By THE NATION
The bank president Chatchai Sirilai said the new packages fell in line with the Finance Ministry's policy to widen loan access to homebuyers.
The first package involves Bt30 billion in lending, carrying an annual interest rate of 3.25 per cent in the first year before rising to 4 per cent in the second, 5 per cent in third year and 0 per cent during the 37th to 42th months.
Borrowers, eligible for 0 per cent rate, are those who have signed up for GHB All mobile financial service application. They will have to pay installments via the app.
For the 43th month until the end of the loan term, interest rates are set at MRR-0.75 per year for retail clients, and MRR-1 per cent a year for borrowers whose employers have entered into an agreement with GHB under which their salaries will be deducted for the monthly installmet payments to the bank.
Maximum lending is capped at Bt3 million with collaterals. Eligible borrowers must have a maximum monthly salary of Bt35,000. This loan package is available until December 30, 2020.
The other package "Dream Homes by GHB" comes with Bt10 billion in loans, carrying an interest rate of 3.25 per cent during the first to third years and MRR-2 per cent a year (equivalent to 4.50 per cent per year as of the present level ) for the fourth and fifth years.
The rate from the 61th to 66th month is 0 per cent per annum.
The rate from 67th month until the end of loan term is MRR-0.50 per cent per annum for retail clients and MRR-0.75 per cent per annum if the employer of the borrower had signed an MoU with GHB under the Corporate Synergy project.
Eligible borrowers must be free of any mortgage agreement with GHB or other banks. This package is available until December 30 this year.
The bank will also issue savings lotteries worth Bt50 billion next month. It will use the proceeds to develop a low-interest mortgage package offering Bt50 billion in loans.
In addition it will help clients who are state officials and state personnels restructure their debt.
Chatchai said that the bank is ready to support the government's policies.
He added that GHB targeted Bt209 billion in new loans this year compared to Bt215.301 billion last year. Currently, its outstanding loan amount stands at more than Bt1.209 trillion, up 8.37 per cent from 2018.