2%-interest loans for house repair
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Government Housing Bank has joined the Smart Money fair at Queen Sirikit National Convention Centre running until tomorrow, offering advice and loans to flood victims.
Those whose houses have been damaged can ask for loans with an interest rate of only 2 per cent per annum for five years but they have to provide collateral, said Woravit Chailimpamontri, president of the bank. Each borrower can get a loan of as much as 100 per cent of the appraisal price, but not more than Bt1 million, he said. Low-interest mortgages and other products would be also offered, he said.
