Thousands flock to Government Housing Bank for cheap housing loans

14 Sept 02:05 Key points summarised by AI

Thousands converged on the Government Housing Bank (GHB) and its branches nationwide to apply for housing loans under the 'One Million Housing Units Project', with some even camping overnight.
Applicants were attracted by highly favorable terms, including a 3% interest rate for the first five years (resulting in a 3,800 baht monthly installment) and no loan transaction fees.
The application process was simplified, requiring only an ID card, with further loan formalities communicated via mobile phone.
GHB aimed to extend loans of up to one million baht to approximately 50,000 customers within a single day due to the special one-day loan terms offered.

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

20 Oct 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.