The Government Savings Bank (GSB), an institution committed to enabling Thai citizens to own their homes, is prepping a credit line of 45,000 million baht to offer three home loan products with fixed interest rates for the first three years, marking the end of this year.
The initiative is expected to inject liquidity into the economy.
According to Karm Phonprakong, Deputy Spokesperson of the Prime Minister’s Office, the first product, Happy, has a credit limit of 10,000 million baht. It is designed for those looking to purchase houses and condominium units from participating projects.
The interest rate for the first three months is 0% per annum, 2.5% for months four to 12, 2.98% for the second year, and 3.55% for the third year. On average, the interest rate for the first three years is 2.8% per annum. If you borrow 1 million baht for 40 years, the…
