The Bank of Thailand has released loans that exceed the target. expected to be the highest in 68 years

The Bank of Thailand has released loans that exceed the target. expected to be the highest in 68 years

Date 03 Dec 2021 time 21:21

The Bank of Thailand has released loans that exceed the target, has released 215,701 million baht, is expected to release up to 240,000 million baht at the end of the year, the highest in 68 years.

Mr. Chatchai Sirilai Managing Director The Government Housing Bank (GHB) revealed that on Friday, December 3, 2021 at 5:18 p.m., GH Bank was able to issue new loans of 215,701 million baht, higher than the target in 2021, which was already set at 215,641 million baht. Despite the epidemic situation of the COVID-19 virus since the beginning of 2020 until the present, GH Bank, as a state-owned specialized financial institution, has a mission to “Make Thai people have homes” can still support government policies. and the Ministry of Finance in helping people especially those with low to middle income to have their own residence for the happiness of Thai people for upgrading the quality of life and stability in housing

The Bank of Thailand has low interest rate loan products that meet the needs of customers. Each income group, such as the GH Bank project for you 2021, the interest rate for the first year is only 2.75% per year, with cumulative approval amount up to 53,280 million baht, the GH Bank project for Sanrak 2021, the interest rate for the first year 2.50%. per year, with cumulative approval amount of 21,280 million baht, while the Million House Project Phase 2 has a low interest rate of 1.99% per annum for the first 4 years. Operate real estate, second-hand houses and NPA properties or for building At the purchase-sale price level not exceeding 1,200,000 baht as of December 3, 2021 at 12:00 noon, there are 63,786 people registered to join the project, representing a credit limit of 76,543.20 million baht. 5,575 applicants have applied for a loan, with a limit of 4,840 million baht has been approved. 4,764 credits, amount 4,010 million baht

“Even though the COVID-19 situation will affect the economy and public income But the bank was still able to lend above its target since the beginning of December. Faster than a year ago, the loan exceeded the target on December 21, 2020, mainly from the bank’s low-interest loan products. including the government’s economic stimulus policies, such as measures to reduce transfer fees and real estate mortgage and measures to stimulate public spending Meanwhile, the Bank of Thailand announced a temporary relaxation of mortgage and other loans related to mortgage loans (LTV measure). As a result, customers whose income is not affected by COVID-19 will come to seek more loans from banks at the end of the year more and believe that by the end of 2021 BAFS will be able to provide new loans of at least 240 billion baht. baht, which is the highest number of new loans in the history of 68 years since the bank’s inception. which makes Thai people happy from having a home It is the smile and happiness of GH Bank people as well,” said Mr. Chatchai.

inquiry or follow the Bank’s news and information at www.ghbank.co.th or the Customer Relations Center (Call Center) at 0-2645-9000 and the Government Housing Bank’s Facebook Fanpage.