Credit bureau warns home loan bad debts continue to grow

14 Sept 01:54 Key points summarised by AI

The National Credit Bureau (NCB) confirms rising non-performing loans (NPLs) in the mortgage sector, with an overall NPL rate now at 4%.
Gen X debtors (aged 39-53) represent the highest combined value of mortgage NPLs (75 billion baht) and debt restructuring (90 billion baht).
A significant concern is that 40% of restructured debts, totaling 60 billion baht, are likely to become NPLs, indicating a worrying trend of new bad debts.
The increase in home loan NPLs is connected to a substantial rise in personal loan NPLs, which have surpassed 170 billion baht.
Both NCB and Bangkok Bank support the Bank of Thailand's initiative to impose stricter controls on mortgages, particularly for those purchasing third properties, to prevent a real estate bubble.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.