Massive interest in low-interest home purchase loans
Hundreds of people queued at Government Housing Bank (GHB) headquarters in Bangkok early Sunday morning to apply for loans to buy houses designed for low-income earners and priced under Bt1 million.
The state-run bank is offering low-interest loans that can be repaid over 40 years.
People earning less than Bt25,000 a month will be charged a fixed 3 per cent interest for the first five years. People earning more pay 3 per cent interest for the first three years.
The bank has set aside Bt50 billion for the scheme.
Deputy Prime Minister Somkid Jatusripitak said he would ask the GHB to consider extending the soft-loan programme for people unable to obtain one this time.