GH Bank: Interest rates low for 3 years
Organisation pushes home ownership
State-owned GH Bank expects domestic interest rates will remain low over the next three years, providing a golden opportunity for people wanting to own their own homes.
GH Bank’s interest rate for home loans stands at 3% ±0.25% at present, a very low rate for the past decade, said Chatchai Sirilai, GH Bank’s president.
Low interest rates reduce borrowers’ monthly instalment payments. The price of property in Thailand has also fallen, with a large quantity of pre-owned homes available in the housing market, said Mr Chatchai.
He said there have been no signs of speculation in the…
