GHB approves Bt60 billion for mortgages
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The Government Housing Bank or GHB’s board has approved the provision of mortgage loans totalling Bt60 billion with a limit of Bt1 million per unit, according to press statement released on Monday.
Up to Bt10 billion will be used to finance loans to property developers building residential projects with a sale price not exceeding Bt1 million per unit. The remaining Bt50 billion will be granted to individuals applying for mortgages of not more than Bt1 million per unit with a special interest rate of 3 per cent for the first five years or monthly instalments of Bt3,800 per month, the release said.
