5 million baht. The scheme has a total credit line of 10 billion baht and offers an interest rate of 2.9% for the first…
