BANGKOK(NNT) – The Government Housing Bank (GHB) has prepared some 100 billion baht in credit, to help people at all income levels to buy houses.

Finance Minister Uttama Savanayana delivered the policy for the GHB to help people buy a house of their own in an effort to reduce social inequality and stimulate the national economy by supporting the real estate sector, which includes construction and employment sectors.

Data on over 3.7 million customers of the GHB will be processed and linked with data on state welfare cards and the Taste-Shop-Spend campaign so that they can be of use in the future.

GHB Managing Director Chatchai Sirilai said the bank has prepared the 100 billion baht credit to support the government policy and stimulate the economy during the first half of this. The credit will cover 30 billion baht for the Baan Sarn Rak project, loans for those who earn a maximum of 35,000 baht monthly and buy a house for a maximum of three million baht. Such a house loan will carry a 3% interest rate per annum for the first three years. The GHB credit will include 10 billion baht for the Dream Home project for those who earn more than 35,000 baht monthly with a 2.65-2.7% interest rate for the first three years.

About 10,000 GHB customers, who are government employees, and currently owe a combined 8.3 billion baht in debt to the bank, will be provided a 50% cut in repayment installments and no interest for a six-month period. Such advantages for GHB customers will be considered by the bank’s executive board on Tuesday, before being forwarded to the cabinet for approval.

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